The watchdog charged with monitoring the government's $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness.
Under fire for the low number of people receiving long-term mortgage help, the Treasury Department on Thursday announced new guidelines that will require applicants to provide all paperwork before getting a trial modification.
Hundreds of thousands of troubled homeowners who are making lower mortgage payments on a trial basis are at risk of being kicked out of President Obama's foreclosure-prevention program.
Executives for mortgage companies and government officials faced an angry congressional committee Tuesday concerning some of the problems with the Obama administration's mortgage-aid program aimed at avoiding foreclosures.
For the federal government, this has been the year of spending dangerously.
The government is finding no shortage of willing buyers for its debt as the shaky economy continues to spur demand for safe haven assets.
Just as federal officials seek to wind down many bailout programs, the Obama administration announced Monday yet another initiative to prop up the housing market.
Treasurys fell Monday after the government received strong demand for its sale of $7 billion worth of 10-year Treasury Inflation Protected Securities.
Lawmakers are quickly learning that "too big to fail" may be too complex to legislate away.
For some, the slow, steady demise of TARP cannot happen soon enough.
The watchdog charged with monitoring the government's $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness.
Under fire for the low number of people receiving long-term mortgage help, the Treasury Department on Thursday announced new guidelines that will require applicants to provide all paperwork before getting a trial modification.
Hundreds of thousands of troubled homeowners who are making lower mortgage payments on a trial basis are at risk of being kicked out of President Obama's foreclosure-prevention program.
Executives for mortgage companies and government officials faced an angry congressional committee Tuesday concerning some of the problems with the Obama administration's mortgage-aid program aimed at avoiding foreclosures.
For the federal government, this has been the year of spending dangerously.
The government is finding no shortage of willing buyers for its debt as the shaky economy continues to spur demand for safe haven assets.
Just as federal officials seek to wind down many bailout programs, the Obama administration announced Monday yet another initiative to prop up the housing market.
Treasurys fell Monday after the government received strong demand for its sale of $7 billion worth of 10-year Treasury Inflation Protected Securities.
Lawmakers are quickly learning that "too big to fail" may be too complex to legislate away.
For some, the slow, steady demise of TARP cannot happen soon enough.
Ten leading banks won approval to repay money from the government's controversial TARP program, regulators said Tuesday, which could represent approximately $68 billion in bailout funds returned to taxpayers.
At long last, the end of TARP may be here for some big banks.
Lending at the nation's top banks perked up in March, according to a government report issued Friday, even as the U.S. economy continued to be mired in a painful recession.
Six life insurance companies have qualified to receive billions of dollars in bailout money under the government's Troubled Asset Relief Program, according to the U.S. Treasury Department.
Newly released documents highlight the urgency last fall at the Treasury Department for the CEOs of nine major banks to accept billions of taxpayer dollars as the government worked to rescue the nation's banking system.
If the government is hoping for a coordinated response from the banking sector with its latest toxic asset plan, it better not hold its breath.
Why is it so hard to get an honest answer from our politicians? We learned today that a member of Congress hasn't been truthful with us about the AIG bonuses, and we have a pretty good idea now that some in the Obama administration's Treasury Department haven't been entirely forthcoming either.
Treasury prices held in a tight range Monday as investors weighed $180 billion worth of government debt auctions later in the week with U.S. stocks at 12-year lows.
The Treasury Department offered up details Tuesday for 23 regional banks that received a combined $365 million in the latest round of government bailout funding.
The "massive overhaul" of the banking bailout will be announced a day later than expected.
The Treasury Department announced Tuesday that it had provided about $386 million in investment capital to 23 local banks in an effort to make cash available to small businesses and consumers.
The Treasury Department said Thursday it will give regulators two extra weeks to approve thrift and bank holding company applications and so effectively extend the time for some firms to seek rescue funds.
Stocks fell Tuesday in a sparsely traded session as the market limps toward the end of a brutal year.
There wasn't much holiday good cheer on Wall Street Friday morning after the collapse of the Big Three bailout in the Senate late Thursday night. But investors started to feel merrier later in the day as hopes grew for a loan from the Treasury Department instead.
The Treasury Department better order some new checkbooks.
The Federal Reserve and Treasury Department on Tuesday unveiled a plan to pump $800 billion into the struggling U.S. economy in an attempt to jumpstart lending by banks to consumers and small businesses.
On Oct. 14, the U.S. Treasury announced it would spend $250 billion of taxpayer money to buy shares in U.S. banks. The feds hope that the infusion will resolve the financial crisis paralyzing the economy. Here, in 300 words or less, is everything you need to know about it.
