Quantcast

Tag Archives: treasury secretary

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 ...

Read More »

Panel finds financial crisis was avoidable

WASHINGTON — The government-appointed panel investigating the roots of the financial crisis says the meltdown occurred because government officials and Wall Street executives ignored warning signs and failed to manage risks. The crisis could have been avoided, the Financial Crisis ...

Read More »

Treasury Secretary Geithner says bailout will cost less than $25B

WASHINGTON — Treasury Secretary Timothy Geithner said Thursday that the $700 billion financial bailout will end up costing taxpayers less than congressional analysts have estimated. The Congressional Budget Office has estimated that taxpayers will lose $25 billion on the rescue ...

Read More »

Buffett thanks Uncle Sam for helping economy

OMAHA, Neb. — Billionaire Warren Buffett wants people to know he thinks the U.S. government performed well during the economic meltdown of 2008. So the chairman and CEO of Berkshire Hathaway Inc. wrote a thank-you note to “Uncle Sam” that ...

Read More »