Department of the Treasury
Latest
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Budget Deficit Increases 34% in October
For Immediate Release The Department of Treasury today announced that the deficit in October was $134 billion – a 34 percent increase from October...
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Treasury: 2019 Deficit was $984 Billion
The Treasury Department released final budget numbers for Fiscal Year (FY) 2019 today, showing last year's deficit totaled $984 billion, a $205...
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Treasury: 2018 Deficit was $779 Billion
The Treasury Department today released a fiscal year-end report showing that the deficit for FY 2018 increased to $779 billion, a $113 billion (or 17...
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The Federal Financial Statement Transparency Act of 2014
Congressman Jim Renacci (R-OH) introduced the The Federal Financial Statement Transparency Act of 2014 today. This legislation would make major...
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One-Month T-Bill Shows Market Skittishness
As we continue to approach the October 17 deadline when the Treasury Department estimates that extraordinary measures will be exhausted, leaving...
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GAO: The Debt Limit Fight Cost the Treasury $1.3 Billion
With the debt ceiling projected to come back in play sometime in December or January, it is helpful to be reminded of the cost of the last debt...
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Between the ‘Line’s: Feeling the Heat, Coming Clean, and Disaster Dilemma
Feeling the Heat – As most of us return to work this week nursing sunburns and swapping stories of grilling glory, the heat is on in Washington, at...
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Treasury Begins Extraordinary Measures
Update 5/16: Today, Treasury has reached the legal limit on how much debt it can issue at $14.294 trillion. Beginning today , the Treasury is...
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Between the ‘Line’s: Limits, Meetings, Triggers, and Cloture
Bumping Up on the Debt Ceiling – On Monday, Treasury Secretary Tim Geithner sent a letter to congressional leaders saying that his department this...
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‘Line’ Items: Brackets and Budgets Edition
Brackets – As many busy themselves today going over the brackets for the big tourney, picking the next Cinderella and who will win it all, the real...
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Good News, Taxpayers!
Last month, we reported the positive developments that were happening with the major players--GM, Citigroup, and AIG--still left in the Troubled Asset...
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Fed Pays Record $78.4B to Treasury from Interest on Risky Assets
Yesterday the Federal Reserve announced it would be paying a record $78.4 billion to the U.S. Treasury for 2010. It accumulated this large sum from...