Government Agencies Treasury Department

  • With BP shares near a 10-year low, is it worth the price as a lottery ticket?

  • Timothy Geithner

    The US recovery will continue, despite financial turmoil in Europe, as long the governments on the continent follow through on their promised rescue package, Treasury Secretary Tim Geithner told CNBC Thursday.

  • Why he thinks selling $2 trillion worth of 30-year Treasuries would help.

  • Treasury Seal

    Wednesday’s $40 billion 5-year Treasury note auction deserves a solid B.

  • citi_ext2_OQ.jpg

    The Treasury Department said Wednesday it raised $6.2 billion from the sale of 1.5 billion shares of Citigroup stock it received as part of the government's rescue of the bank.

  • citigroup_building1.jpg

    The Qatar Investment Authority, a sovereign wealth fund, has expressed interest in buying part of the U.S. Treasury's stake in Citigroup, potentially boosting efforts to sell the shares amid the global rout in banking stocks, the FT reports citing people familiar with the matter .

  • NY Stock Exchange Traders

    Brokers selling complex securities that they once contended were safe and sound have saddled individual investors with billions in losses since the credit bubble burst. Remember auction-rate securities? Those were peddled to investors as just as good as cash — until they no longer were after that market seized up in 2008. The NYT reports.

  • Financial Crisis Bailout

    The Treasury Department indicated Friday it expects taxpayers will lose billions less from the financial bailouts than earlier estimated. The problem is, its revised forecast assumes Treasury's shares of bailed-out companies are gaining value despite this week's plunge in stock prices.

  • Timothy Geithner

    Europe can survive the current economic crisis if its leaders make good on commitments to turn their economies around, Treasury Secretary Geithner told CNBC Wednesday.

  • Jon Corzine

    For Jon S. Corzine, it has come to this: a bare Manhattan office still littered with mementos from the previous occupant, at a company few outside Wall Street have heard of.

  • Europe's $1 trillion bailout fund might alleviate some of concerns that its debt problems could spread to the US, Philadelphia Fed President Charles Plosser told CNBC Monday

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    If you blinked, you might have missed the ugly first-quarter report last week from Freddie Mac, the mortgage finance giant that, along with its sister Fannie Mae, soldiers on as one of the financial world’s biggest wards of the state.

  • Two fund managers told CNBC Friday that they lost less than 1 percent of net asset value, despite Thursday's 347-point plunge by the Dow Jones Industrial Average.

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    The big question of what went wrong when the markets plunged Thursday is still up in the air.

  • United States Federal Reserve

    President Obama has appointed three new doves to the Federal Reserve Board, thereby taking command of the nation’s central bank.

  • Timothy Geithner

    I have to say I'm getting a little tired of it. The servicers slam the Treasury and the Treasury slams the servicers and more and more homes move to foreclosure as the housing recovery spits and sputters.

  • United States Treasury Secretary Timothy Geithner

    US Treasury Secretary Timothy Geithner on Thursday slammed mortgage service companies for failing to do enough to help Americans avoid losing their homes and promised to crack down on shoddy practices.

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    Every now and then an idea takes hold that is, conceptually, so elegant and alluring as to be nearly irresistible. Resolution authority – like the call of the Sirens – has enchanted every US official who was in a decision-making capacity during the financial crisis.

  • U.S. passport

    Amid mounting frustration over taxation and banking problems, small but growing numbers of overseas Americans are taking the weighty step of renouncing their citizenship. The New York Times explains.

  • Goldman_Sachs_Building2.jpg

    In accusing Goldman Sachs of defrauding investors, regulators are not only taking aim at a company with deep pockets and a will to fight - they are also pursuing an unusual claim that could be difficult to prove in court, legal experts said.  The New York Times explains.