Government Agencies Treasury Department


  • The runaway inversion craze, in three charts Tuesday, 24 Nov 2015 | 11:30 AM ET

    Pfizer's proposed acquisition of Allergan will be one of the biggest tax inversions yet.

  • Congress should prevent tax inversions: White House Monday, 23 Nov 2015 | 2:59 PM ET
    White House Press Secretary Josh Earnest

    The White House called on Congress to take legislative action to stop companies from conducting tax "inversions."

  • U.S. 2-year note sold at highest yield since 2010 Monday, 23 Nov 2015 | 1:23 PM ET

    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...

  • Treasury plans anti-inversion tax rules Wednesday, 18 Nov 2015 | 4:50 PM ET
    Treasury Dept plans anti-inversion tax rules

    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.

  • Patrick O'Carroll Jr., Inspector General of the Social Security Administration, gives his opening remarks as he testifies to a Joint Economic Committee hearing on the state of the Social Security Disability Insurance program, in the Dirksen Senate Office Building, on Capitol Hill in Washington.

    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...

  • U.S. Treasury Secretary calls for Japan fiscal support Sunday, 15 Nov 2015 | 11:16 PM ET

    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.

  • U.S. budget deficit widens to $136 billion in October Thursday, 12 Nov 2015 | 2:00 PM ET

    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.

  • December rate hike priced in? Maybe, experts say Wednesday, 4 Nov 2015 | 1:53 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Short-term bond yields spiked Wednesday morning and fed fund futures rose 2 points.

  • Look who's getting away with not paying this estate tax Wednesday, 4 Nov 2015 | 7:00 AM ET

    Foreign holders of U.S. assets who fail to pay estate taxes could be costing the U.S. Treasury billions of dollars.

  • Don't risk another crisis: Treasury official Monday, 2 Nov 2015 | 10:56 AM ET
    Wall Street

    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 passes budget deal Friday, 30 Oct 2015 | 6:00 AM ET
    Senate passes budget deal

    Senate approves a bi-partisan budget deal to loosen spending caps, averting a default.

  • The U.S. Capitol building

    With Congress crippled by a leadership vacuum, a cash crunch at the Treasury threatens to throw the U.S. economy into turmoil.

  • Jack Lew, Treasury Secretary.

    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...