Department of the Treasury
Latest
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Monthly Treasury Statement Shows $1.417 trillion Final Deficit Number for FY 2009
Read moreThe Monthly Treasury Statement is out, and states that Fiscal Year 2010 is off to a perilous start. The deficit for the month of October is ringing in...
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Treasury Ends Capital Assistance Program
Read moreYesterday, the Treasury announced that the Capital Assistance Program (CAP), one of TARP’s several programs, will close, having made no investments...
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Large Share of U.S. Debt Will Have to Be Refinanced
Read moreAccording to the Government Accountability Office (GAO), roughly $5.1 trillion in publicly traded U.S. Treasury bonds – or around 78 percent of our...
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GMAC Offers $2.9 Billion in Debt
Read moreThe General Motors Acceptance Corporation (GMAC), previously owned by General Motors, has offered $2.9 billion of three-year bonds in the private debt...
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A New TARP Program for Community Banks
Read moreThe Administration has just announced a new small business lending initiative under the Treasury’s TARP. According to a White House release, the new...
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A Really Big Deficit
Read moreThe message from the end of the year deficit number is clear: we must start planning how to get the deficit under control. A $1.4 TRILLION deficit is...
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TARP -- One Year Later
Read moreSaturday marked the one-year anniversary of the Troubled Asset Relief Program (TARP), established as part of the Emergency Economic Stabilization Act...
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Weekend Editorial Roundup
Read moreThis weekend, there have been a number of editorials about fiscal and budget policy. Among them: USA Today argued for "patching" the estate tax next...
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Treasury Ends Money Market Fund Guarantee
Read moreToday, the Treasury announced the end of the Guarantee Program for Money Market Funds. According to the Treasury, risk of a “catastrophic failure” of...
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A Brief History of (Financial) Time
Read moreThis week marks the one year anniversary of the Lehman Brothers collapse, an event that both seriously destabilized and ominously ruptured the U.S...
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The Lehman Collapse -- One Year Later
Read moreThis week marks the one year anniversary of the Lehman Brothers collapse, an event that both seriously destabilized and ominously ruptured the U.S...
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The Ups and Downs of Buttressing the Economy
Read moreYesterday, the Wall Street Journal posted an article discussing the FDIC’s soon-to-be urgent need to draw money from its $500 billion Treasury line of...