When the Treasury Department first unveiled its plan to buy stakes in banks last month, the move was heralded as a potential savior for fast-sinking banks and financial firms.
The federal government issued another $976.5 million worth of economic stimulus checks to American households in October, the Treasury Department announced Friday.
Lawmakers from both sides of the aisle Tuesday backed a Treasury Department plan to use part of the $700 billion bailout package to buy shares in U.S. banks.
Britain unveiled a $87.4 billion rescue package for its battered banking system Wednesday as global stocks prices continued to crumble under the weight of the unrelenting financial crisis.
Coming to the rescue of a bedrock of American investing, the Treasury Department and the Federal Reserve took three big steps Friday to shore up the $3.3 trillion U.S. money-market fund industry.
The Treasury Department is close to finalizing plans to effectively take over beleaguered mortgage buyers Fannie Mae and Freddie Mac, according to a report published Friday.
The following statement was posted online by the U.S. Department of the Treasury:
The Treasury Department said Friday that it sent out 9.7 million economic stimulus checks this week, totaling $7.5 billion. Only two weeks remain until the majority of the stimulus payments are distributed, according to the Treasury Department.
The Treasury Department said Friday that it sent out 9.1 million economic stimulus checks this week, totaling $6.9 billion.
The Treasury Department said Friday it sent out 9.5 million economic stimulus payments this week, totaling more than $7 billion.
A federal appeals court ruled Tuesday that the U.S. Treasury Department is violating the law by failing to design and issue currency that is readily distinguishable to blind and visually impaired people.
The U.S. discriminates against blind people by printing paper money that makes it impossible for them to distinguish among the bills' varying values, a federal appeals court ruled
The Treasury Department said Friday it sent out more than 15 million economic stimulus payments this week, totaling more than $13.5 billion, in an effort to boost the nation's spending power.
Nearly 8 million taxpayers found some extra money in their bank account this week, courtesy of the U.S. Treasury.
You know how good it feels when you fish a $10 bill out of your jeans pocket right before it hits the wash. Imagine coming into hundreds of dollars from a savings bond or a bank account you forgot about.
The Federal Reserve would have the power to regulate virtually the entire financial industry under a Treasury Department proposal to be announced Monday.
Earlier this week, the Treasury Department and Wall Street banks tried to calm the nerves of investors about the state of a key short-term debt market.
The U.S. Treasury department said Thursday it was keeping a close eye on financial market activity as stock prices slumped in early trading on worries about subprime mortgage sector problems.
A federal judge has ruled that the U.S. Treasury Department is violating the law by failing to design and issue currency that is readily distinguishable to blind and visually impaired people.
U.S. Treasury debt prices fell on Friday amid worries that an anticipated Fed interest rate cut in early 2007 may be delayed after surprisingly upbeat manufacturing conditions and consumer confidence data.
U.S. Treasury debt prices extended losses Wednesday after a strong report on private sector employment growth for June, which indicated that Friday's influential non-farm payrolls report could be robust.
In an effort to track the flow of terrorist money in the wake of the Sept. 11, 2001, attacks, the Treasury Department obtained data from an international cooperative that transmits information between financial institutions worldwide, both the department and the cooperative said.
The Great Savings Bond Treasury Hunt
Welcome to MONEY's annual report on the year's most important funds. The 725 stock funds have combined assets in excess of $3.7 trillion and hold 87% of all the wealth in stock funds. The 275 bond entries, with $846 billion, represent 71% of bond fund dollars. To see how the funds you own--or those you are considering--fared, read on.
As we face a new year, it's a great time to take steps to protecting ourselves and our families from some of the disasters we saw last year. In today's 5 Tips we're going to tell you what you can do right now to avoid those pitfalls.
The president's tax-reform advisory panel submitted two final proposals Tuesday morning to the Treasury Department, both of which offer significant changes to the tax breaks people have come to expect -- as well as to the complexity and costs of filing that many have come to detest.
U.S. Treasury debt prices fell Thursday as factory surveys showing an energy-related jump in prices renewed inflation fears, while the dollar rose against the euro and the yen.
Treasuries were muted Thursday as an employment report offering an upbeat sign for the labor market wasn't enough to move bonds off the gains reached in the previous session following news that the Treasury Department would resume selling the 30-year bond.
With the world situation looking very "iffy," I'm looking for some safe places to put my money. Specifically, I'm thinking of small stocks and international funds. What do you think?
In bond land, a big event begins today: the quarterly refunding. This happens four times a year when the Treasury department sells a bunch of new notes and bonds to take the place of the ones that are maturing.
