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Tag Archives: treasury department

Obama delays request for $1.2T debt limit increase

HONOLULLU — President Barack Obama is delaying his request for another $1.2 trillion increase in the nation’s debt limit at the request of congressional leaders. It’s basically because of a technicality. The White House had been ready to ask for ...

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FDIC backs ban on banks trading for own profit

WASHINGTON — Banks would be barred from trading for their own profit instead of their clients’ under a rule federal regulators proposed Tuesday. The Federal Deposit Insurance Corp. backed the draft rule on a 3-0 vote. The ban on so-called ...

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Bethesda-based Monument Bank gets Treasury Department funds

Monument Bank of Bethesda received $11.4 million through the federal government’s Small Business Lending Fund, the U.S. Treasury Department announced. The SBLF is a voluntary program intended to encourage small business lending by providing capital to qualified community banks at ...

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FAA compromise could save service in Hagerstown

WASHINGTON — The Senate has approved legislation ending a two-week partial shutdown of the Federal Aviation Administration and President Barack Obama signed it into law, clearing the way for thousands of employees to return to work and hundreds of airport ...

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Treasury confirms deadline for raising debt limit

WASHINGTON — The Treasury Department says Congress has one month to raise the nation’s borrowing limit or the government will default on its debt. Treasury officials are confirming the Aug. 2 deadline in a monthly update that assesses the nation’s ...

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Government faults 3 lenders over mortgage-aid efforts

WASHINGTON — The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they’ve done little to help people at risk of losing their homes. The Treasury Department said Thursday that ...

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