Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: treasury department

Obama Treasury pick pulls out (access required)

(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 ...

Read More »

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.

Read More »

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 ...

Read More »

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 ...

Read More »

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, ...

Read More »

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 ...

Read More »