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  • WASHINGTON, Feb 11- Christine Lagarde was virtually assured a second term leading the International Monetary Fund on Thursday when nominations for the job closed with no challengers. The U.S. Treasury Department supported her re-appointment, adding to earlier endorsements and other signals of support from China, Germany, Britain, France, Italy and Mexico.

  • WASHINGTON— The Treasury Department is sanctioning three leaders of the Islamic State, including a senior oil official, who are instrumental in the group's finances and recruitment. Thursday's action is another step in the Treasury's efforts to disrupt the group's ability to profit from illicit oil sales in Iraq and Syria and hamper its access the...

  • Federal budget in black for January Wednesday, 10 Feb 2016 | 2:13 PM ET

    The Treasury Department said Wednesday that the surplus marked an improvement from January 2015 when the government recorded a small deficit of $17.5 billion. Both the Obama administration and the Congressional Budget Office are forecasting this year's deficit to top last year's imbalance of $439.1 billion. The CBO projects that the deficit will keep...

  • U.S. government posts $55 bln budget surplus in January Wednesday, 10 Feb 2016 | 2:00 PM ET

    WASHINGTON, Feb 10- The U.S. government posted a $55 billion budget surplus in January, up from an $18 billion deficit in the same month a year ago, the Treasury Department said on Wednesday. Receipts last month totaled $314 billion, while outlays stood at $258 billion. Accounting for those adjustments, the January surplus was $15 billion, compared to an adjusted $2...

  • Gonzalez Anaya, who holds degrees in economics and mechanical engineering from MIT and a doctorate in economics from Harvard, was previously head of Mexico's Social Security Institute. He has also worked as an economist for the World Bank and at senior positions in Mexico's Treasury Department. He was replaced as social security chief by Mikel Arriola...

  • Rates drop on 3-month and 6-month US Treasury bills Monday, 8 Feb 2016 | 5:17 PM ET

    The Treasury Department auctioned $37 billion in three-month bills at a discount rate of 0.315 percent, down from 0.350 percent last week. The three-month rate was the lowest since these bills averaged 0.305 percent two weeks ago on Jan. 25. For a $10,000 bill, the three-month price was $9,992.04 while a six-month bill sold for $9,978.77.

  • FACTBOX-What is an MLP? Friday, 5 Feb 2016 | 1:00 AM ET

    Feb 5- Dubbed the energy highway's toll takers, master limited partnerships, or MLPs, get paid by shippers who move crude oil and refined products through their pipelines, storage terminals and other assets. In recent years, the U.S. Internal Revenue Service has expanded what companies qualify to form the tax-friendly structure, including oil field service...

  • WASHINGTON, Feb 4- The U.S. Internal Revenue Service said on Thursday it had resumed processing individual and business tax returns at about 5 p.m. EST on Thursday after a system outage. The IRS said on Wednesday it was experiencing computer failure across several systems and temporarily could not accept many taxpayer returns. "IRS teams worked throughout the...

  • UPDATE 1-U.S. IRS says experiencing computer failure Wednesday, 3 Feb 2016 | 6:40 PM ET

    WASHINGTON, Feb 3- The U.S. Internal Revenue Service said on Wednesday it is experiencing computer failure across several systems and temporarily cannot accept many taxpayer returns. "Several of our systems are not currently operating, including our modernized e-file system and a number of other related systems," the IRS said in a statement.

  • WASHINGTON, Feb 3- The U.S. Internal Revenue Service is experiencing computer failure across "several" systems, and said it temporarily cannot accept many taxpayer returns, CNBC said in a tweet on Wednesday, citing Dow Jones.

  • WASHINGTON— Interest rates on short-term Treasury bills rose in Monday's auction with rates on three-month bills rising to their highest level since the 2008 financial crisis. The Treasury Department auctioned $37 billion in three-month bills at a discount rate of 0.350 percent, up from 0.305 percent last week. For a $10,000 bill, the three-month price was...

  • WASHINGTON, Feb 1- Republicans plan to bring a bill addressing Puerto Rico's debt crisis to the floor of the U.S. House of Representatives by the end of March, House Majority Leader Kevin McCarthy said on Monday. The U.S. Treasury Department has called on Congress to create a fiscal control board for Puerto Rico. Separately on Monday, White House spokesman Josh...

  • Texas tycoon Wyly urges U.S. judge to reject IRS tax case Wednesday, 27 Jan 2016 | 5:24 PM ET

    DALLAS, Jan 27- A lawyer for Texas tycoon Sam Wyly argued on Wednesday that the Internal Revenue Service had failed at trial to prove the businessman used offshore trusts to engage in a massive tax fraud. Don Lan, a lawyer for Sam Wyly and the widow of his brother Charles, Caroline Wyly, said during closing arguments in a trial in federal bankruptcy court in Dallas...

  • Why Fed could reverse course on hikes Wednesday, 27 Jan 2016 | 4:09 PM ET
    Traders in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE).

    Forget rate hikes, the Fed has opened the gate for moving in the opposite direction, says Economist Steve Blitz.

  • Sec. Lew: China can have a soft landing if... Thursday, 21 Jan 2016 | 8:05 AM ET
    Sec. Lew: China can have a soft landing if...

    U.S. Treasury Secretary Jack Lew, weighs in on China's economic reforms and what they must do to make it work, lower oil prices and the strength of the U.S. consumer.

  • Will the Fed have to undo its rate hike? Tuesday, 19 Jan 2016 | 12:46 PM ET
    Janet Yellen

    If fed-funds futures are any indication, the Fed might have to roll back its rate hike, says Ron Isana.

  • WASHINGTON, Jan 16- The United States will allow foreign subsidiaries of American companies to trade with Iran as part of sanctions relief granted under an international nuclear deal, the U.S. Treasury Department said on Saturday. Sanctions had made Iranian exports to European Union countries- the vast majority energy-related- fall by 86 percent between 2012...

  • WASHINGTON, Jan 16- The United States will now allow foreign subsidiaries of American companies to trade with Iran as part of sanctions relief granted under an international nuclear deal, the U.S. Treasury Department said on Saturday.

  • Treasury Secretary Jack Lew on Friday urged Congress to urgently pass legislation to help Puerto Rico, ahead of a trip to the U.S. territory next week, according to the U.S. Treasury Department and a letter sent from Lew to House Speaker Paul Ryan on Friday. Lew, who will visit San Juan Jan. 20, will meet with Puerto Rico Governor Garcia Padilla, among others, to "discuss...

  • WASHINGTON, Jan 13- The United States is hunting down international criminals who launder money through real estate deals, with the Treasury Department ordering title insurance companies to report the identities of people paying cash for high-end properties in Miami and Manhattan. Title insurers will have to disclose buyer identities in deals of at least...