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Government Agencies Treasury Department

  • WASHINGTON/ HOUSTON, July 20- Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft. The U.S. Treasury Department on Thursday morning slapped the world's largest publicly traded oil producer with the fine for "reckless disregard"...

  • WASHINGTON— The Latest on the United States punishing Exxon Mobil for violating U.S. sanctions on Russia with a $2 million fine:. Exxon Mobil is suing the U.S. government to stop a $2 million fine on the oil giant for violating U.S. sanctions on Russia. The Treasury Department says it is slapping Exxon Mobil Corp. with a $2 million fine for violating Russia sanctions...

  • WASHINGTON, July 20- The U.S. Treasury Department on Thursday said it was fining global oil company Exxon Mobil Corp $2 million for violating sanctions on Russia in May 2014. The heads of the company's U.S. subsidiaries signed eight documents between May 14 and May 23, 2014 with Igor Sechin, the head of Russia's largest oil producer, Rosneft, Treasury's Office of...

  • WASHINGTON— Exxon Mobil Corp. must pay a $2 million fine for showing "reckless disregard" for U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant's CEO, the Treasury Department said Thursday. The U.S. blacklisted Sechin, Tillerson's longtime business associate, as part of its response to Moscow's actions in Ukraine and annexation of...

  • WASHINGTON, July 20- The U.S. Treasury Department on Thursday announced a civil penalty against Exxon Mobil Corp and its U.S. subsidiaries for violating sanctions regulations related to Ukraine in May 2014, fining the global oil company $2 million. Treasurys Office of Foreign Assets Control found ExxonMobil had not voluntarily self-disclosed the...

  • President Donald Trump sits in a fire truck while participating in a Made in America event, with companies from 50 states featuring their products, on the South Lawn of the White House in Washington on Monday, July 17, 2017.

    Wall Street should right-size its expectations about what this all-Republican government is likely to achieve: not very much.

  • WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills climbing to their highest level in more than eight years while rates on six-month bills declined. The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 1.050 percent, up from 1.040 percent last week.

  • Treasuries at the fastest rate since 2009 over the past month, possibly on expectations that rules requiring them to hold high-quality assets will be relaxed, TD Securities said in a report on Friday. The amount of U.S. government bonds held by banks declined by $39 billion in the past four weeks, after the U.S. Treasury Department on June 12 released suggested...

  • The Treasury Department said Thursday the June deficit totaled $90.2 billion compared to a surplus in June 2016 of $6.3 billion. Through the first nine months of this budget year, the deficit totals $523.1 billion, up from a deficit of $399.2 billion during the same period a year ago. The Congressional Budget Office released an updated forecast last month that...

  • WASHINGTON— Randal Quarles, who served in top Treasury Department positions under two Republican presidents, has been nominated by President Donald Trump to take a key position on the Federal Reserve board in charge of overseeing the banking system. The brief announcement gave no indication of when the administration might fill the other two vacancies on...

  • President Donald J. Trump (R) and Secretary of Treasury Steven Mnuchin (L) walk out of the Treasury Department after a financial services Executive Order signing ceremon on April 21, 2017 in Washington, DC.

    The Treasury Department is considering rewriting an Obama-era regulation dealing with earnings stripping.

  • Treasury sanctions China bank and individuals

    CNBC's Eamon Javers reports the latest on sanctions against a Chinese bank for illicitly helping fund North Korea.

  • A Terminal High Altitude Area Defense (THAAD) interceptor is launched during a successful intercept test, in this undated handout photo provided by the U.S. Department of Defense, Missile Defense Agency.

    CNBC's John Harwood and Ylan Mui report the highlights of Treasury Secretary Steven Mnuchin's comments on sanctions against a Chinese bank and individuals for facilitating financial transactions for North Korea.

  • Treasury Secretary Steven Mnuchin: We will talk with G20 counterparts on North Korea

    Treasury Secretary Steven Mnuchin answers questions at the White House press briefing about new sanctions against a Chinese bank and individuals for facilitating financial transactions for North Korea.

  • Treasury Secretary Steven Mnuchin: Comfortable that we will hit growth projections

    Treasury Secretary Steven Mnuchin answers questions at the White House press briefing about new sanctions against a Chinese bank and individuals for facilitating financial transactions for North Korea.

  • Treasury Secretary Steven Mnuchin: Economic issues will never be put ahead of safety

    Treasury Secretary Steven Mnuchin answers questions at the White House press briefing about new sanctions against a Chinese bank and individuals for facilitating financial transactions for North Korea.

  • Treasury Secretary Steven Mnuchin: Obamacare was a giant tax hike on the economy

    Treasury Secretary Steven Mnuchin answers questions at the White House press briefing about new sanctions against a Chinese bank and individuals for facilitating financial transactions for North Korea.

  • Treasury Secretary Steven Mnuchin: This is about North Korea, not China

    Treasury Secretary Steven Mnuchin answers questions at the White House press briefing about new sanctions against a Chinese bank and individuals for facilitating financial transactions for North Korea.

  • Treasury Secretary Steven Mnuchin: 100% committed to get tax reform done this year

    Treasury Secretary Steven Mnuchin answers questions at the White House press briefing about new sanctions against a Chinese bank and individuals for facilitating financial transactions for North Korea.

  • Treasury Secretary Steven Mnuchin: No one is off-limits

    Treasury Secretary Steven Mnuchin answers questions at the White House press briefing about new sanctions against a Chinese bank and individuals for facilitating financial transactions for North Korea.