Government Agencies Treasury Department

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    The spirit once called Kill-Devil has set off a bitter dispute between two United States islands, Puerto Rico and the Virgin Islands, over a tax that the federal treasury collects on rum.

  • Treasury Building

    The Treasury Department has just announced a new program to encourage lending to small businesses, the State Small Business Credit Initiative. Exactly what factual information led the Treasury to conclude that this program was needed was not made clear.

  • China is to blame for the currency tensions as the cheap yuan is contributing to global trade imbalances, says Nobel prize-winning economist Paul Krugman.

  • State hearing room

    If you go by some recent notable analysts' reports, we are headed for a municipal bond crisis to rival the financials' collapse of 2008. This doomsday prognosis is simply overblown, and here's why.

  • Financial Crisis Bailout

    In a Washington Post op-ed piece this week, Timothy Geithner makes the case that the Troubled Asset Relief Program was much more successful than most would believe. He outlines five myths about TARP and why the general disdain towards this program is without merit. The piece deals mostly with the prudence of TARP as a financial rescue program. Maybe; debate will rage on I’m quite sure as to its effectiveness.

  • US Treasury Secretary Timothy Geithner will call on emerging nations to show more flexibility on currencies in exchange for a greater say in international financial institutions, a Treasury official told CNBC Wednesday.

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    The federal government is trying to do the right thing for taxpayers who live paycheck-to-paycheck and rely on their tax refunds to help with the basics of everyday living. Unfortunately, initiatives the government recently unveiled will only hurt the very people they're trying to help.

  • Treasury Building

    The Troubled Asset Relief Program, commonly known as TARP, will cost the U.S. government about $50 billion, far less than originally anticipated but not quite enough to allow the government to break even on the controversial bailout, CNBC has learned.

  • David Einhorn of Greenlight Capital upped his stake in this stock.

  • Gm Building

    The initial public stock offering by General Motors will be smaller than previously suggested, and the federal government will most likely sell a relatively small portion of its 61 percent stake in the company, according to people with knowledge of the preparations, reports the New York Times.

  • Inflation-protected securities are performing well, but what does it tell us?

  • Timothy Geithner

    U.S. banks should be able to meet new higher capital rules through future profits without crimping lending in a way that would harm the recovering economy, Treasury Secretary Timothy Geithner told a congressional panel Wednesday.

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    Strong investor demand for junk bonds has pushed the average price on such corporate debt to its highest level since June 2007, when companies could borrow with ease at the height of the credit boom, the Financial Times reports.

  • In a scathing criticism of the Obama administration, Home Depot co-founder Bernie Marcus told CNBC Friday that Treasury Secretary Geithner should have a reality-TV show about small business, because it would illustrate how out of touch the Obama administration is with the private sector.

  • Gm Building

    How long it takes for the government to divest its holdings in General Motors will, in part, be determined by the company’s success, G.M.’s chief executive said. The New York Times reports.

  • The "Fast Money" traders don't think the Bank of Japan's intervention will be long-lasting, but they do have ideas on how to play it.

  • Job seekers wait in line to have their résumés reviewed at the second annual Anaheim/Orange County Job Fair.

    It will take a while to see jobs come back in force after what he described as a “savage” recession, Treasury Tim Geithner told CNBC Wednesday.

  • Barack Obama

    Treasury Secretary Timothy Geithner spoke to Maria Bartiromo in a First on CNBC interview and told Bartiromo that the President's proposals “can make powerful impact.”

  • Donald L. Kohn

    The Fed's efforts to stabilize credit markets during the financial crisis didn't create a "moral hazard" where Wall Street can count on being bailed out, retiring Fed Vice Chairman Donald Kohn told CNBC.

  • Money is flowing faster into bonds at this stage than did with the dotcom bubble of the late 1990s. But that might not be bad for Treasury investors.