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Government Agencies Treasury Department

  • *China may be taking advantage of recent weakness in dollar. Aug 15- China purchased the most Treasuries in six years in June, vaulting past Japan as the largest overseas lender to the U.S. government, possibly taking advantage of recent weakness in the dollar in a rising U.S. interest rate environment. Tuesday's report from the U.S. Treasury Department also...

  • Aug 15- China purchased the most Treasuries in six years in June, vaulting past Japan as the largest overseas lender to the U.S. government, according to data released by the U.S. Treasury Department on Tuesday. In 2016, China spent nearly $320 billion of foreign exchange reserves in an effort to stem the yuan's depreciation against the U.S. dollar.

  • WASHINGTON— Interest rates on short-term Treasury bills fell in Monday's auction. The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 1.015 percent, down from 1.040 percent last week. For a $10,000 bill, the three-month price was $9,974.3 while a six-month bill sold for $9,943.6.

  • The U.S. Treasury Department said Thursday that the budget gap came in at $42.9 billion last month, down from $112.8 billion in July 2016. The Congressional Budget Office forecasts that the deficit for the budget year ending Sept. 30 will come in at $693 billion, up from $584 billion in budget year 2016.. Congress is facing a deadline of Oct. 1 for getting a budget...

  • The deficit of $43 billion last month compared to a deficit of $113 billion in the year-earlier period, the Treasury Department said in its monthly budget statement. When accounting for calendar adjustments, the deficit last month was $93 billion on an adjusted basis compared with a $113 billion deficit in the same period of fiscal 2016..

  • WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction, with rates on three-month bills falling to their lowest level since late June while rates on six-month bills rose to their highest level in nearly nine years. The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 1.040 percent, down from...

  • President Donald Trump speaks during a Make America Great Again Rally at Big Sandy Superstore Arena in Huntington, West Virginia, August 3, 2017.

    President Donald Trump's legislative agenda may be stalled, but that's not stopping him from trying to cut regulations by "75 percent."

  • Aug 3- Fannie Mae, the largest U.S. mortgage guarantor, said on Thursday its net income edged up to $3.2 billion in the second quarter from the previous quarter's $2.8 billion due to higher credit-related income and investment gains. Fannie said it will pay the U.S. Treasury Department $3.1 billion in dividends, if its regulator the Federal Housing Finance Agency...

  • Apple CEO Tim Cook

    With $52 billion, Apple would rank among the top 25 countries that own U.S. government debt.

  • *U.S. yield curve flattest since July 26. NEW YORK, Aug 2- Long-dated debt yields fell on Wednesday, and the yield curve flattened to its lowest levels in a week, after the U.S. Treasury Department said it was still considering an ultra long bond, but didn't announce a new issue. "They seem to be pushing off the really hard decisions that they are going to have to make to...

  • The Catalyst Paper Mill in Rumford town in Maine, United States on July 26, 2017.

    Democrats look to reboot economic policy ahead of midterm elections by proposing tax penalties on firms that outsource jobs abroad among other measures.

  • *U.S. yield curve flattest since July 26. NEW YORK, Aug 2- Long-dated debt yields plunged on Wednesday, and the yield curve flattened to its lowest levels in a week, after the U.S. Treasury Department gave no indications about new long-dated issuance in a quarterly refunding statement. "They seem to be pushing off the really hard decisions that they are going to have to...

  • NEW YORK, Aug 1- The government's refunding schedule wildcard on Wednesday will be if the U.S. Treasury Department gives any indications on whether it will issue a longer-dated debt maturity. "The big event this week is the refunding on Wednesday," said Blake Gwinn, an interest rate strategist at NatWest Markets in Stamford, Connecticut. Depending on the size of the...

  • Venezuela's President Nicolas Maduro gestures as he speaks during a meeting with representatives of pharmaceutical sector, in Caracas.

    CNBC's Ylan Mui reports that the U.S. Treasury Department has levied sanctions against Venezuelan President Nicolas Maduro.

  • WASHINGTON, July 31- The U.S. The Treasury Department said in a statement it expects to issue $96 billion through credit markets during the period, assuming an end-September cash balance of $60 billion. During the April-June quarter, Treasury borrowed $35 billion and ended the period with a cash balance of $181 billion.

  • Cohn: Trump is 100% committed to getting tax reform done

    CNBC's Ylan Mui reports on comments made by Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn about the administration's push for tax reform.

  • Charles and David Koch

    Two influential and well-funded conservative groups are publicly throwing their weight behind the Republican effort to revamp the tax code.

  • The Treasury Department sold $28 billion in seven-year notes to fair demand, the final sale of $88 billion in coupon-bearing supply this week. AT&T Corp also came to market with a $22.5 billion. "The market is unduly being sold off on the mega AT&T deal... that is weighing on the long-end of the market" Tom di Galoma, a managing director at Seaport Global Holdings in New...

  • July 27- Canada's Cameco Corp, the world's second-largest uranium producer, said on Thursday it had settled a U.S. tax dispute for a fraction of the original claim, which may bode well for the company's multi-billion-dollar battle with the Canada Revenue Agency. Cameco will pay the U.S. Internal Revenue Service $122,000 for its 2009 through 2012 taxation years,...

  • NEW YORK, July 27- U.S. The Fed is still in play, said Justin Lederer, interest rate strategist at Cantor Fitzgerald in New York. The Treasury Department will sell $28 billion in seven-year notes on Thursday, the final sale of $88 billion in coupon-bearing supply this week.