The Eighth Circuit heard arguments Tuesday over whether the diversion of Fannie Mae and Freddie Mac’s profits to the U.S. Treasury Department after the 2008 financial crisis illegally stiffed shareholders.
Read moreIn a ruling Thursday, the Seventh Circuit upheld the Federal Housing Finance Agency’s authority to divert Fannie Mae and Freddie Mac’s future profits to the U.S. Treasury Department as a condition of their $188 billion bailout during the 2008 financial crisis.
Read moreThe Treasury Department announced Monday that the government borrowed a record $488 billion in the January-March quarter, but officials expect borrowing needs will decline sharply for the current April-June quarter.
Read moreThe lawyer representing adult film star Stormy Daniels asked the U.S Treasury Department Tuesday to share its suspicious activity report regarding an “illicit and shadowy” payment made to Daniels as part of a nondisclosure agreement over her alleged affair with President Donald Trump.
Read moreThe Treasury Department said Monday that the federal budget deficit ballooned to $215.2 billion in February, up significantly from a year ago.
Read moreThe U.S. Treasury Department issued sanctions Tuesday against two officials it describes as “key leaders of North Korea’s unlawful weapons programs.”
Read moreThe Trump administration is now estimating the Republican tax bill will generate about $1.8 trillion in new tax revenue over 10 years by boosting economic growth.
Read moreA former deputy for Turkish President Recep Tayyip Erdogan joined an ever-growing list of Turkish officials accused of enabling sanctions violations on Friday during a money laundering trial in a New York federal courthouse.
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A federal judge in Delaware dismissed a shareholder action challenging the Federal Housing Finance Agency’s authority to divert Fannie Mae and Freddie Mac’s future profits to the U.S. Treasury as a condition of the mortgage giants’ $188 billion bailout during the 2008 financial crisis.
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A government watchdog filed suit Monday to expose public records on a taxpayer-funded trip Treasury Secretary Steven Mnuchin took with his wife took to see the historic eclipse.
Read moreThe U.S. Treasury Department announced new sanctions Tuesday aimed at Chinese and Russian entities that support the North Korean government.
Read moreU.S. citizens living abroad, joined by Sen. Rand Paul, lack standing to challenge the Treasury Department’s new taxes on their foreign bank accounts, the Sixth Circuit ruled Friday.
Read moreTrying to repair the damage of money-laundering claims, an attorney for an Andorran bank brought a federal complaint to review U.S. Treasury Department documents.
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U.S. Treasury Department agents have recently obtained information about offshore financial transactions involving President Donald Trump’s former campaign chairman, Paul Manafort, as part of a federal anti-corruption probe into his work in Eastern Europe, The Associated Press has learned.
Read moreThe Senate approved former Goldman Sachs executive Steve Mnuchin as Treasury Secretary on Monday, despite united opposition from Democrats against President Donald Trump’s nominee.
Read moreThe Treasury Department defended its taxes on foreign bank accounts held by U.S. citizens in the Sixth Circuit on Tuesday, while an attorney for citizens living abroad argued they have standing to challenge the taxation.
Read moreAnnouncing Wednesday that investor Wilbur Ross will serve as his commerce secretary, President-elect Donald Trump also tapped co-owner of the Chicago Cubs as deputy commerce secretary and a former Goldman Sachs executive as treasury secretary.
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WASHINGTON (CN) – The transition team for President-elect Donald Trump confirmed Tuesday rumors that he had tapped the wife of Sen. Mitch McConnell as transportation secretary. On the heels of that announcement, rumors swirled anew of the banking executive Trump will name Treasury secretary.
Read moreU.S. taxpayers have brought a federal complaint to halt U.S. aid of Israel, saying the money is being used to fund war crimes in the Palestinian territories.
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