U.S. Treasury Secretary Janet Yellen announced an additional “extraordinary" measure to buy time for government leaders to raise the nation's debt limit.
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Read More »January 24, 2023 Leave a comment
U.S. Treasury Secretary Janet Yellen announced an additional “extraordinary" measure to buy time for government leaders to raise the nation's debt limit.
Tagged with: debt limit u.s. treasury
Read More »December 14, 2021 Comments Off on Treasury awards $8.7B for lending in minority communities
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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Read More »October 7, 2013 Comments Off on White House open to short-term hike in debt limit
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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Read More »May 15, 2013 Comments Off on U.S. Treasury takes step to avoid hitting debt limit
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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Read More »July 30, 2012 Comments Off on Oil hovers near $90 amid Europe action hopes
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 ...
Tagged with: crude oil European Central Bank gas gas prices oil oil prices timothy geithner treasury secretary timothy geithner u.s. treasury
Read More »July 17, 2012 Comments Off on Foreign holdings of U.S. debt hit record high
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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Read More »January 18, 2012 Comments Off on Rising factory output gives economy a lift
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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Read More »July 18, 2011 Comments Off on Bank of America shares at two-year low below $10
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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Read More »June 29, 2011 Comments Off on IMF urges U.S. lawmakers to raise $14.3T debt limit
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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Read More »January 27, 2011 Comments Off on Sandy Spring turns profit, repays $83M in TARP funds
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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