Topic: Treasury Department

China can now bypass Wall Street when buying U.S. government debt and go straight to the Treasury in what is the Treasury's first-ever direct relationship with a foreign government.

President Barack Obama's nominee to be the top tax official at the U.S. Treasury Department said that the administration is not actively working on a plan to revamp the tax code.

The U.S. Treasury on Monday said it is trimming its ownership stake in American International Group to 61 percent from 70 percent by selling more shares of the insurer's common stock.

The U.S. Treasury has agreed to cut its ownership stake in American International Group to 63 percent by selling 163.9 million shares for approximately $5 billion, with the insurer agreeing to buy back about $2 billion worth.

The Treasury Department announced plans for a public offering of AIG stock and said AIG has indicated that it intends to purchase up to $2 billion of the common stock sold.

U.S. Treasury Secretary Timothy Geithner said China is strong enough to handle the economic and financial reforms that the United States seeks.

The U.S. Treasury Department sees a strong market for floating-rate notes, but is putting off a decision for now on selling them, a senior official said on Wednesday.

Treasury Secretary Timothy Geithner says the US is willing to open up its markets to China if Beijing makes progress on issues that concern the United States.

Geithner expressed confidence in U.S. economy despite Europe's woes, slammed Mitt Romney's approach to China policy and dismissed as "remarkably hackish" a Romney adviser's critique of President Obama's tax policy.

The chief executives of GM, AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the U.S. Treasury Department.

The United States is becoming more competitive with China as more companies see fewer benefits of moving their investments offshore, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

A third round of Treasurys purchase is not necessary unless the U.S. economy deteriorates further, according to James Bullard, president of St Louis Federal Reserve Bank.

The US Treasury Department said AIG has repaid taxpayers $1.5 billion, more than a year ahead of schedule.

The selloff in Treasurys will drive more money into equities, with a third of that likely to go into emerging market stocks, Mark Mobius, Executive Chairman of Templeton Emerging Market Group told CNBC on Tuesday.

An unpredictable market, rising fuel prices, and growing concern that inflation may trend higher as the economic recovery takes hold. Enter: Treasury Inflation-Protected Securities.