Content Tagged As treasury

2 years 1 month ago

Fremont County DMV, Treasury Burglarized

The Fremont County Administrative Building will remain closed until Monday while detectives work to determine who broke in overnight on Wednesday. According to sheriff's deputies, the burglars broke in through a window on the roof then lowered themselves into the building through a ceiling tile and ransacked the Department...

3 years 6 months ago

'Really close' to debt deal as deadline nears

WASHINGTON (AP) -- Racing to avoid a government default, President Barack Obama and Republican congressional leaders reached urgently for a compromise Sunday to permit vital borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts. Senate Republican Leader Mitch McConnell said the two sides were...

3 years 7 months ago

Treasury inviting big banks to debt meeting

WASHINGTON (AP) - Executives from the nation's largest banks will have an opportunity Friday to ask Treasury Department officials face to face about what will happen if Congress fails to raise its borrowing limit before next week's deadline. The Treasury invited the 20 largest banks to a meeting to discuss...

4 years 4 months ago

Two-year bonds at record low rate

NEW YORK (AP) - Investors are lending money to the government at a record low rate for two-year debt. The Treasury sold $35 billion in two-year notes on Tuesday at 0.40 percent, the lowest yield ever for an auction of two-year notes. Last month, the Treasury auctioned the notes...

4 years 11 months ago

U.S. to sell entire stake in Citigroup

The U.S. Treasury said on Monday it would sell the 7.7 billion Citigroup common shares it owns over the course of 2010 under a prearranged written trading plan. The Treasury, which acquired a 27 percent stake in Citigroup during bailouts of the banking giant in 2008 and 2009, said...

5 years 5 months ago

Federal deficit hits $1.38 trillion in August

The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year. The soaring deficits have raised worries about the willingness of foreigners to keep purchasing Treasury debt. The Chinese, now the largest foreign owners of U.S. Treasury securities, have...

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