Government Agencies Treasury Department

  • WASHINGTON, Jan 16- Many taxpayers who had too little federal income tax withheld from their 2018 pay, or who underpaid estimated tax payments for the year, will not have to pay a penalty, the U.S. Internal Revenue Service said on Wednesday. In a concession that had been widely awaited after sweeping tax law changes enacted in late 2017, the tax agency said:.

  • While the vote did not determine the fate in the Senate of the resolution, it broke with Republican President Donald Trump by paving the way for debate on the plan the Treasury Department announced in December to ease sanctions on the companies after Russian oligarch Oleg Deripaska agreed to lower his controlling stake in the firm.

  • WASHINGTON, Jan 15- The White House is considering former PepsiCo Inc Chief Executive Indra Nooyi, Treasury Department official David Malpass and Overseas Private Investment Corp CEO Ray Washburne among candidates to head the World Bank, an administration official said on Tuesday. The trio of names surfaced a day after officials said President Donald...

  • WASHINGTON, Jan 15- The White House is considering former PepsiCo Inc Chief Executive Indra Nooyi, Treasury Department official David Malpass and Overseas Private Investment Corp CEO Ray Washburne among candidates to head the World Bank, an administration official said on Tuesday. The trio of names surfaced a day after officials said President Donald...

  • Portrait of family in front of suburban home

    The clock is ticking down toward the start of tax season, and accountants are warning that it could be messy. Here's your cheat sheet to help you simplify the process.

  • WASHINGTON, Jan 15- The second-ranking Democrat in the U.S. House of Representatives said on Tuesday he would ask the Treasury Department to delay the lifting of sanctions on companies tied to Russian oligarch Oleg Deripaska until Feb. 28 to give Congress time to review the decision. House Majority Leader Steny Hoyer told reporters he would call Treasury...

  • WASHINGTON, Jan 15- The second-ranking Democrat in the U.S. House of Representatives said on Tuesday he would ask the Treasury Department to delay the lifting of sanctions on two companies tied to Russian oligarch Oleg Deripaska to give Congress time to review the decision. House Majority Leader Steny Hoyer told reporters he would call Treasury Secretary...

  • WASHINGTON, Jan 9- Democrats in the U.S. House of Representatives are considering holding hearings on the impact of the partial government shutdown on the Internal Revenue Service, with a focus on its ability to get refunds to taxpayers on time, a top lawmaker said on Wednesday. Representative Richard Neal, chairman of the tax-writing House Ways and Means...

  • Treasury yields rose to their highest this year on Wednesday as optimism that the United States would reach a trade deal with China boosted risk appetite, and before the Treasury Department was due to sell a new 10- year supply. "There were reports about progress in the China, U.S. trade negotiation, although no deal has been struck yet. Nonetheless there is a sense...

  • Secretary of Treasury Steven Mnuchin speaks during the daily press briefing at the White House in Washington, DC, January 11, 2018.

    The United States imposed sanctions on Tuesday that target a Venezuelan currency exchange network scheme that siphoned billions of dollars to corrupt insiders of the Venezuelan government, the U.S. Treasury Department said.

  • NEW YORK, Jan 3- The U.S. Internal Revenue Services is closed, thanks to the government shutdown, but your taxes are still due on April 15 and that is why individuals need to proceed through tax season as if nothing is amiss, experts say. It is "way more complicated than first blush would make it seem," said tax preparer David Tolleth in Holmdel, New Jersey.

  • The markets are signaling a slower 2019, says Roger Altman

    Roger Altman, former deputy treasury secretary, joins CNBC's "Squawk on the Street" to talk about the slowing economy, trade and the Fed.

  • MOSCOW, Dec 25- Russian Finance Minister Anton Siluanov said he hoped that bilateral commitments between Rusal and the U.S. Treasury Department are fulfilled that would allow the lifting of U.S. sanctions against the Russian aluminium company next year. Treasury said it would lift sanctions on the core empire of Russian businessman Oleg Deripaska, including...

  • WASHINGTON, Dec 24- President Donald Trump blasted the Federal Reserve on Monday, describing it as the "only problem" for the U.S. economy, as top officials discussed a growing rout in stock markets caused in part by the president's attacks on the central bank. U.S. financial regulators told the Treasury Department on Monday they were not seeing anything out of the...

  • Mnuchin statement was a mistake no matter how you slice it, says former deputy Treasury Secretary Roger Altman

    Former Clinton Administration deputy Treasury Secretary Roger Altman discusses Secretary Mnuchin's controversial statement on liquidity over the weekend.

  • Infrastructure is not a crutch people should be leaning on to fix the economy, says Peter Boockvar

    Bleakley Advisory Group chief investment officer Peter Boockvar discusses the big market sell-off today.

  • President Donald Trump speaks alongside Treasury Secretary Steven Mnuchin (R) during a meeting in the Roosevelt Room at the White House Feb. 22, 2017.

    The Christmas Eve call with the group, which has been referred to as the "Plunge Protection Team," was scheduled to discuss coordinating agencies' functions during the shutdown, a senior administration official told CNBC.

  • Senior Treasury official: Mnuchin call was a check-in, not a panic

    CNBC's Sara Eisen reports on a senior Treasury official stating that Secretary Mnuchin's call with bank CEOs was a routine call meant to check in, not instill fear.

  • WASHINGTON, Dec 24- The Trump administration is arranging a phone call on Monday with top U.S. regulators to discuss financial markets as stocks fell again amid concern about slowing growth, the government shutdown and the independence of the Federal Reserve, the Treasury Department said. Treasury Secretary Steven Mnuchin will host the call with the...

  • Steven Mnuchin, U.S. Treasury secretary, speaks during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington, D.C.

    Treasury Secretary Steven Mnuchin also says on Fox Business that "U.S. equities are a tremendous value."