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Treasury Department

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  • Obama's Economic Circle Keeps Tensions Simmering Monday, 8 Jun 2009 | 10:35 AM ET
    Lawrence Summers, Director of President Barack Obama's National Economic Council

    As the president’s advisers have struggled with the economic crisis, Lawrence H. Summers is often at the center of heated debates.

  • Stocks Open Lower as Dollar Soars, Banks Drop Monday, 8 Jun 2009 | 9:44 AM ET

    Stocks opened lower Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Fed may raise rates at its next meeting.

  • Futures Fall as Dollar Soars, Banks Drop Monday, 8 Jun 2009 | 8:07 AM ET

    Futures pointed to a lower open for Wall Street Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Federal Reserve may raise rates at its next meeting.

  • Yoshikami: The Long Bond Disaster Sunday, 7 Jun 2009 | 7:42 PM ET

    Investors are reeling from the latest investment bubble to burst — long-term Treasury bonds. With mutual fund managers and investors absorbing losses of more than 15% on supposedly safe assets, this highlights the perils in fear-based investing.

  • Week Ahead: Watching the 'Recovery Trade' Friday, 5 Jun 2009 | 8:35 PM ET
    New York Stock Exchange

    The stock market's rally could face a critical test in the coming week as the "recovery trade" plays out across financial markets.

  • Busch: Coming To Their Fed Senses? Thursday, 4 Jun 2009 | 1:47 PM ET
    Andrew Busch

    Yesterday and today, we have members of the Federal Reserve hitting the airwaves with consistent warnings over the US fiscal state.

  • Plan to Help Banks Clear Their Books Halted Thursday, 4 Jun 2009 | 1:02 PM ET

    The Federal Deposit Insurance Corporation indefinitely postponed a central element of the Obama administration’s bank rescue plan on Wednesday, acknowledging that it could not persuade enough banks to sell off their bad assets.

  • Cramer: Is Wishy-Washy Washington Hurting Banks? Wednesday, 3 Jun 2009 | 3:27 PM ET

    Plus, Cramer makes the call on steels, coal and more.

  • Farrell: Timmy And Guo Are Playing Nicely Wednesday, 3 Jun 2009 | 9:22 AM ET
    Vince Farrell

    I do like to kid Treasury Secretary Geithner, but in reality I think he has done a credible job under very difficult circumstances.

  • GM: History of An Automaker Monday, 1 Jun 2009 | 3:12 PM ET

    As General Motors prepares to celebrate its 100th anniversary and faces possible bankruptcy, here are some key events in the giant automaker's history:

  • President Barack Obama

    President Obama couldn't let General Motors fail, but he won't concede he's taking over the company.

  • Farrell: Tug of War Monday, 1 Jun 2009 | 8:52 AM ET
    Vince Farrell

    There is a tidal wave of government bonds coming to market the next few years. Estimates are for $2 trillion a year for at least the next two years. So on the one side of the pit over which a good tug of war is waged is the Treasury offering a ton of bonds for sale. On the other side is the Federal Reserve offering to buy $300 billion of that debt in the hope that it will keep interest rates down. Doesn't sound like a fair fight.

  • Week Ahead: Stock Gains May Be Harder to Come By Friday, 29 May 2009 | 9:36 PM ET
    A New York Stock Exchange trader.

    The trend for stocks is higher, yet gains in June may be harder to come by unless economic data perks up.

  • Stocks Gain 4.1% in May; GM Now at 75 Cents Friday, 29 May 2009 | 6:49 PM ET

    Stocks capped a winning month with a 1-percent rally Friday as traders squeezed in a few last-minute trades to close out the month of May.  Investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell ended higher after beating its earnings target. GM ended at 75 cents a share.

  • Kudlow: US Now Owns GM, But Won't Get Paid Back Friday, 29 May 2009 | 6:34 PM ET

    Get ready folks: America is about to own a car company. As of Monday, we the taxpayers will own more than 70 percent of GM. Whether the company will be formally renamed Government Motors remains to be seen. But that’s what it will be.

  • Stocks Try to Claw Back; GM Below $1 Friday, 29 May 2009 | 3:23 PM ET

    Stocks made another break higher Friday as investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.

  • GM Bailout Has Future Tax Break Worth Billions Friday, 29 May 2009 | 3:02 PM ET
    General Motors Headquarters

    The government bailout of General Motors includes a valuable prize for the ailing carmaker: a tax break that could save GM and its future investors more than $12 billion.

  • Stocks Lose Confidence; GM Below $1 Friday, 29 May 2009 | 11:46 AM ET

    Stocks wobbled Friday as investors were encouraged by a jump in consumer sentiment less-bad GDP report but still remained a bit jittery. Dell shot out of the gate after beating its earnings target but other techs were slow to follow.  GM fell below $1.

  • Futures Rise After GDP Report Friday, 29 May 2009 | 8:55 AM ET

    Stock index futures indicated a higher open for Wall Street Friday after the latest GDP report showed the economic decline began to slow in the first quarter.

  • Stocks Jump Over 1% Amid Relief After Auction Thursday, 28 May 2009 | 5:28 PM ET
    Question Marks

    Stocks ended higher Thursday as crude prices climbed after an inventory pare-down and the results of the Treasury bond auction eased concerns about government debt.