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Treasury Department

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  • 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.

  • 'Unbanked' poor: Opening an account the hard part Monday, 12 May 2014 | 10:30 AM ET
    When she went off to college, then 18-year-old Luann Algoso applied for several credit cards and ran up considerable debt, resulting in her bank account being closed when she was 21.

    Clawing back and becoming "rebanked" is a daunting task for poor Americans, since the alternative is an expensive burden on already-strained finances.

  • Geithner: I told you so on tax-driven megamergers Monday, 12 May 2014 | 8:39 AM ET
    Timothy Geithner

    Geithner tells CNBC the foreign merger situation showed the need for the administration's 2012 corporate tax reform plan that failed to win support.

  • WASHINGTON, May 9- Hong Kong has reached an information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans, the U.S. Treasury Department said on Friday.

  • ST LOUIS/ NEW YORK, May 9- A U.S. Treasury Department division charged with policing money laundering may have run afoul of federal regulations that require military veterans to be given preference for jobs in the government if they are qualified, according to sources and documents seen by Reuters.

  • LOS ANGELES, May 9- The U.S. Treasury Department has admitted for the first time that the U.S. government is technically capable of prioritizing payments if Congress triggers a default crisis by failing to raise the country's borrowing authority.

  • ST LOUIS/ NEW YORK, May 9- A U.S. Treasury Department division charged with policing money laundering may have run afoul of federal regulations that require military veterans to be given preference for jobs in the government if they are qualified, according to sources and documents seen by Reuters.

  • TREASURIES-Long bond adds to post-auction losses Friday, 9 May 2014 | 10:16 AM ET

    NEW YORK, May 9- U.S. "There's a little bit of profit-taking," said Kim Rupert, managing director at Action Economics in San Francisco. Thursday's 30- year auction, the last of three this week by the Treasury Department selling $69 billion of new debt, came with a high yield of 3.440 percent.

  • 5 takeaways from Geithner and the financial crisis Thursday, 8 May 2014 | 4:46 PM ET
    U.S. Secretary of the Treasury Timothy Geithner testifies during a hearing July 25, 2012 on Capitol Hill in Washington.

    Andrew Ross Sorkin reflects on the major takeaways from his recent interviews with former Treasury Secretary Timothy Geithner.

  • WASHINGTON/ SINGAPORE May 6- Singapore has reached a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans, a U.S. Treasury Department spokeswoman said on Monday.

  • May 2- The U.S. Treasury Department said on Friday that the Internal Revenue Service this year and next will take into account "good faith efforts" by foreign banks to comply with a new U.S. anti-tax evasion law set to take effect on July 1.

  • NEW YORK/ ST LOUIS, May 2- The U.S. Treasury Department has frozen all recruitment by its anti-money laundering arm and forced the agency to rescind 11 job offers, after an investigation found it violated the federal employment code during an aggressive hiring push, according to several government officials.

  • WASHINGTON, May 1- Israel has become the latest country to reach a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans, a U.S. Treasury Department spokesperson said on Thursday.

  • Treasury sounds alarm over student loans     Thursday, 1 May 2014 | 4:50 PM ET

    The government is taking a close look at the student loan situation and how it relates to the cost of college, reports CNBC's Sharon Epperson.

  • Pritzker says tax code 'top of mind'     Thursday, 1 May 2014 | 11:54 AM ET

    Commerce Secretary Penny Pritzker addresses current economic conditions, and the U.S. tax code, at the U.S. Treasury Global Women in Finance Symposium today in Washington, with CNBC's Sara Eisen.

  • Obama advisor optimistic on job growth     Thursday, 1 May 2014 | 10:32 AM ET

    The U.S. Treasury is hosting the Global Women in Finance Symposium today in Washington. CNBC's Sara Eisen asks White House senior advisor Valerie Jarrett about progress in private sector job creation since President Obama took office.