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Famous consumer advocate Ralph Nader has renewed his efforts on behalf of common shareholders of bailed-out Fannie Mae and Freddie Mac, reports TheStreet.com.
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A controversial privacy breach involving Bloomberg data terminals has Wall Street & Washington buzzing. CNBC's Kayla Tausche looks into which firms are crying foul; and CNBC's Steve Liesman reports the Fed and Treasury Department are investing which top officials may have been tracked. (Disclosure: Bloomberg is a competitor of CNBC in reporting and distributing business news on the Web and on television.)
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*IRS put conservative groups under closer scrutiny. WASHINGTON, May 11- A senior U.S. Internal Revenue Service official knew in 2011 that IRS agents were giving extra scrutiny to conservative Tea Party groups, according to documents from a watchdog office obtained by Reuters on Saturday.
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*IRS gave conservative groups greater scrutiny. WASHINGTON, May 11- A senior Republican senator condemned the Internal Revenue Service on Saturday for singling out conservative political groups for extra scrutiny, while the IRS described the incident as isolated and not politically motivated.
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WASHINGTON, May 10- An investigation of the U.S. Internal Revenue Service was launched on Friday after a senior IRS official publicly apologized for subjecting conservative political groups to "inappropriate" scrutiny. "We would like to apologize for that," said Lois Lerner, director of the IRS tax-exempt office at an American Bar Association conference.
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May 10- More tax-related investigations and prosecutions were launched in 2012 than the year before, the U.S. Internal Revenue Service said on Friday, adding that the probes it launched were more likely to end in conviction.
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*IRS official apologizes for "inappropriate" targeting of groups. WASHINGTON, May 10- U.S. tax authorities' handling of applications for tax-exempt status from conservative political groups was under investigation, the White House said Friday after an IRS official apologized for "inappropriate" scrutiny of groups with " Tea Party" in their names.
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WASHINGTON, May 10- If the Internal Revenue Service targeted conservative Tea Party groups for special scrutiny as reported, that action would have been inappropriate and warrants consequences, White House spokesman Jay Carney said on Friday. "This matter is under investigation," Carney said at a briefing. "
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WASHINGTON, May 10- The United States posted its biggest monthly budget surplus in five years in April, the Treasury Department said on Friday, adding that revenues are running at a record high so far this year thanks to higher taxes and an improving economy.
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WASHINGTON, May 10- Republican lawmakers blasted the U.S. Internal Revenue Service on Friday after a top IRS official apologized for "inappropriate" targeting by the agency of applications for tax-exempt status from conservative political groups.
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WASHINGTON, May 10- U.S. tax auditors inappropriately targeted applications from conservative political groups seeking tax-exempt status, an Internal Revenue Service official acknowledged on Friday. Lois Lerner, director of the IRS tax-exempt office, said the practice was "was absolutely incorrect and it was inappropriate."
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In an exclusive interview, CNBC's Steve Liesman talks with Treasury Secretary Jack Lew about achieving a balance between austerity and growth in Europe, and concerns over Japan's monetary policy.
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CNBC's Steve Liesman shares highlights of his interview with Treasury Secretary Jack Lew, about Europe's economic problems and getting Congress and the White House to strike a deal on the budget.
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"Japan has growth issues for a long period of time," said Treasury Secretary Jack Lew, talking with CNBC's Steve Liesman, about the yen's depreciation.
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CNBC's Steve Liesman talks with Treasury Secretary Jack Lew, about arriving at a bipartisan compromise on the budget.
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CNBC's Steve Liesman talks with Treasury Secretary Jack Lew, about Europe's fiscal problems and the balance between austerity and growth.
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Jack Lew, U.S. Treasury secretary, says that the U.S. debt ceiling would not be reached until September, though he said it was not an excuse for Congress to relax.
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WASHINGTON, May 9- Fannie Mae, the biggest mortgage-finance company operating under government control, on Thursday said it would pay the U.S. Treasury Department $59.4 billion in dividends during the second quarter after recognizing tax benefits it had written down.
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His bill has little chance of winning approval in the Democratic-controlled Senate. Starting next year under FATCA, foreign banks, investment funds and other financial institutions will have to tell the U.S. Internal Revenue Service about Americans with accounts that are worth more than $50,000.
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WASHINGTON, May 6- The Treasury Department said on Monday it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector. GM executives have chafed under the tag of " Government Motors" since its 2009 government-sponsored bailout and bankruptcy that left the U.S.
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WASHINGTON, May 6- The Treasury Department said on Monday it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector. GM executives have chafed under the tag of " Government Motors" since its 2009 government-sponsored bailout and bankruptcy that left the U.S.