Government Agencies Treasury Department

  • PORTLAND, Ore.— A part-owner and operator of medical marijuana dispensaries in Oregon was sentenced to seven months in prison Monday, marking what a prosecutor called the country's first federal sentencing of a legal pot business owner for tax crimes. Matthew Price also was ordered to pay $262,776 restitution to the Internal Revenue Service during...

  • The U.S. Treasury Department said in a statement that My Aviation Co. Ltd., headquartered in Bangkok, "provides cargo services to Mahan Air, to include freight booking," as well as passenger booking services. "Mahan Air continues to fly into Syria every week, even as millions of innocent civilians in Idlib province are under threat of imminent attack from the...

  • COPENHAGEN, Sept 14- Shares in Danske Bank fell 4 percent on Friday after the Wall Street Journal reported that U.S. law enforcement agencies are investigating the bank over allegations of money laundering through Estonia. The U.S. Justice Department, Treasury Department and Securities and Exchange Commission are examining Danske Bank, after a...

  • WASHINGTON, Sept 13- The U.S. Treasury and Internal Revenue Service on Thursday issued proposed regulations on the treatment of global intangible low-taxed income, or GILTI, under President Donald Trump's 2017 tax overhaul. The government said in a release that the rules are intended to offer clarify to U.S. shareholders on computing GILTI income from...

  • The Treasury Department said Thursday the August deficit pushed the deficit for the first 11 months of the budget year to $898.1 billion, 33 percent higher than the same period a year ago. In addition, Social Security payments, which are normally made on the third of each month, were pushed into August because Sept. 3 was the Labor Day holiday. President Donald Trump...

  • WASHINGTON, Sept 13- The U.S. government had a $214 billion budget deficit in August, almost double the amount for the same period last year as outlays swelled, according to Treasury Department data released on Thursday. That compared to a budget deficit of $108 billion in the same month last year, the department's monthly budget statement showed.

  • NEW YORK, Sept 13- The yield on the 30- year U.S. government bond ticked up on Thursday after the Treasury Department auctioned $15 billion in new supply to average demand. Primary dealers, who are responsible for absorbing any supply not bought by direct or indirect bidders, took 27 percent, the smallest amount since April 2018. The offering was smaller than the $18...

  • WASHINGTON— The Trump administration blacklisted two North Korean-controlled information technology companies based in China and Russia on Thursday as it pushed for progress by Kim Jong Un's government on denuclearization. The Treasury Department announced it was designating China Silver Star, its North Korean CEO Jong Song Hwa and its Russia- based...

  • NEW YORK, Sept 12- U.S. Treasury yields were steady on Wednesday afternoon following strong demand at auction for $23 billion in new supply of 10- year notes offsetting expectations that Thursday morning's consumer price data release will show swelling inflation. The U.S. Treasury Department on Wednesday sold $23 billion of 10- year government notes, with...

  • NEW YORK, Sept 12- The U.S. Treasury Department on Wednesday sold $23 billion of 10- year government notes to modest demand, with 22.64 percent of the supply taken by primary dealers, the lowest since January 2018. Primary dealers are responsible for absorbing any supply not bought by direct or indirect bidders. The offering was smaller than the $26 billion...

  • NEW YORK, Sept 12- U.S. Treasury yields drifted lower on Wednesday after data showed the first drop in August producer prices in 1-1/ 2 years and ahead of an auction of $23 billion in new supply of 10- year notes. Later on Wednesday, $23 billion of 10- year notes will be auctioned by the Treasury Department.

  • NEW YORK, Sept 11- The U.S. Treasury Department on Tuesday sold $35 billion of three-year government notes, the largest offering at this maturity since 2010, at a high yield of 2.821 percent, the highest since May 2007, Treasury data showed. The ratio of bids to the amount of three-year debt offered was 2.68, higher than 2.65 in August and 2.51 in July which was the...

  • NEW YORK, Sept 10- Foreign investors bought more U.S. government debt at auctions in late August, hinting at a pause from their pullback in purchases due to global trade tension and a strong dollar, government data released on Monday showed. The U.S. Treasury Department awarded overseas private and government accounts $4.426 billion of the $36 billion worth of...

  • Park Jin Hyok

    The hack on Sony Pictures came as a result of anger over the studio's film "The Interview," a comedy about a harebrained scheme to assassinate Kim Jong Un, the North Korean dictator.

  • A trader signals an offer in a Treasury note options

    Treasury yields have been in a summer lull since hitting their highest level since 2011 in May. Autumn should pave the way for a renewed push higher in yields, according to one top strategist.

  • The Internal Revenue Services offices in Washington, D.C.

    You're running out of time to tell Uncle Sam about your foreign bank account. Here's what you need to know.

  • President Donald Trump

    Wondering how a cut to capital gains taxes would impact you? Probably very little. 

  • Steven Mnuchin, U.S. Treasury secretary

    Last month, Mnuchin told CNBC he was "closely monitoring" the Chinese currency, the yuan.

  • Sec. Mnuchin: I respect independence of the Fed

    Treasury Secretary Steven Mnuchin discusses the Federal Reserve and Chairman Jerome Powell.

  • Sec. Mnuchin: We're not looking to harm Chinese economy

    Treasury Secretary Steven Mnuchin discusses the impact of trade actions on the Chinese economy and other global economies.