Jim McCaughan, CEO at Principal Global Investors says the Fed has been on the right track and very transparent about its plans.» Read More
NEW YORK, April 24- U.S. The U.S. Treasury Department sold $35 billion in new five-year notes in the afternoon.
*Hopes for new Italy government spur early bond sales. The U.S. Treasury Department will sell $35 billion in new five-year notes at 1:00 p.m., following average results at a two-year note sale on Tuesday.
WASHINGTON, April 19- The U.S. Internal Revenue Service will close its taxpayer assistance centers and taxpayer telephone services on May 24, June 14, July 5, July 22 and August 30 due to federal budget cuts, the tax-collecting agency said on Friday.
April 17- BNY Mellon Corp said on Wednesday that first-quarter revenue fell 1 percent as the world's largest custody bank reported a loss due to a high-stakes tax battle with the U.S. Internal Revenue Service. BNY Mellon's net loss of $266 million, or 23 cents a share, reflected a U.S.
The so-called U.S.- China strategic and economic dialogue, an annual high-level forum, will be held in the week of July 8-12 in Washington, the Treasury Department said. Kerry has been meeting with China's leaders in Beijing this week, and the two countries agreed to make a joint effort to push for the peaceful denuclearization of the Korean peninsula.
WASHINGTON, April 11- The U.S. Treasury Department said on Thursday it has imposed sanctions on an Iranian businessman, a Malaysian bank and a network of companies it accused of attempting to evade international sanctions on Iran through money laundering.
WASHINGTON, April 11- The U.S. Treasury Department said on Thursday it has targeted an Iranian businessman, a Malaysian bank and a network of companies accused of attempting to evade international sanctions on Iran through money laundering.
The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.
*Hearing on Wednesday will tap into whistleblower frustration. April 9- Seven years after Congress passed a new whistleblower law for the Internal Revenue Service, the U.S. tax-collecting agency stands accused of not doing enough, or of not acting swiftly enough, to reward informants who expose tax improprieties.
*IRS to be paid $101.9 million. April 8- Ambac Financial Group Inc on Monday said it has reached a $101.9 million settlement of a dispute with the Internal Revenue Service, a key step in the bond insurer's effort to emerge from bankruptcy.
CNBC's Kelly Evans reports the scheduled meeting between U.S. Treasury Secretary Jack Lew and the French Finance Minister has been called off.
NEW YORK, April 8- Tax day this year falls on a Monday, making it all the more enticing for procrastinators to attempt to cram in all their accounting on the weekend prior. If this is your plan, you have a little bit of an excuse: The tax season started slowly as the Internal Revenue Service reworked many forms, as required by the year-end tax changes.
This is the Treasury Secretary's second international trip, reports CNBC's Kelly Evans, as European shares rebound and investors look ahead to a week of high profile meetings between European leaders and officials.
WASHINGTON, April 3- The U.S. Internal Revenue Service and 3 M Co are fighting over royalty payments from the company's Brazilian unit to its U.S. headquarters in a case that highlights how tax complications often emerge from doing business in Brazil.
A close look at one story of a couple who are victims of tax refund fraud, with CNBC's Scott Cohn.
WASHINGTON, March 28- The U.S. Internal Revenue Service on Thursday broadened a crackdown on tax related identity theft to include all 50 states, allowing local law enforcement officers limited access to IRS documents. Under the IRS program, police can gain some access to potentially fraudulent tax returns to use as evidence in the prosecutions.
WASHINGTON, March 25- The U.S. Treasury Department said Cyprus' last-ditch agreement with international lenders could help avert an economic meltdown, adding that it protects insured depositors and shutters troubled banks.
WASHINGTON, March 25- The U.S. Treasury Department welcomed Cyprus' last-ditch agreement with international lenders to avoid economic meltdown, saying it was important to protect insured depositors and shutter troubled banks.
ST. LOUIS, March 22- The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions.
WASHINGTON, March 21- Requiring life insurers and banks to report some tax transactions to the U.S. Internal Revenue Service was among tax reform options included in a discussion draft circulated among U.S. Senate tax writers and obtained by Reuters on Thursday.