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  • 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
    Taxes

    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...

  • WASHINGTON, Oct 22- The White House and congressional leaders on Thursday cited the urgency of enacting legislation to avoid a default on U.S. debt, but Republicans were still struggling over how to pass any bill. The Treasury Department has estimated that it will bump up against its $18 trillion statutory borrowing limit on Nov. 3 unless Congress approves...

  • Puerto Rico could become 'humanitarian crisis' Thursday, 22 Oct 2015 | 10:52 AM ET
    People look at the job listings posted at an unemployment office in San Juan, Puerto Rico.

    Without federal action, Puerto Rico "could easily become a humanitarian crisis," a top Treasury counselor said on Capitol Hill.

  • WASHINGTON, Oct 22- A grinding political battle over America's national debt led Washington on Thursday to postpone a regular auction of government debt, a reminder that the country once again is just weeks away from a potential default. The Treasury Department said in a statement it would not hold an auction of 2- year notes originally scheduled for Oct. 27...

  • Boehner is scheduled to retire from Congress on Oct. 30 and passage of a debt limit increase before a Nov. 3 deadline, when the Treasury Department expects to run out of borrowing authority, could be one of his last acts as speaker. Earlier on Tuesday, House Majority Leader Kevin McCarthy, the No. 2 Republican in the chamber, told reporters that he did not think there...

  • Sec. Lew: Budget projections 'sound' Monday, 19 Oct 2015 | 7:47 AM ET
    Sec. Lew: Budget projections 'sound'

    Treasury Secretary Jack Lew, weighs in on the U.S. budget and why he does not think the government should be able to pick and choose which bills it wants to pay. Also Lew discusses China's currency commitment.

  • Sec. Lew: Wages need to go up Monday, 19 Oct 2015 | 7:12 AM ET
    Sec. Lew: Wages need to go up

    Treasury Secretary Jack Lew, shares his thoughts on interest rates, wage growth, redesigning U.S. currency to improve security, and reforming housing finance.

  • Treasury Secretary Jack Lew: Raise the debt limit Monday, 19 Oct 2015 | 7:04 AM ET
    Treasury Secretary Jack Lew:  Raise the debt limit

    Treasury Secretary Jack Lew, says the debt limit is not a spending commitment, all it does is give the country the ability to pay the bills and Congress needs to act quickly.

  • UPDATE 1-White House: No plans to bail out Puerto Rico Thursday, 15 Oct 2015 | 3:38 PM ET

    WASHINGTON, Oct 15- The White House on Thursday said it had no plans to provide a financial bailout to Puerto Rico but was trying to help it find a way out of its economic troubles. White House spokesman Josh Earnest denied a media report that the U.S. Treasury Department is in discussions with Puerto Rican officials to provide a bailout package to the debt-laden...