Government Agencies Treasury Department

  • Bondholders would be "nuts" not take General Motor's offer of 225 common shares for each $1,000 principal amount of notes, billionaire investor Wilbur Ross told CNBC.

  • There were any number of optimistic statements made last week. The G-7 finance ministers and central bankers said in a statement that "the pace of decline in our economies has slowed and some signs of stabilization are emerging." Treasury Secretary Timothy Geithner said, "There are signs that the pace of deterioration in economic activity and trade flows has eased." Both Geithner and the G-7 leaders warned that what they see are encouraging signs but warned downside risks are still present.

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    At least one of the 19 financial institutions that received a government stress test would require additional capital, based on the initial findings, according to a source.

  • Mutual funds and hedge funds hold two opposing views of the market right now. Cramer tells you who is right.

  • "Most banks" are currently well capitalized but need to hold a "substantial" amount above regulatory requirements in case the recession worsens, the Fed said in its eagerly awaited report on bank stress tests.

  • On last night’s Kudlow Report I asked Sen. Jon Kyl his thoughts on President Obama’s first one hundred days and whether he believes that government is taking over the economy.

  • Ben Bernanke and Timothy Geithner have outdone themselves, the Mad Money host says. Here's why.

  • The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler that could come as soon as next week, people with direct knowledge of the action said Thursday.

  • Toxic mortgage backed securities are a major problem-the issue is how to get private investors involved in buying the assets, mostly mortgage-backed securities.

  • The Treasury Department has increased its offer to repay Chrysler’s senior lenders as part of continuing talks on how to reduce the company’s debt, a person who had been briefed on the talks said on Wednesday.

  • Vince Farrell

    It might just be my inability to see clearly, but the past two days have provided me some clarity on where the stress test is going.

  • It is good news that the big banks are reporting profits, though as some observers have noted, it’s not hard to make money with free funds (provided by thousands of smaller banks who cannot continuously roll over Federal Funds as a way to fund assets), writes William Dunkelberg, Economics Professor at Temple University.

  • On last night’s Kudlow Report I spoke with Rep. Jeb Hensarling about his thoughts on Treasury Secretary Tim Geithner’s TARP testimony and Team Obama’s overall handling of the banking system and economy.

  • The Fed plans to release results of the stress test on May 4. Nobody is going to "fail" the test, but some may need capital, private or otherwise. There should also be some word as to how much capital would be needed.

  • How far will the Obama administration move to assert regulatory control over key sectors of the economy? Are we moving away from democratic capitalism, and toward some sort of corporatist state-directed economy? That could be the biggest stock market and economic-growth issue facing us today.

  • Requiring banks to account for their use of funds remains a top complaint, said Neil Barofsky, special inspector general to the TARP.

  • White House and Treasury officials are now talking about turning government TARP loans into common stock for the 19 biggest banks. It’s clearly a backdoor path to nationalization, as Uncle Sam would be the largest shareholder in these institutions. What’s more, it’s not at all clear that the administration will even let certain banks pay down their TARP loans.

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    President Obama’s top economic advisers have determined that they can shore up the nation’s banking system without having to ask Congress for more money any time soon, , the New York Times reported.

  • Big news today for the banks: The White House and Treasury announced that the economic stress-test results for the 19 largest banks will in fact be made public on May 4.

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    The United Auto Workers union has placed concession talks with General Motors on the back burner as it tries to reach a deal with Chrysler before an April 30 government deadline, two people briefed on the negotiations said Thursday.