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Treasury Department

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  • WASHINGTON, July 28- President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.

  • WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed several hundred transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.

  • WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.

  • How the 'Teflon euro' has stayed resilient Monday, 21 Jul 2014 | 11:34 AM ET
    Mario Draghi

    The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.

  • US companies sit at a crossroads on tax inversions Saturday, 19 Jul 2014 | 8:54 AM ET
    A Walgreens store on June 19, 2012 in San Francisco, California.

    U.S. Treasury Secretary Jack Lew highlighted the decision American companies face—stay domestic and pay taxes or go abroad for savings.

  • Corporate tax reform strategies  Friday, 18 Jul 2014 | 7:46 AM ET

    The Treasury Department is urging an end to tax inversions. Former Deputy Treasury Secretary Neal Wolin, weighs in.

  • Lew presses for sweeping business tax reform Wednesday, 16 Jul 2014 | 10:17 AM ET
    Treasury Secretary Jack Lew (l) talks with CNBC's Jim Cramer at the Delivering Alpha conference, July 16, 2014.

    The Treasury secretary also says the financial system, finally recovering from the recession, faces another perilous challenge: cyberattacks.

  • Did Lew throw Fed under the bus?  Wednesday, 16 Jul 2014 | 9:09 AM ET

    CNBC's Jim Cramer asks Treasury Secretary Jack Lew if it is appropriate for federal officials to comment on individual market movements.

  • Lew: Bilateral investment treaty good for US & China  Wednesday, 16 Jul 2014 | 9:06 AM ET

    Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about the evolution of trade agreements and the real power of China. Lew says the global economy depends on a good U.S. China relationship.

  • Act on tax inversion now: Lew  Wednesday, 16 Jul 2014 | 8:51 AM ET

    Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about corporate tax inversions.

  • Jack Lew on Chinese hacking and 'cyber hygiene  Wednesday, 16 Jul 2014 | 8:47 AM ET

    U.S. Treasury Secretary Jack Lew tells CNBC that cyber-security is no longer the sole responsibility of IT departments -- CEOs need to focus on 'cyber hygiene' as well. His comments came during an interview with CNBC's Jim Cramer at the Delivering Alpha conference on Wednesday.

  • Conversations with Cramer & Lew  Wednesday, 16 Jul 2014 | 8:45 AM ET

    In a wide-ranging conversation, Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about shoring up Internet safety, tax inversions, reforming GSEs, and hitting the U.S. debt ceiling.

  • Challenges of cybersecurity: Lew  Wednesday, 16 Jul 2014 | 8:33 AM ET

    Treasury Secretary Jack Lew, discusses how cyber intrusions are impacting and interrupting businesses and the U.S. financial systems.

  • Treasury's Lew targets cybersecurity  Wednesday, 16 Jul 2014 | 8:33 AM ET

    At CNBC's Delivering Alpha Conference, Treasury Secretary Jack Lew addresses the concerns of cyberattack on the financial world.

  • US could lose $20B from corporate tax inversions Tuesday, 15 Jul 2014 | 5:52 PM ET
    The statue of Albert Gallatin stands outside the U.S. Department of the Treasury building in Washington, D.C.

    An estimate from congressional research suggests the U.S. could miss out on billions from companies making acquisitions overseas.

  • U.S budget surplus falls to $71 billion in June Friday, 11 Jul 2014 | 2:00 PM ET

    WASHINGTON, July 11- The U.S. budget surplus was $71 billion at the end of June, down 39 percent from the same period last year, according to data released by the Treasury Department on Friday.

  • NEW YORK, July 1- The U.S. Treasury Department has just given a tax break and its blessings to retirement savers who want to buy long-term deferred annuities in their 401 and individual retirement accounts.

  • US records $130B budget deficit in May Wednesday, 11 Jun 2014 | 3:24 PM ET

    The U.S. reported a $130 billion deficit in May after a surplus in April, but this year's imbalance is on track to be the lowest in 6 years.

  • Iranian oil exports on course to blow past limits Tuesday, 3 Jun 2014 | 2:35 PM ET
    An oil tanker is seen off the port of Bandar Abbas, southern Iran.

    Iranian oil exports are running above the levels the Islamic Republic agreed to when sanctions were loosened.

  • Hiding money overseas is about to get even harder Tuesday, 3 Jun 2014 | 10:20 AM ET
    The Internal Revenue Service headquarters is shown in Washington, April 9, 2014.

    More than 77,000 foreign banks and financial institutions have agreed to share US tax information with the IRS.