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Government Agencies Treasury Department

  • The investors are asking a three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia to reconsider its earlier decision. Fannie Mae preferred gained about 1.6 percent to $6.86 a share while Freddie Mac preferred was up 3.1 percent to $3.17 a share. Instead, the Treasury Department required that the companies pay an amount equal to their...

  • Jeff Bezos

    Amazon.com won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago.

  • March 23- Amazon.com Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago. Tax Court rejected a variety of IRS arguments, and found that on several occasions the agency abused its discretion, or acted arbitrarily or capriciously. Lauber's decision "should...

  • Paul Manafort

    Treasury Department agents have obtained information about offshore financial transactions involving Trump's former campaign chairman, Paul Manafort.

  • WASHINGTON— U.S. Treasury Department agents have recently obtained information about offshore financial transactions involving President Donald Trump's former campaign chairman, Paul Manafort, as part of a federal anti-corruption probe into his work in Eastern Europe, The Associated Press has learned. Information about Manafort's transactions was...

  • The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 0.760 percent, down from 0.780 percent last week. The three-month rate was the lowest since those bills averaged 0.745 percent two weeks ago on March 6. For a $10,000 bill, the three-month price was $9,980.79, while a six-month bill sold for $9,955.01.

  • Earlier this month, U.S. law enforcement officials raided three of the heavy machinery manufacturer's Illinois facilities as part of an Internal Revenue Service probe related to profits earned by the company's Swiss parts unit, Caterpillar SARL. The IRS has demand that the company pay $2 billion in taxes and penalties for profits assigned to the Swiss unit.

  • Trump announced Tuesday that he is naming former brokerage firm executive J. Christopher Giancarlo as chairman of the Commodity Futures Trading Commission. If confirmed by the Senate, he would succeed Timothy Massad, a former Treasury Department official named by Obama who resigned after Trump's election. Trump has urged the loosening or elimination of...

  • WASHINGTON, March 14- The former owners of the now defunct Banca Privada dAndorra S.A. are calling for an investigation into why the U.S. Treasury Department labeled the Andorran bank a "primary money laundering concern," a move which helped drive the bank out of business. A lawyer for the Cierco family, which controlled the bank, sent a letter to Treasury...

  • NEW YORK, March 14- Tax season in the United States is off to a slow start. The number of people filing their taxes with the Internal Revenue Service is running well below last year. The most significant reason, however, and one cited by the IRS, is that a new regulation delayed refunds by taxpayers claiming an Earned Income Tax Credit or an Additional Child Tax Credit...

  • WASHINGTON— Interest rates on short-term Treasury bills rose in Monday's auction to their highest levels in more than eight years. The Treasury Department auctioned $36 billion in three-month bills at a discount rate of 0.780 percent, up from 0.745 percent last week. For a $10,000 bill, the three-month price was $9,980.28, while a six-month bill sold for...

  • The Internal Revenue Service has challenged the company's taxes for the years 2007-2012, the company said in a statement on Friday. "We disagree with the IRS' position, have cooperated for requests for information," Caterpillar said. A New York Times article on Tuesday said a report commissioned by the United States government accused the company of carrying...

  • WASHINGTON, March 10- The U.S. government had a $192 billion budget deficit in February as outlays far outstripped receipts, the Treasury Department said on Friday. The budget deficit was $193 billion in February 2016, according to Treasury's monthly budget statement. Receipts last month came to $172 billion, a 2 percent increase from February 2016, while...

  • Steven Mnuchin

    The most recent suspension of the debt limit expires on March 15.

  • March 8- David Nason, a General Electric executive and former Treasury Department official, has told the White House he is no longer interested in serving as the Federal Reserve's bank supervision chief. Nason informed the White House that he no longer wished to be considered for the position of Vice Chairman at the Federal Reserve. "This could be seen as a victory...

  • March 8- David Nason, a General Electric executive and former Treasury Department official, has told the White House that he was no longer interested in taking up the role of Federal Reserve's bank supervision chief, Bloomberg reported. Nason, who heads GE's Energy Financial Services division, said he plans to pursue opportunities at the conglomerate,...

  • NEW YORK, March 7- U.S. The Treasury Department will auction $20 billion in 10- year debt on Wednesday and $12 billion in 30- year bonds on Thursday. "It's hard to take this much duration risk before the Fed," said Aaron Kohli, interest rates strategist at BMO Capital Markets in New York.

  • Wilbur Ross, U.S. Secretary of Commerce, speaks during a news conference at the U.S. Department of Commerce in Washington, D.C., U.S., on Tuesday, March 7, 2017.

    The Chinese telecom equipment giant gets about one-third of its components from American companies.

  • *U.S. to sell $24 billion in three-year debt at 1 p.m.. Following the three-year note sale, the Treasury Department will auction $20 billion in 10- year debt on Wednesday and $12 billion in 30- year bonds on Thursday. "It's hard to take this much duration risk before the Fed," said Aaron Kohli, interest rates strategist at BMO Capital Markets in New York.

  • Caterpillar said on Thursday it believed the search was part of an Internal Revenue Service investigation related to profits earned by a Swiss parts subsidiary, Caterpillar SARL, or CSARL. Chief Executive Officer Jim Umpleby, in a statement to employees that was seen by newspaper Peoria Star, said he was surprised by the turn of events and that management did...