Content Tagged As treasury_secretary_timothy_geithner

2 years 1 month ago

Treasury to release corporate tax plan Wednesday

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...

4 years 3 months ago

Treasury Secretary embroiled in controversy

The Federal Reserve Bank of New York pressed American International Group to withhold details of controversial deals that funneled billions in bailout money to Goldman Sachs and other banks. E-mails show lawyers representing the New York Fed asked AIG to remove the information from a draft financial disclosure. Treasury Secretary...

4 years 7 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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