Treasury Department


  • The additional sanctions target three companies as well as 10 North Korean government officials, including individuals working in Iran, Syria, China, Russia and Namibia, according to the Treasury Department.

  • WASHINGTON, Dec 19- President Barack Obama on Friday said he would ban exports of goods, technology or services to Ukraine's Crimea region, and called on Russia to end its annexation of the region. Obama also authorized the Treasury Department to impose sanctions on individuals and companies operating in the region. In a statement, Obama said his order "is...

  • Treasury sells entire Ally stake, ends auto rescue Friday, 19 Dec 2014 | 10:29 AM ET
    In this April 10, 2014 file photo, Ally Financial CEO Michael Carpenter, third from right, is applauded as he rings the New York Stock Exchange opening bell to mark his company's IPO.

    The U.S. Treasury is winding down its auto industry recovery program by selling the last of its stake in Ally Financial.

  • Dec 18- The U.S. Treasury Department will sell its remaining 54.9 million shares of Ally Financial Inc acquired under the government's bailout of the auto lender, Ally said on Thursday. The stake is worth about $1.25 billion, based on Ally's Thursday closing price of $22.75 on the New York Stock Exchange. Ally also said in the regulatory filing it had agreed to...

  • Dec 18- U.S. banks will be able to do more business in Cuba after the United States and the island nation agreed to restore diplomatic ties, but trade groups said their members will be slow to ramp up operations, fearing big penalties for mistakes. The U.S. Treasury Department said it expects to ease its sanction rules for banking in Cuba in the coming weeks.

  • 'Perfect storm' pressures Russian economy: Lew   Thursday, 11 Dec 2014 | 8:47 AM ET
    'Perfect storm' pressures Russia's economy: Sec. Lew

    CNBC's Andrew Ross Sorkin sits and Treasury Secretary Jack Lew discuss Russia's oil woes amid U.S. sanctions.

  • Lower oil prices like tax cut: Sec. Lew   Thursday, 11 Dec 2014 | 8:44 AM ET
    Lower oil prices like tax cut: Sec. Lew

    CNBC's Andrew Ross Sorkin sits down with Treasury Secretary Jack Lew to discuss how the drop in oil prices is impacting the economy. When you look at the oil sector you need to look at it in two parts - shale and traditional drilling. Also Lew shares his thoughts on President Obama's clean energy initiatives.

  • WASHINGTON, Dec 10- The U.S. Treasury Department will begin asking foreign governments and central banks to report large holdings of U.S. federal debt, the Obama administration said on Wednesday. The policy was announced in a rule published in the Federal Register and takes effect on March 10. More recently, analysts have scratched their heads over Treasury data...

  • Stronger economy helps trim U.S. budget deficit Wednesday, 10 Dec 2014 | 2:00 PM ET

    WASHINGTON, Dec 10- The U.S. federal budget deficit narrowed in November, helped by a strengthening economy that boosted tax receipts during the month, Treasury Department data showed on Wednesday. Washington spent $56.8 billion more than it took in last month, which was less than half the deficit in November of 2013. It was also narrower than analysts'...

  • WASHINGTON, Dec 10- The U.S. Treasury Department will require foreign governments and central banks to report large holdings of U.S. federal debt, the Obama administration said on Wednesday. The new rule was published in the Federal Register and takes effect on March 10. Foreign central banks and governments were exempt from the reporting requirements,...

  • Cramer Remix: The perfect Christmas gift stock Friday, 5 Dec 2014 | 7:17 PM ET
    Jim Cramer on Mad Money.

    Wrap it up and put on a bow, "Mad Money" host Jim Cramer thinks these stocks belong under the tree.

  • Cramer's story of a big pharma comeback Friday, 5 Dec 2014 | 6:22 PM ET
    A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange, July 18, 2014.

    Jim Cramer reflects on AbbVie's decision to drop the biggest merger of the year—and yet, this stock is still on fire.

  • WASHINGTON, Dec 4- The Obama administration said on Thursday it would be irresponsible to end government stewardship of the country's biggest mortgage finance firms without legislation from Congress. The comments from a senior Treasury Department official knocked down speculation the administration could eventually release housing finance giants...

  • Lew made the remarks in a meeting with Democrats in the House of Representatives, an official with the Treasury Department said.

  • Nov 20- Casino operator Wynn Resorts Ltd said it was not aware of any investigation after the Wall Street Journal reported that the company is being probed by U.S. federal authorities for possible violation of money-laundering laws. The Internal Revenue Service sent a letter to Wynn's outside lawyer Donald Campbell requesting information on the company's...

  • U.S. budget deficit at $122 billion in October Thursday, 13 Nov 2014 | 2:00 PM ET

    WASHINGTON, Nov 13- The U.S. had a budget deficit of $122 billion in October, up 34 percent from the same period last year, according to data released by the Treasury Department on Thursday. Analysts polled by Reuters had expected a $111.7 billion deficit for last month. Last month's deficit was the largest for the month of October since 2011, according to a Treasury...

  • WH net neutrality push: Key points   Monday, 10 Nov 2014 | 10:14 AM ET
    WH net neutrality push: Key points

    CNBC's Eamon Javers runs through the key points of a statement released by the White House on net neutrality.

  • Cable stocks slide on White House statement   Monday, 10 Nov 2014 | 9:31 AM ET
    Cable stocks slide on White House statement

    CNBC's Jim Cramer weighs in on the hit to cable stocks after President Obama made comments about net neutrality.

  • NEW YORK, Nov 6- Investors and bankers have been lamenting the potential death of large cross-border healthcare mergers since the U.S. Treasury Department announced in late September that it would curtail the tax breaks from international deals designed to give U.S. companies a legal home in a low-tax country. Now many bankers and investors expect companies...

  • Oct 29- More than 40 million Americans earn money while driving around in their cars, making them eligible for a valuable business mileage deduction from the Internal Revenue Service. "Getting a lot of round numbers means people either aren't tracking or are rounding," says P.J. Wallin, 33, a certified public account from Richmond, Virginia. Bill Nemeth, an enrolled...