The budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020.
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Read More »October 22, 2021 Comments Off on US budget deficit hits $2.77 trillion in 2021, 2nd highest ever
The budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020.
Tagged with: federal deficit treasury
Read More »May 27, 2021 Comments Off on Economic recovery likely to be ‘bumpy,’ Yellen says
Treasury Secretary Janet Yellen says the economic recovery is going to be “bumpy,” with high inflation readings likely to last through the end of this year.
Tagged with: Economy recovery treasury
Read More »May 21, 2021 Comments Off on US proposes 15% minimum tax on global corporate profits
The U.S. Treasury Department said Thursday that it supports a global minimum corporate tax rate of at least 15% — below the 21% minimum it has been seeking to impose on the foreign profits of U.S.-based companies.
Tagged with: corporate taxes profits Taxes treasury
Read More »July 16, 2013 Comments Off on Maryland pensions see 10.6 percent return
An improving stock market helped Maryland’s $40.25 billion pension system enjoy a 10.6 percent return on investment in fiscal 2013, the Maryland State Retirement Agency announced Tuesday.
Tagged with: Government maryland pensions treasurer nancy k. kopp treasury
Read More »January 30, 2013 Comments Off on Fed says growth pause temporary, keeps up stimulus
WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy “paused” in recent months because of temporary factors and reaffirmed its commitment to try to stimulate growth by keeping borrowing cheap for the foreseeable future. The Fed took no ...
Tagged with: Economy fed federal reserve growth interest rate Recession treasury
Read More »January 14, 2013 Comments Off on JPMorgan told to fix controls tied to $6B loss
WASHINGTON — JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion. Federal regulators are also citing the nation’s largest bank ...
Tagged with: Banks federal reserve Government jpmorgan regulations treasury
Read More »November 14, 2012 Comments Off on Fed minutes suggest new bond-buying plan is likely
WASHINGTON — The Federal Reserve may be preparing to take further steps to stimulate an economy that remains too weak to reduce high unemployment. Minutes of the Fed’s Oct. 23-24 policy meeting, released Wednesday, suggest that it might unveil a ...
Tagged with: bonds Economy fed federal reserve growth treasury
Read More »September 18, 2012 Comments Off on China boosts holdings of Treasury debt to $1.15 trillion
WASHINGTON — Foreign demand for U.S. Treasury securities rose to a record level in July and China increased its holdings after two months of declines. The Treasury Department said Tuesday that total foreign holdings rose 0.7 percent in July to ...
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Read More »September 13, 2012 Comments Off on Fed’s bold steps aimed at hastening recovery
WASHINGTON — The Federal Reserve unleashed a series of bold and open-ended steps Thursday designed to stimulate the economy by boosting the stock market and making it cheaper for people to borrow and spend. The Fed said it will spend ...
Tagged with: bond purchases federal reserve growth inflation rates treasury Unemployment unemployment rate
Read More »August 1, 2012 Comments Off on Fed says U.S. economy has slowed, takes no new steps
WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to stimulate growth if the job market doesn’t show sustained improvement. The Fed took no new action after ...
Tagged with: chairman ben bernanke Economy federal reserve growth treasury united states
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