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Treasury Department


  • Stop Trading!: Geithner’s Live-or-Die Stress Test Friday, 13 Feb 2009 | 3:50 PM ET

    As brutal as it sounds, Cramer says, not every bank will make it.

  • Awaiting Treasury, Banks Stall Foreclosures Friday, 13 Feb 2009 | 12:38 PM ET

    As precious few details emerge from the Treasury department on the $50 billion housing rescue plan, the big banks are temporarily halting foreclosures.

  • All Roads (And Trades) Lead To Rome Friday, 13 Feb 2009 | 9:27 AM ET

    Yesterday's late-day spike as Mr. Lockhart floated a trial balloon of help for home owners is, according to the few bulls around, a sign that there is just as much risk on the upside as the downside.

  • Ailing Banks May Require More Aid to Keep Solvent Friday, 13 Feb 2009 | 5:35 AM ET

    Some of the nation’s large banks, according to economists and other finance experts, are like dead men walking, the New York Times reported.

  • Pros Say: Let Banks Fail Friday, 13 Feb 2009 | 4:58 AM ET

    Friday the 13th proved lucky for global stocks as the spent the day in the green. Financials lead the gains on news of a US subsidy plan for mortgage payments. The improved mood among investors comes ahead of this weekend's G7 meeting of financial leaders.

  • Pros Say: Stimulus Plan is 20% Baggage Thursday, 12 Feb 2009 | 5:02 AM ET

    Global stocks spent another day in the red Thursday as investors questioned whether the $789 billion US stimulus package will restart the economy.

  • Economy On Clock As Geithner Fumbles Wednesday, 11 Feb 2009 | 6:08 PM ET

    It appears investors are fairly under whelmed by the new plan to bailout banks. And we spoke with one of Geithner’s toughest critics.

  • New TARP Reporting Form May Shed Light On Lending Wednesday, 11 Feb 2009 | 2:02 PM ET

    The Treasury Department will soon release documents providing information about the lending activities of the biggest 20 financial firms receiving government aid under the controversial program.

  • NY Reps To Geithner: Don't Kill Citi-Mets Stadium Deal Wednesday, 11 Feb 2009 | 1:42 PM ET

    CNBC has obtained a letter signed by six house Representatives from New York State sent to Timothy Geithner, asking the Treasury Secretary to disregard the call for Citigroup to break its 20-year, $400 million investment for the naming rights to the New York Mets stadium.

  • Pros Say: Bypass Treasurys, Buy Corporate Bonds Wednesday, 11 Feb 2009 | 4:58 AM ET

    Global stocks were lower Wednesday as investors were disappointed by the lack of clarity in new US Treasury Secretary Timothy Geithner's financial rescue plan. Experts tell CNBC that during the economic slowdown and market uncertainty, the bond market is the place to invest.

  • Did Washington Change Anything? Tuesday, 10 Feb 2009 | 6:36 PM ET

    Lawmakers made big moves Tuesday to spark life into the economy and restore health to banks. But will anything really change?

  • Five Reasons the Markets Don't Like the Bank Bailout Tuesday, 10 Feb 2009 | 4:59 PM ET
    NYSE trader

    "I'm really underwhelmed by the plan," says one market pro. "Maybe there's not much that can be done right now other than let this work itself out."

  • OK, That's Your Plan—Now Where's The Money? Tuesday, 10 Feb 2009 | 4:21 PM ET

    Critics say the financial-aid plan doesn't offer a convincing strategy on toxic assets and leaves funding unclear.

  • Mr. Geithner Bombs In His Debut Tuesday, 10 Feb 2009 | 4:04 PM ET

    Secretary Geithner gave his long-awaited speech, speaking of the need to fund new buying of asset-backed securities, of helping private equity purchase old assets through a public/private investment fund, of foreclosure mitigation, and a new capital infusion into banks that pass a "stress test."

  • Geithner Defends Bailout, Says Fix Will Take Time Tuesday, 10 Feb 2009 | 3:59 PM ET
    Treasury Secretary Timothy Geithner

    Treasury Secretary Tim Geithner defended his newly announced financial bailout plan, telling CNBC that "the financial crisis is enormously complicated" and will take time to resolve.

  • Remarks by Treasury Secretary Tim Geithner Tuesday, 10 Feb 2009 | 11:59 AM ET
    Treasury Secretary Timothy Geithner

    Below is the full speech by Treasury Secretary Timothy Geithner:

  • Geithner Unveils New Plan To Bail Out US Banks Tuesday, 10 Feb 2009 | 11:45 AM ET

    Treasury Secretary Geithner unveiled a revamped financial rescue plan to clean up to $500 billion in bad assets and support $1 trillion in new lending

  • Financial Plan To Focus on Consumer, Business Aid Tuesday, 10 Feb 2009 | 10:20 AM ET

    The Treasury's latest financial-rescue plan is expected to use a variety of methods to take bad assets off of banks' books, including encouraging private firms to buy up the toxic debt, sources told CNBC.

  • Financial Rescue to Focus On Shedding Bad Assets Tuesday, 10 Feb 2009 | 6:22 AM ET
    Uncle Sam taking money out of your wallet

    The Treasury's latest financial-rescue plan is expected to use a variety of methods to take bad assets off of banks' books, including encouraging private firms to buy up the toxic debt, sources told CNBC.

  • Government Bonds May Be Last Bubble: Jim Rogers Tuesday, 10 Feb 2009 | 5:59 AM ET

    Investors will have to short government bonds at some point despite their current attraction, as the amount of debt issued is "staggering" and inflation risks are down the road, Jim Rogers, CEO of Jim Rogers Holdings, told CNBC Tuesday.