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Treasury Department

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  • U.S budget surplus falls to $71 billion in June Friday, 11 Jul 2014 | 2:00 PM ET

    WASHINGTON, July 11- The U.S. budget surplus was $71 billion at the end of June, down 39 percent from the same period last year, according to data released by the Treasury Department on Friday.

  • NEW YORK, July 1- The U.S. Treasury Department has just given a tax break and its blessings to retirement savers who want to buy long-term deferred annuities in their 401 and individual retirement accounts.

  • US records $130B budget deficit in May Wednesday, 11 Jun 2014 | 3:24 PM ET

    The U.S. reported a $130 billion deficit in May after a surplus in April, but this year's imbalance is on track to be the lowest in 6 years.

  • Greisman pleaded guilty to conspiracy, tax evasion and Internal Revenue Service obstruction charges in 2009. Four other BDO partners or employees had also pleaded guilty in the case. BDO USA, as the accounting firm is now known, agreed in June 2012 to pay $50 million to resolve related government claims through a deferred prosecution agreement.

  • U.S. Senate confirms Massad as new CFTC chairman Tuesday, 3 Jun 2014 | 5:49 PM ET

    WASHINGTON, June 3- The U.S. Senate on Tuesday confirmed Treasury Department official Timothy Massad to be chairman of the U.S. Commodity Futures Trading Commission. Senators also confirmed Chris Giancarlo, a swaps industry veteran, as a member of the five-person commission. Both were approved by a voice vote in the Senate.

  • Iranian oil exports on course to blow past limits Tuesday, 3 Jun 2014 | 2:35 PM ET
    An oil tanker is seen off the port of Bandar Abbas, southern Iran.

    Iranian oil exports are running above the levels the Islamic Republic agreed to when sanctions were loosened.

  • Hiding money overseas is about to get even harder Tuesday, 3 Jun 2014 | 10:20 AM ET

    More than 77,000 foreign banks and financial institutions have agreed to share US tax information with the IRS.

  • US lawmakers probe Treasury hiring practices Tuesday, 3 Jun 2014 | 8:53 AM ET

    Two U.S. congressmen have opened separate inquiries into whether a Treasury Department bureau may have flouted federal hiring rules.

  • WASHINGTON/ ST LOUIS, June 3- Two powerful U.S. congressmen have opened separate inquiries into whether a Department of the Treasury bureau charged with policing money laundering may have flouted federal hiring rules, including regulations that require military veterans be given preference for government jobs.

  • WASHINGTON, June 2- About 77,000 foreign and U.S. banks and financial institutions, including some in Russia, have registered with the United States to comply with a new law meant to fight tax dodging by Americans, the U.S. Treasury Department said on Monday.

  • In April, the New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.

  • In April, The New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.

  • WASHINGTON, May 22- U.S. government workers owed $3.3 billion in delinquent taxes last year but were still better at staying current with the Internal Revenue Service than the general public, the IRS said on Thursday. About 3.3 percent of federal workers were delinquent on their taxes in fiscal 2013, versus 8.7 percent of all U.S. taxpayers, the IRS said.

  • Should have let Bear Stearns fail: Kovacevich     Thursday, 22 May 2014 | 7:12 AM ET

    Richard Kovacevich, former chairman & CEO of Wells Fargo, says the biggest mistake the Fed made during the financial crisis was rescuing Bear Stearns which was half the size of Lehman.

  • What Geithner didn't understand: Kovacevich     Thursday, 22 May 2014 | 7:05 AM ET

    Richard Kovacevich, former chairman and CEO of Wells Fargo, explains why he thinks former Treasury Secretary Tim Geithner's new book is a justification for bad decisions.

  • US sanctions 12 Russians for human rights abuses Tuesday, 20 May 2014 | 4:30 PM ET

    The Treasury Department said the sanctions would freeze any US assets held by the individuals and bar Americans from doing business with them.

  • WASHINGTON, May 19- A proposal to make the U.S. Internal Revenue Service hire private companies to collect unpaid taxes is dividing Senate Democrats, with some warning it could lead to harassment of low-income people, but others saying it would boost tax revenue.

  • Can mutual funds be too big to fail?     Monday, 19 May 2014 | 8:15 AM ET

    Mary Miller, U.S. Treasury Undersecretary, shares her thoughts on regulating asset managers and the three areas they are looking at that may pose risk.

  • WASHINGTON, May 12- The United States posted a $107 billion budget surplus in April, according to Treasury Department figures released on Monday, suggesting the federal government was on track to slash its annual deficit. Washington usually runs a surplus in April because households have a deadline for settling tax bills that month.

  • Santelli Exchange: China reform     Monday, 12 May 2014 | 10:43 AM ET

    CNBC's Rick Santelli speaks to Peter Boockvar, The Lindsey Group chief market analyst, about how China will enact economic reform and how it will impact growth. Boockvar also discusses India and demand for copper.