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• US hits Syrian cabinet members with sanctions

  July 18, 2012 11:40 AM

  WASHINGTON (AP) - The Obama administration is slapping financial sanctions on a huge swath of top members in Syrian President Bashar Assad's government, targeting the prime minister and 28 other cabinet ministers and senior officials. The Treasury Department announced the sanctions on Wednesday, hours after top Syrian officials were killed... more »

• Rule could cost child support debtors only income

  February 26, 2012 12:51 PM

  WASHINGTON (AP) - Advocates say thousands of poor and disabled men could lose their only income next year because of a change in how back child support is collected. Next year the government will start paying all federal benefits electronically. Under the old system, states could capture only 65 percent... more »

• Treasury to release corporate tax plan Wednesday

  February 21, 2012 8:44 PM

  WASHINGTON (AP) - The Obama administration will propose lowering the current 35 percent corporate tax rate, while at the same time eliminating loopholes and subsidies and imposing a minimum tax on the overseas profits of American companies. Administration officials said the Treasury Department on Wednesday will detail aspects of President... more »

• AIG repays $2.15 billion to bailout program

  August 18, 2011 4:42 PM

  WASHINGTON (AP) - American International Group Inc. has paid the federal government $2.15 billion this week after selling off a life insurance subsidiary, trimming its financial bailout balance to roughly $51 billion. The Treasury Department says the repayment comes from AIG's sale of its Nan Shan subsidiary. AIG has... more »

• Geithner says he will stay at Treasury

  August 7, 2011 4:12 PM

  WASHINGTON (AP) - Timothy Geithner has told President Barack Obama that he will remain on the job as Treasury secretary. The Treasury Department released a statement Sunday saying Geithner had informed the president of his decision to remain in the administration. Geithner is the only remaining top official on... more »

• Audit advises foreign securities for CO treasury

  July 12, 2011 6:17 PM

  DENVER (AP) - An audit of Colorado's Treasury Department recommends that it should consider expanding investments beyond only U.S. securities and look into foreign securities. Tuesday's audit says lawmakers should examine the possibility of eliminating statutory limits that require only domestic security investments. The audit conducted by Buck Global... more »

• US budget deficit this year: $1 trillion

  June 10, 2010 2:10 PM

  The budget deficit through the first eight months of the government's budget year is running slightly below last year's record-setting pace. Still, the country on track to record another $1 trillion-plus deficit. In its monthly budget report, the Treasury Department said that the deficit in May totaled $135.9 billion,... more »

• Government mortgage plan aids just 16% of borrowers

  March 12, 2010 2:29 PM

  The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, and hundreds of thousands of homeowners are in limbo without an answer. The Treasury Department says that as of last month, about 170,000 homeowners had completed the... more »

• Government readies changes to mortgage relief plan

  January 27, 2010 5:28 PM

  The Treasury Department plans on Thursday to unveil changes designed to streamline the burdensome paperwork for its foreclosure relief plan, according to people briefed on the matter. The tweaks to the problem-plagued program could help more borrowers complete loan modifications. But they are unlikely to placate critics who have... more »

• Another black mark against government mortgage bailout

  January 15, 2010 11:38 AM

  The Obama administration's mortgage relief plan provided help to only 7 percent of borrowers who signed up last year, another black mark for the struggling program. About 900,000 borrowers have enrolled in the $75 billion program since it launched in March, the Treasury Department says. But as of last month,... more »

• Citigroup to repay $20 billion in bailout money

  December 14, 2009 9:40 AM

  Citigroup is repaying $20 billion in bailout money it received from the Treasury Department, in an effort to reduce government influence. The New York-based bank was among the hardest hit by the credit crisis and rising loan defaults. It received $45 billion in government support as part of the Troubled... more »

• Treasury expects debt limit will be hit in December

  November 4, 2009 11:07 AM

  The Treasury Department expects to hit the government's debt limit in December, two months later than its initial estimate, after scaling back an emergency loan program as the financial crisis abated. Treasury Department officials say they're working closely with Congress to pass the legislation needed to boost the debt ceiling,... more »