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Treasury Department

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  • Tax inversion crackdown     Tuesday, 23 Sep 2014 | 7:51 AM ET

    Jared Bernstein, Budget & Policy Priorities, shares his thoughts on the Obama administrations efforts to implement new regulations that would diminish the ability for companies to escape U.S. taxes.

  • Lew tackles tax inversions     Tuesday, 23 Sep 2014 | 7:03 AM ET

    CNBC's Eamon Javers reports the Treasury Department is trying to make tax inversions less economically appealing to corporations but they will not be able to eliminate them all.

  • Treasury moves to combat tax inversions     Tuesday, 23 Sep 2014 | 6:08 AM ET

    The Treasury Department is seeking to reduce the benefits of companies buying foreign firms to switch tax domicile to a country with lower rates, reports CNBC's Eamon Javers.

  • OBAMA SAYS TREASURY SECRETARY LEW BRIEFED HIM ON MONDAY ON FIRST STEPS TREASURY DEPARTMENT WILL TAKE TO DISCOURAGE CORPORATE TAX INVERSIONS.

  • WASHINGTON, Sept 19- Oil major Exxon Mobil said on Friday the U.S. Treasury Department had granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic that has been targeted by U.S. sanctions. Washington intensified sanctions on Russia last week over its intervention in Ukraine.

  • WASHINGTON, Sept 19- U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic that has been targeted by U.S. sanctions. Washington intensified sanctions on Russia last week to punish Moscow for its intervention in Ukraine.

  • WASHINGTON, Sept 19- U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

  • Hedge funds buy $4.5 billion in Puerto Rican bonds Friday, 12 Sep 2014 | 1:54 PM ET
    Old San Juan, Puerto Rico

    Hedge funds and investment firms are advising and lending money to the Puerto Rican government, reports the New York Times.

  • NEW YORK, Sept 12- U.S. stocks were lower in afternoon trading on Friday, with energy shares extending recent losses after the Treasury department announced new sanctions against Russia. Exxon Mobil Corp was down 1.1 percent and ConocoPhillips was down 1.2 percent.

  • US STOCKS-Wall St slips at midday; energy a drag Friday, 12 Sep 2014 | 12:37 PM ET

    NEW YORK, Sept 12- U.S. stocks were lower at midday on Friday, with energy shares extending recent losses after the Treasury department announced new sanctions against Russia. Exxon Mobil Corp and ConocoPhillips each lost 1 percent.

  • NEW YORK, Sept 12- U.S. stocks were lower on Friday, with energy again leading the market down after the Treasury department announced new sanctions against Russia. Exxon Mobil Corp fell 0.9 percent to $96.12 on Friday while ConocoPhillips was down 0.9 percent to $78.67.

  • White House: We deserve credit for booming markets Friday, 12 Sep 2014 | 9:19 AM ET
    Jason Furman, Chairman of the White House Council of Economic Advisors.

    "A whole bunch of things have gone into that increase—a lot of it being a sign of the strengthening economy," economist Jason Furman says.

  • Treasury monitoring swaps loopholes at US banks - WSJ Friday, 12 Sep 2014 | 12:55 AM ET

    Sept 12- The U.S. Treasury Department is monitoring banks that are shifting some of their trading operations overseas to avoid tough swaps rules in the country, the Wall Street Journal reported, citing a source from the department.

  • U.S. budget deficit at $129 billion in August Thursday, 11 Sep 2014 | 2:00 PM ET

    WASHINGTON, Sept 11- The U.S. budget deficit was $129 billion in August, down 13 percent from the same period last year, according to data released by the Treasury Department on Thursday.

  • NEW YORK, Sept 5- The U.S. Treasury Department changed a rule last October to allow employees to roll over $500 of unspent Flexible Spending Account money, ending years of a use-it-or-lose it policy, but most workers have yet to reap its benefits.

  • WASHINGTON, Aug 28- The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday.

  • How low can they go? Traders eyeing global rates Wednesday, 27 Aug 2014 | 6:42 PM ET
    Traders on the floor of the New York Stock Exchange.

    Caught in a tug of war between the opposing policy modes of a tightening U.S. Fed and an easing European Central Bank, yields have taken dramatic turns.

  • Post-S&P milestone, Street looks for next catalyst Tuesday, 26 Aug 2014 | 6:46 PM ET
    Traders on the floor of the New York Stock Exchange.

    Wall Street is trading on what it thinks might happen in September. But a key to what's been working on markets in the last several days is Europe.

  • NEW YORK, Aug 25- A group of Wall Street banks plan to meet the U.S. Treasury Department and other government officials next month to talk about how to cooperate to fend off cyber attacks, people familiar with the matter told Reuters.

  • WASHINGTON, Aug 18- The U.S. government has grappled for more than 30 years with corporate deals known as inversions in which U.S. companies shift their tax domiciles abroad to avoid U.S. taxes. The first inversion in 1983 was followed a year later by two new rules from the U.S. Internal Revenue Service.