Government Agencies Treasury Department

  • Federal Reserve Bank Chairman Ben Bernanke

    Bernanke is expected to renominated into office on Thursday, but he has his critics; some who have blasted Time's magazine's choice of the Fed Chief as "Person of the Year."

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    Bank holding company Washington Mutual has asked a federal court for the power to make the Federal Reserve, the U.S. Treasury, and a long list of other parties turn over documents and witness interviews related to the bank's 2008 collapse.

  • I'm in Las Vegas today doing a bunch of stories on the housing "recovery" here. Many of you may be wondering what ever happened to Katie, the subject of my "Lunacy in Las Vegas" blogs of a few months ago. 

  • Treasury Building

    The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase as part of the support it provided the bank during last year's financial crisis.

  • Wealth In America Report

    Americans remain pessimistic about the economy and have little trust in Washington's economic leadership— despite $1.5 trillion in federal spending on stimulus and bailouts, a new CNBC "Wealth in America Report" finds.

  • Jim Rogers

    Famed investor Jim Rogers says adding more to U.S. debt to combat the economic crisis is like telling Tiger Woods the solution to his problems is getting another girlfriend.

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    For the first time, today, the U.S. Department of Treasury is releasing the number of trial mortgage modifications in its $75 billion Home Affordable Modification Program that went permanent.

  • Foreclosure

    The nation’s foreclosure rate fell last month to its lowest level since February, according to new data, but the drop might be temporary.

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    Owners of small companies across the country are hoping a pair of federal programs boosted by economic stimulus spending will get a second chance in the form of new funding.

  • It has been a rough 2009 for the U.S. dollar—it’s almost down 11 percent, but 2010 could be a different story. David Dietze, president and chief investment strategist at Point View Financial Services shared his insights on the greenback.

  • Rep. Barney Frank (D-MA), chairman of the House Financial Services Committee (L), talks with Elizabeth Warren, Chair of the TARP Congressional Oversight Panel

    The head of the watchdog panel for TARP told CNBC that the bailout fund is not intended for job-creation program.

  • Financial Crisis

    The government's $700 billion bailout of the financial system helped prevent an all-out panic last fall but hasn't met many of the targets Congress set out, a watchdog panel says.

  • Ben Bernanke

    The Federal Reserve is still looking at an "extended period" for low interest rates because the economy remains weak and inflation is stable, Fed Chairman Ben Bernanke said.

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    Though there are a few key changes to keep in mind for your 2009 tax preparation, the estate tax and new taxes related to health care reform will definitely get your attention in 2010 and 2011.

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    The Obama administration will lose $200 billion less than expected from the federal bailout program and is looking at using part of the savings to fund new job creation efforts.

  • Government Bailout

    The Treasury Deaprtment expects to recover all but $42 billion of the $370 billion it has lent to ailing companies,  according to a new Treasury report.

  • Unemployment

    Even as he trumpeted a slowdown in the nation's job losses Friday, President Barack Obama put finishing touches on a proposal he'll unveil next week to "jump-start" business hiring across America.

  • Unemployment

    President Obama's options for spurring job growth may be limited by budge deficits, but with unemployment still  hovering at 10%,  he is warming to calls for a jobs-boosting bill.

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    A day after Bank of America announced that it would repay its federal bailout money, Citigroup and Mr. Pandit, its chief executive, were left in the uncomfortable position of being the last of the Wall Street giants to remain tethered to the state, the New York Times reported.

  • I am posting a response to yesterday's Treasury announcement about pushing lenders/servicers to make more trial modifications permanent under the government's housing bailout program (Home Affordable Modification).