U.S. Treasury prices dropped Monday on a government report that showed solid increases in personal income and spending, factors that may lead to an eventual pickup in inflation.
U.S. Treasury prices continued their recent downtrend and dipped Tuesday as traders remained wary of the all-important payroll figures scheduled for release at the end of the week.
U.S. Treasury prices jumped Friday after the trade deficit in June came in far wider than expectations on falling exports, a key measurement in gross domestic product that may lower expectations for economic growth.
U.S. Treasury prices posted solid gains Thursday as record high oil prices raised concerns that the economic recovery may hit a prolonged slump.
U.S. Treasury bonds made a slight push upward Monday on news that terrorists plan to attack financial centers with truck bombs, but they failed to climb as high as expected after the release of strong economic data.
U.S. Treasury prices fell Friday after a closely watched measure of inflation came in higher than previously reported.
U.S. Treasury prices dropped Thursday in an initial reaction to firm inflation and jobs figures, although the losses were limited amid additional unrest in the Middle East.
U.S. Treasury prices slid Wednesday as lower oil prices boosted equity markets, making safe haven investments less attractive, while fears over a strong payrolls report and better-than-expected auto sales pressured bonds.
U.S. Treasury prices rose Friday, sending yields down from two-year highs, as investors sought out fixed-income securities after a lower-than-expected reading on consumer sentiment.
U.S. Treasury prices fell slightly Thursday on a report that showed manufacturing in the mid-Atlantic region surged in early April, offsetting a jump in initial jobless claims.
U.S. Treasury prices rose Wednesday as the government issued a strong report on orders for long-lasting goods. Excluding transportation orders, however, the report came in on the soft side.
U.S. Treasury prices fell Wednesday, pushing yields higher, as investors awaited note auctions and anticipated an improving picture of the employment market when figures are released later in the week.
It was another bad year for stock funds. Economic uncertainty--plus major blowups like Qwest and WorldCom--handed the market its third straight losing year. While few diversified equity funds remai...
The Treasury Department's recent announcement that it wants to buy back bonds as part of an effort to eliminate the federal debt may have some unforeseen implications. Sure, the move toward debt-fr...
To boost the flagging sales of savings bonds, the Treasury Department will begin selling an inflation-indexed version on Sept. 1. As with the 10- to 30-year inflation-indexed Treasuries already on ...
Got an expensive retirement fantasy? How about a real-world college bill coming your way? Whatever your goals, you'll probably need some help getting there, and the funds listed here are some of th...
IN THE FIRST MAJOR PAPER CURRENCY REdesign since 1929, the Treasury Department created the new C-note pictured below, which could begin circulating as early as next month, to thwart counterfeiters....
If you are wavering between a fixed-rate mortgage and one with an adjustable rate, the case for fixed rates just got stronger. The Treasury Department's plan (announced in May) to sell more short-t...
The Treasury Department cut the minimum guaranteed rate on Series EE savings bonds to 4% from 6% as of March 1. Even so, EEs may remain a smart buy. The interest is exempt from state and local taxe...
With yields on certificates of deposit down to 5% or less, investors are scrambling for higher yields. The biggest rush may come over the next few weeks, when an estimated $150 billion in CDs -- pu...
Which financial institutions do Americans trust these days? The surprising answer, according to a MONEY/ABC News survey, is that you favor banks and credit unions over the U.S. Treasury itself. In ...
As Congress and the Treasury Department scramble to shore up the sagging banking system (see the table below), savvy consumers are posing a more fundamental question: Do I really need a bank at all...
Lately a lot of investors have been pledging allegiance to U.S. Government money funds. In the five months through early November, $16 billion poured into government money markets -- four times the...
The Treasury Department, which last summer put a $73 billion pricetag on the S&L disaster, has increased its estimate to between $90 billion and $130 billion. Over the same period, the General Acco...
Seesawing interest rates have taught fund investors the hard way that long- term bonds can be just as volatile as stocks. Some short-term bond funds offer a smoother ride but only at a sacrifice --...
Nobody calls them chicken funds, but that is what they are. Securities firms are coaxing wary investors back into the market by pitching products with ''money-back'' guarantees. These are hybrid mu...
Your policies don't say that, but if you die owning them they might as well, because then the payouts could be included in your taxable estate. Without insurance, most people's taxable assets fall ...
The Treasury Department once again has announced that it is considering reducing the 7.5% guaranteed annual rate on newly issued Series EE savings bonds held to their five-year maturities. Twice ea...
To high-tax-bracket investors, state and local bonds have long been the land of milk and honey, offering tempting yields that looked sweeter still on an after-tax basis. But the Reagan Administrati...
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