treasury department

Treasury to Retain its Share of GM as Prices Tumble

Digg - Business & Finance  Tue, 10/04/2011 - 10:23

General Motors’ stock hit an all-time low on Monday – falling below the $20 mark — prompting the Treasury Department to say it will be “patient” with its remaining stake in the Detroit-based automaker.

The Treasury Department still holds...


 

Treasury probes $528M loan to bankrupt solar firm

Newsvine - business  Thu, 09/15/2011 - 11:46

The Treasury Department's inspector general has opened an investigation of a $528 million government loan to Solyndra Inc., the now-bankrupt solar panel manufacturer once cited as a model of the Obama administration's clean energy program.


 

Geithner says he will stay at Treasury

Digg - Business & Finance  Sun, 08/07/2011 - 12:47

U.S. Treasury Secretary Timothy Geithner has told President Barack Obama he would stay in his post, a Treasury Department official said Sunday.

Mr. Geithner, who had weighed leaving earlier this summer, now "looks forward to the important work ahead on the challenges facing our great country," Jenni LeCompte, an assistant Treasury secretary for public affairs, said in a prepared statement.


 

Geithner says he'll stay for 'foreseeable future'

Newsvine - business  Thu, 06/30/2011 - 15:58

Treasury Secretary Timothy Geithner says he's staying put at the Treasury Department for the "foreseeable future," addressing speculation he might leave the Obama administration following the current round of budget negotiations.


 

Chrysler repays bailout money to Treasury department

Digg - Business & Finance  Tue, 05/24/2011 - 09:16

The Treasury department said on Tuesday that automaker Chrysler Group LLC has repaid $5.1 billion in bailout loans and ended its ability to draw a remaining $2.1 billion.


 

6 banks repay bailouts worth $2.66 billion

Newsvine - business  Wed, 12/22/2010 - 15:54

The Treasury Department says six banks have repaid government bailouts worth a combined $2.66 billion.


 

A.I.G. Reaches Deal to Repay Treasury and Fed for Bailout

NYT > Business  Thu, 09/30/2010 - 08:36

Under the plan, the Treasury Department will own 92.1 percent of A.I.G.


 

Government could seek foreign investors for GM

Newsvine - business  Sun, 09/19/2010 - 17:17

Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North America, according to a U.S.

Treasury Department statement.


 

Pay czar: 17 bailed-out banks overpaid bonuses

MSNBC.com: Business  Fri, 07/23/2010 - 09:06

Kenneth Feinberg, the administration's pay czar and its administrator of Gulf Coast Claims Facility, is expected to criticize a slew of big banks for paying large bonuses after they received taxpayer-funded bailouts.The Treasury Department's pay czar says 17 banks gave their top executives $1.6 billion in lavish payments while they were receiving billions of dollars in taxpaye


 

Treasury sanctions 3 businesses in Mozambique

Newsvine - business  Tue, 06/01/2010 - 18:19

The Treasury Department says President Barack Obama has requested sanctions against an alleged drug trafficker from Mozambique.