The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.» Read More
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.
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.
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.
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.
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.
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.
The U.S. Treasury is hosting the Global Women in Finance Symposium today in Washington. CNBC's Sara Eisen reports from the Treasurer's office.
WASHINGTON, April 30- A former Swiss banker pleaded guilty on Wednesday to helping U.S. clients avoid taxes, according to documents filed in a federal court. Swiss citizen Josef Dorig, 72, pleaded guilty to one count of conspiracy to defraud the Internal Revenue Service, according to documents filed in U.S. District Court in Alexandria, Virginia.
WASHINGTON- The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
The Obama administration is focused on finding ways to curb tax-motivated reincorporations to other countries by U.S. businesses.
The $11.2 billion loss includes a write-off in March of the government's remaining $826 million investment in 'old' GM, a Treasury watchdog said.
WASHINGTON, April 30- The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
LONDON, April 18- The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as European sales jumped, after the U.S. tax authority tightened rules it felt were being abused to shift profits.
April 17- The U.S. Treasury Department is forming a new unit to monitor the municipal bond market, the Wall Street Journal reported, citing a Treasury official.
April 16- CBS Corp said on Wednesday that the Internal Revenue Service gave a favorable ruling to the company's plan to convert its outdoor advertising subsidiary, CBS Outdoor Americas Inc, into a real-estate investment trust. Media conglomerate CBS holds an 81 percent stake in CBS Outdoor, which went public in late March.