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Treasury Department

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  • Toxic Plan, Will It Work? Monday, 23 Mar 2009 | 5:50 PM ET

    On Monday, the Obama administration made another aggressive move in their attempts to spark an economic recovery.

  • The Federal Reserve should play a "central role" in preventing future financial crises like the one now gripping the country.

  • On Monday the Treasury rolled out detailed plans to soak up $1 trillion in toxic assets  -- an initiative that's widely believed to be a key element to economic recovery.

  • Farrell: Time To Give Ben Credit Monday, 23 Mar 2009 | 11:26 AM ET
    Vince Farrell

    Plenty has gone wrong for Ben Bernanke lately, but give the man credit. He does not stop. When all of Washington wigged out about AIG bonuses and tried to figure out the politically expedient way to parley the hand into the next election, Ben went all in and kept trying to save the system.

  • Read the Treasury's Public-Private Investment Plan Monday, 23 Mar 2009 | 8:44 AM ET

    The Treasury Department unveiled the details of its public-private investment program Monday, as part of its financial stability plan, which it says will help lay the foundations for economic recovery.

  • Pros Say: Fed's Plans Will Make Crisis Worse Monday, 23 Mar 2009 | 8:36 AM ET
    Treasury Secretary Timothy Geithner

    Global stocks were up Monday as anticipation of the details of US Treasury Secretary Timothy Geithner's plans to buy up toxic assets boosted investor sentiment. But experts are concerned that the methods the US is using are not going to help the economy.

  • Ross: Due Diligence Integral to Success of US Plan Monday, 23 Mar 2009 | 12:55 AM ET

    The U.S. Treasury detailed Monday its plan to purge banks of toxic assets with the help of private investors, a key part of Washington's drive to pull the world's biggest economy out of severe recession.

  • Geithner's Job at Treasury Safe, Obama Says Saturday, 21 Mar 2009 | 5:03 PM ET
    Treasury Secretary Timothy Geithner

    1st paragraph of story should go here

  • AIG Gives Staff Deadline on Bonus Payback Decision Friday, 20 Mar 2009 | 7:16 PM ET
    Aig Headquarters

    Management at American International Group's financial products unit asked its employees to let the unit know by 5 p.m. on Monday if they plan to return all or part of the bonuses they got under an employee retention program, said the Wall Street Journal, citing a person familiar with the matter.

  • Better Hide Your Badge, AIG Tells Employees Friday, 20 Mar 2009 | 4:43 PM ET
    Aig Headquarters

    AI G's corporate security advised employees to take measures to increase their safety and security due to "a growing sense of public attention fueled by increased media scrutiny."

  • Geithner Under Fire, Again! Thursday, 19 Mar 2009 | 6:49 PM ET

    Once again, Treasury Secretary Timothy Geithner is coming under fire – this time for comments made during a recent TV interview.

  • Can a crisis that started because of excess credit be solved with more debt?

  • Obama Officials Sought To Keep AIG Bonuses: Dodd Wednesday, 18 Mar 2009 | 7:02 PM ET
    Sen. Christopher Dodd

    In a stunning development, Sen. Christopher Dodd told CNN that Obama officials asked him to add language to last month's stimulus bill to keep AIG bonuses in place.

  • Fed's Surprise Move Sends Markets a Mixed Message Wednesday, 18 Mar 2009 | 3:49 PM ET

    The Fed’s decision to buy long-term Treasurys was viewed as mostly positive by the markets but it is also probably a bad statement about the economy

  • AIG Chief Liddy Faces Congressional Grilling Wednesday, 18 Mar 2009 | 6:43 AM ET
    Edward Liddy

    American International Group chief executive Edward Liddy faces tough questions Wednesday on Capitol Hill when he will testify before the House Financial Services Committee on how taxpayers' money poured into the insurance giant has been spent.

  • Yoshikami: The Government Bond Stampede Wednesday, 18 Mar 2009 | 2:45 AM ET
    Global Markets

    Seems like everybody nowadays is interested in buying government bonds, but the reasons differ depending on who you are. The Bank of Japan announced they would increase the purchases of their own sovereign debt following in the footsteps of the Bank of England who also stated they would purchase gilts.

  • Declare War On Greed—It Worked With Terror Tuesday, 17 Mar 2009 | 12:00 PM ET
    AIG Headquarters

    The President should declare a war on greed, like the war on terror, which would help us solve all sorts of problems, including fat bonuses for financial wizards at companies like AIG.

  • Baccardax: The (US)A — to — Z(EW) of Recovery Tuesday, 17 Mar 2009 | 9:27 AM ET

    Call it what you will: an act of rebellion; blind myopia; a cry for help … but I'm actually starting to believe in the global recovery story.

  • Treasurys Are 'Disaster Waiting to Happen': Dr. Doom Tuesday, 17 Mar 2009 | 5:49 AM ET

    The Federal Reserve has no option but to start buying Treasurys as the government's needs for financing are huge, but the government bond market is a disaster in the making, Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC.

  • The Bernanke 60 Minutes interview lived up to billing with his comments that the country has avoided a Depression lifting market averages this morning.