Department of the Treasury
Latest
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Fannie and Freddie and the Budget
Read moreThe Obama Administration held a conference yesterday discussing how to fix federal housing programs, with the goal of submitting a comprehensive...
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CBO Issues Its Monthly Report on the Deficit, Outlays, and Revenues
Read moreThe Congressional Budget Office (CBO) issued its Monthly Review late last week (and today, the Treasury released its Monthly Statement for May). CBO...
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The Budgetary Impacts of Fed Actions
Read moreYesterday CBO issued a very interesting report on the budgetary impact of the Federal Reserve's actions to address the economic and financial crisis...
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Where the Treasury Stands with GM, Chrysler, and AIG
Read moreGM has been getting some prominent press coverage over the past few days, following their repayment of $4.7 billion to the Treasury on Tuesday. The...
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Market Watch Update: April 12-16
Read moreU.S. Treasury markets were relatively quiet most of this week, although some Friday morning news had translated into market gains, as of early...
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House Spenders Question Administration Troika on Deficits, Fiscal Commission, and Job Growth
Read moreIn today’s hearing before the full House Appropriations Committee, the troika (OMB Director Peter Orszag, Treasury Secretary Geithner, and Dr...
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Financial Report of U.S. Government
Read moreThe Treasury Department recently released its annual Financial Report of the U.S. Government, reporting on the budget deficit, net operating costs...
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Fed Earns Money, TARP Loses It
Read moreThe Federal Reserve announced, this morning, that it will transfer $46.1 billion in FY2009 profits over to the Treasury, higher than the $31.7 billion...
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GM and Wells Fargo Jump on the Bandwagon
Read moreGeneral Motors and Wells Fargo have both just announced that they intend to repay all of the $6.7 billion and $25 billion, respectively, in...
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TARP Winding Down as BofA Says It Will Repay Aid
Read moreSecretary Geithner recently said that the Administration will outline its exit strategy for TARP in the next few weeks, but the expiration date has...
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Will TARP be Renewed?
Read moreUPDATE: Treasury Secretary Geithner testified on Nov. 19 before the Joint Economic Committee, stating that "we are winding [TARP] down and will close...
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Administration Claims Extra TARP Cash Is Deficit Reduction
Read moreThis morning, a Wall Street Journal article reported that the White House intends to use some of the remaining TARP cash for deficit reduction, while...