The January surplus was up from an $18 billion deficit in the same month a year ago, the Treasury Department said.» Read More
Pfizer's proposed acquisition of Allergan will be one of the biggest tax inversions yet.
The White House called on Congress to take legislative action to stop companies from conducting tax "inversions."
NEW YORK, Nov 23- U.S. Treasury Department on Monday sold $26 billion of two-year notes to solid investor demand at a yield of 0.948 percent, which was the highest since April 2010, Treasury data showed.
WASHINGTON/ NEW YORK, Nov 19- The U.S. Treasury Department on Thursday took steps to clamp down on tax-avoiding "inversion" deals with new rules, though there was scarce evidence they would stop the biggest inversion of them all, between Pfizer Inc and Allergan Plc. The $150 billion proposed deal, still under negotiation, would see New York- based Pfizer redomicile in...
WASHINGTON, Nov 19- The U.S. Treasury Department on Thursday clamped down on tax-avoiding "inversion" deals that U.S. companies do with foreign corporations. It was not immediately clear if the new rules would affect drug maker Pfizer Inc's roughly $150 billion bid for smaller Irish rival Allergan Plc. The combination of New York- based Pfizer, which makes Viagra,...
WASHINGTON, Nov 19- The U.S. Treasury Department on Thursday clamped down on tax-avoiding "inversion" deals that U.S. companies do with foreign corporations. It was not immediately clear if the new rules would affect Pfizer Inc's bid for rival Allergan Plc. "While we intend to take additional action in the coming months, there is only so much the Treasury Department...
The U.S. Treasury Department will release new “targeted guidance” designed to reduce the tax benefits available to U.S. companies that move their tax address overseas. CNBC's Eamon Javers reports.
The budget deal takes a stab at shoring up the Social Security Disability Insurance fund, but it won't stop this leakage.
NEW YORK, Nov 16- The Bill, Hillary& Chelsea Clinton Foundation and an associated charity refiled tax returns for six years with the U.S. Internal Revenue Service to amend their reporting of donations from foreign governments and other errors, the charities said on Monday. The charities are best known for their work on health and environmental issues in the...
Treasury Secretary Jack Lew has urged Japan to offer fiscal support to its economy to ensure it returns to growth driven by domestic demand. Lew made the remark in a bilateral meeting with Japanese Finance Minister Taro Aso on the sidelines of a Group of 20 summit in Antalya, Turkey, the U.S. Treasury Department said in a statement issued on Sunday.
WASHINGTON, Nov 13- Pfizer Inc's buyout bid for Allergan Plc has financial markets on edge over a possible new move by the U.S. Treasury Department against tax-inversion deals, but the outlook for any such steps was still unclear on Friday. Allergan shares fell 2.3 percent on Thursday afternoon amid reports that Treasury might move to block its deal with Pfizer.
WASHINGTON, Nov 12- The United States posted a budget deficit of $136 billion, up 12 percent from the same period last year, the Treasury Department said on Thursday. The current fiscal year-to-date deficit stood at $136 billion. Receipts last month totaled $211 billion, while outlays stood at $348 billion.
Short-term bond yields spiked Wednesday morning and fed fund futures rose 2 points.
Foreign holders of U.S. assets who fail to pay estate taxes could be costing the U.S. Treasury billions of dollars.
Pending legislation would tip the scales back in Wall Street's favor and leave our country vulnerable to another crisis, says this Treasury official.
Senate approves a bi-partisan budget deal to loosen spending caps, averting a default.
With Congress crippled by a leadership vacuum, a cash crunch at the Treasury threatens to throw the U.S. economy into turmoil.
Congress risks “manufacturing crisis” by prevaricating over raising the U.S. debt ceiling, Treasury Secretary Jack Lew said on Monday.
WASHINGTON, Oct 23- The U.S. Department of Justice said on Friday that it had found no evidence to support a criminal prosecution over the mishandling by the Internal Revenue Service several years ago of non-profit political groups aligned with the Tea Party. "The IRS mishandled the processing of tax-exempt applications in a manner that disproportionately...
BOSTON/ NEW YORK, Oct 22- A failure by Washington leaders to raise the federal debt ceiling by next month could test whether new regulations have made money market mutual funds more robust. Now Republicans in the U.S. Congress are once again resisting requests to raise the federal debt ceiling, leading to concerns the U.S. Treasury Department might not have enough...