The U.S. Treasury Department announced the release of $8.7 billion to help increase lending to small and minority-owned businesses and people living in poorer communities.

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WASHINGTON — Senate Democrats intend to introduce legislation by mid-week to raise the nation’s debt limit without the type of unrelated conditions Republicans have said they intend to seek, officials said Monday, as the White House signaled it would accept ...

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WASHINGTON — The federal government says it will temporarily suspend sales of U.S. Treasury securities to state and local governments at noon on Friday, the first step to avoid breaching the nation’s borrowing limit. The move announced Wednesday by Treasury ...

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The price of oil hovered near $90 a barrel on Monday, holding onto most of the previous week’s gains, as expectations remain elevated that the European Central Bank would act to prevent Spain’s financial woes from deepening. By early afternoon ...

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WASHINGTON — Foreign demand for U.S. Treasury securities rose to a record level in May. China, the largest buyer of Treasury debt, increased its holdings for the second straight month. The Treasury Department says total foreign holdings rose 1 percent ...

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WASHINGTON — U.S. factories are roaring back from the depths of the recession, cranking out more machinery, vehicles and energy. Factory production has surged 15 percent above its lows of 2½ years ago and is helping drive the economy’s recovery. ...

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NEW YORK — Bank of America shares hit a two-year low Monday. The stock fell 3.6 percent in midday trading, hitting a low of $9.53. It is the only large bank with a share price in the single digits. Most ...

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WASHINGTON — The International Monetary Fund urged U.S. lawmakers Wednesday to raise America’s borrowing limit. It warned that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets. The debt limit ...

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Sandy Spring Bancorp Inc., the parent company of Sandy Spring Bank, not only reported a profit for the fourth quarter of 2010, but said Thursday it had paid off the $83 million in preferred stock issued to the U.S. Treasury ...

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Maryland will receive $23 million for its small business loan guarantee program from a federal jobs bill signed last week, the state and U.S. Treasury will announce Friday. “Innovative local initiatives that support small business lending are under extraordinary pressure ...

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