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  • UPDATE 1-U.S. budget deficit lowest since 2008 - Treasury Wednesday, 15 Oct 2014 | 12:47 PM ET

    WASHINGTON, Oct 15- The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as a quickening economic recovery boosted tax collections and spending grew only modestly, the Treasury Department said. The deficit, down from $680 billion last year, was the lowest since a $459 billion budget gap in fiscal 2008, which was...

  • Federal deficit falls to $483 billion: Treasury  Wednesday, 15 Oct 2014 | 11:01 AM ET

    The Treasury Department says the fiscal 2014 federal budget deficit fell to $483 billion, reports CNBC's Eamon Javers.

  • U.S. budget deficit shrinks to $483 bln - Treasury Wednesday, 15 Oct 2014 | 11:00 AM ET

    WASHINGTON, Oct 15- The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as U.S. economic growth boosted tax collections, the Treasury Department said on Wednesday. The deficit, down from $680 billion last year, was the lowest since a $459 billion budget gap in fiscal 2008, which was followed by four straight...

  • SAN JUAN, Puerto Rico, Oct 10- A Puerto Rico judge ruled in favor of Doral late on Friday in its $229 million tax dispute with the Puerto Rico Treasury Department, which said it would appeal. Last May, the Treasury Department voided a 2012 agreement that set a $229 million tax refund for Doral resulting from a restatement of inflated earnings during a six-year period...

  • WASHINGTON, Oct 7- Severe delays and inconvenience for millions of taxpayers could result in 2015 if the U.S. Congress fails to deal soon with a list of temporary tax laws that expired at the end of 2013, the Internal Revenue Service and a key senator warned on Tuesday. Known as the "extenders," the more than 50 expired tax laws are in limbo, waiting for Congress to...

  • Q+A-Tax Inversions 101: A pocket guide Wednesday, 24 Sep 2014 | 11:04 AM ET

    NEW YORK, Sept 23- The Treasury department this week announced a new set of regulations to crack down on the wave of "corporate inversions," in which American companies lower their tax bill by, simply put, relocating their legal corporate addresses overseas.

  • Treasury's inversion fix not enough?  Tuesday, 23 Sep 2014 | 8:16 AM ET

    Tony James, Blackstone president & COO, shares his thoughts on why the Treasury's move to curb tax inversions are not likely to deter companies from moving overseas.

  • 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.

  • 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.