The action under the new Republican tax law pits the government against high-tax, heavily Democratic states in an election-year showdown.
Tagged with: deductions maryland states Taxes treasury department
Read More »August 24, 2018 Comments Off on Govt acts to stop high-tax states from skirting $10K cap
The action under the new Republican tax law pits the government against high-tax, heavily Democratic states in an election-year showdown.
Tagged with: deductions maryland states Taxes treasury department
Read More »January 12, 2015 Comments Off on Obama Treasury pick pulls out
(AP) A Wall Street banker nominated by President Barack Obama to be the third-ranking official at the Treasury Department has pulled out of contention for the post in the face of Democratic opposition. The White House says Antonio Weiss asked ...
Tagged with: treasury department
Read More »September 1, 2014 Comments Off on Mistakenly got subsidies? You may owe Uncle Sam
Consumers getting government subsidies for health insurance who are later found ineligible for those payments will owe the government, but not necessarily the full amount, the Treasury Department said late last week.
Tagged with: treasury department
Read More »December 9, 2013 Comments Off on Government sells remaining stake in GM
DETROIT — The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse. The Treasury Department sold its final shares of the Detroit auto giant on Monday, recovering ...
Tagged with: bailout general motors Manufacturing Stocks treasury department
Read More »November 13, 2013 Comments Off on Cuts help drop federal deficit in October
WASHINGTON — The U.S. government started the first month of the 2014 budget year with a $91.6 billion deficit, signaling further improvement in the nation’s finances at a time when lawmakers are wrestling to reach a deal that would keep ...
Tagged with: federal budget treasury department
Read More »October 4, 2013 Comments Off on Dems say it’s time for GOP to unite, end shutdown
WASHINGTON — President Barack Obama decided to stay home from economic summits in Asia as Democrats stepped up pressure on congressional Republicans to rein in their tea party faction and reopen the government with no strings attached. House Republicans said ...
Tagged with: Barack Obama breaking news Government great recession obamacare shutdown social security treasury department
Read More »September 27, 2013 Comments Off on FHA to draw $1.7B from Treasury to cover losses
WASHINGTON — A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in a mortgage programs for seniors. At issue are reverse mortgage programs, which allow seniors to borrow against their ...
Tagged with: Banking Congress federal housing administration housing loan loans Real Estate treasury department
Read More »August 20, 2013 Comments Off on Ally to pay government $5.2B for preferred stock
DETROIT — Auto financing and banking company Ally Financial took a big step toward exiting U.S. government ownership Tuesday, announcing a deal to pay taxpayers $5.2 billion for preferred stock granted in a 2009 bailout during the financial crisis. Ally, ...
Tagged with: ally financial bailout bank Banks federal reserve Government Stocks treasury department
Read More »July 29, 2013 Comments Off on Bernanke to give deposition in AIG bailout lawsuit
WASHINGTON — A U.S. judge has ordered that Federal Reserve Chairman Ben Bernanke can be questioned in a lawsuit against the government filed by the former head of American International Group Inc. It is rare for a Fed chairman to ...
Tagged with: american international group bailout Ben Bernanke Business federal reserve Law legal news treasury department
Read More »July 16, 2013 Comments Off on Health law’s rule delay could hamper enforcement
WASHINGTON — There’s a bit of a domino effect undercutting President Barack Obama’s health care law. Enforcement of the overhaul’s central mandate — that individual Americans must have coverage — could be weakened by the Obama administration’s recent delay of ...
Tagged with: Barack Obama coverage enforcement Insurance Law obamacare treasury department united states
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