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More Treasury Articles

  • Treasury secretary promises executive action 'very, very soon' on inversions

    "Any company considering an inversion is now on notice that there is action that’s going to be taken,—� Lew said.

  • Foreign holdings of US Treasury securities dip

    WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities trimmed their holdings in July after hitting a record level in June. The two biggest purchasers, China and Japan, both cut back. The Treasury Department said Tuesday in its monthly report that foreign holdings dipped 0.3 percent in...

  • Treasury could act next week to prevent companies from leaving U.S.

    "They're preparing to act and they'll act as soon as they're ready," said Rep. Sander Levin, the ranking Democrat on the House Ways and Means Committee, which has jurisdiction over tax issues.

  • GOP tax writer: Treasury has a hidden tax-reform plan

    "I believe the Treasury Department has completed — or is very close to completing — such a plan, but refuses to make it public," House Ways and Means Committee Chairman Dave Camp said Wednesday.

  • Support wanes for stopping tax inversions before November elections

    Although lawmakers in both parties are concerned about them, Democrats aren't likely to call a vote regarding "tax inversions" before the election.

  • Treasury to limit profitability of overseas shifts

    WASHINGTON (AP) — The Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries, Treasury Secretary Jacob Lew said Monday. A growing number of U.S. companies are shifting...

  • Three Dodd-Frank rules the finance industry wants most to change

    Four years after the Dodd-Frank financial reform law passed Congress, most of its big regulatory provisions have been written. But that doesn't mean that the lobbying and politicking over the legislation is over.

  • New banking rules could raise cost of borrowing, critics warn

    New regulations intended to prevent future financial panics will force banks and other companies to hold more Treasury securities.

  • Former senators to lobby for Russian bank

    Former GOP Senate leader Trent Lott and former Democratic Senator John Breaux are lobbying for a Russian bank sanctioned by President Obama.

  • Treasury doctors banks' TARP data

    Treasury officials also made multiple math errors in summarizing the results of the surveys, Special Inspector General for the Troubled Asset Recovery Program Christy Romero said.

  • U.S. levels new sanctions against Iranian firms

    The U.S. Treasury Department on Friday penalized more than 25 entities and individuals it believes are involved in assisting Iran's nuclear program, supporting terrorism or aiding Tehran's evasion of U.S. and international sanctions.

  • Obama's segue from constructive tax proposals to low-grade demagoguery

    "The tax system should be simplified and work for all Americans with lower individual and corporate tax rates and fewer brackets." That's from the Obama administration's 2009 proposals for tax reform, straight from whitehouse.gov.

  • The Obama bank shakedown

    The Bank of America settlement "highlights a pattern of the government extorting the banks," said a former Wells Fargo CEO, and he's absolutely right.

  • US Treasury bill rates unchanged at weekly auction

    WASHINGTON (AP) — Interest rates on short-term Treasury bills were unchanged in Monday's auction with both the three-month and six-month bills going for the same rates as the previous week. The Treasury Department auctioned $29 billion in three-month bills at a discount rate of 0.030 percent,...

  • The White House hates tax inversions but won't criticize Burger King

    The White House resisted a chance Monday to denounce Burger King for potentially relocating its headquarters to Canada as part of a possible purchase of doughnut and coffee chain Tim Hortons, even though President Obama has repeatedly ripped such corporate moves.



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