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Treasury Department

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  • Dow Gains 90 Points After Late Surge Wednesday, 25 Mar 2009 | 5:01 PM ET

    Stocks ended higher Wednesday as a surge in the final minutes of trading pushed all three indexes in positive territory.

  • Stocks Climb After Home-Sales Surprise Wednesday, 25 Mar 2009 | 10:50 AM ET

    Stocks advanced Wednesday after a pair of better-than-expected economic numbers. New-home slaes rose more than expected and durable-goods orders unexpectedly rose, snapping a six-month slide.

  • Pros Say: Bank Plan 'Bribes' Buyers with Cheap Financing Wednesday, 25 Mar 2009 | 10:20 AM ET
    Barack Obama

    Global stocks were mixed on Wednesday as the enthusiasm over the U.S. Treasury's plan to rid banks of up to $1 trillion in toxic assets was tempered by investors' second thoughts over how successful it could be.

  • Futures Rise After Jump in Durable Orders Wednesday, 25 Mar 2009 | 9:08 AM ET

    Futures advanced Wednesday after an unexpected rise in durable-goods orders snapped a six-month slide.

  • Obama Nudges Congress to Empower Regulatory Units Tuesday, 24 Mar 2009 | 1:30 PM ET
    Barack Obama

    President Barack Obama said Tuesday he hopes "it doesn't take too long to convince Congress" to approve new authority to oversee big, tottering financial firms.

  • Tim Geithner is looking to flex a little more muscle. On Tuesday he told Congress that he wants more authority.

  • Pros Say: US Economy Close to Bottom Tuesday, 24 Mar 2009 | 5:35 AM ET
    Treasury Secretary Timothy Geithner

    Global stocks soared again Tuesday after investors cheered the U.S. Treasury's plan to free banks of up to $1 trillion in toxic debt, part of an array of measures designed to jumpstart lending and the economy. Experts tell CNBC the U.S. economy may be close to a bottom.

  • 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.