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Latest Department of the Treasury Stories

2011-07-14 11:03:00

White House Emails Detail anti Fox Bias inside Obama White House: "I'm putting some dead fish in the fox cubby -- just cause" "[FNC Anchor] Bret Baier...is a lunatic" WASHINGTON, July 14, 2011 /PRNewswire-USNewswire/ -- Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it has uncovered documents from the Obama Department of Treasury showing that the Obama administration, contrary to its repeated denials, attempted to...

2011-06-24 15:35:00

Chairman Mack Renews Call for Freedom Loving Americans to Boycott CITGO WASHINGTON, June 24, 2011 /PRNewswire-USNewswire/ -- At today's hearing of the Western Hemisphere Subcommittee, Chairman Connie Mack (FL-14) again called on the Obama Administration to cease their delaying of placing Venezuela on the "State Sponsor of Terrorism List." The hearing, "Venezuela's Sanction able Activity," was held to provide oversight of sanctions available for the State Department and Treasury Department...

2010-05-17 08:09:00

WASHINGTON, May 17 /PRNewswire/ -- Severe weather and other natural disasters are often unpredictable and can disrupt lives in an instant. As part of National Hurricane Preparedness Week May 23- 29, the U.S. Department of the Treasury strongly urges federal benefit check recipients living along the Gulf Coast and Eastern Seaboard to disaster-proof their...

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2009-05-08 13:55:36

Two large U.S. banks went above and beyond regulatory requirements Friday, taking less than a day to build capital cushions the Treasury Department demanded. Wells Fargo & Co. raised $7.5 billion selling common stock Friday after the Treasury Department said Thursday it would need to raise $6 billion and Morgan Stanley raised $7.5 billion, selling stocks and bonds, The New York Times reported Friday. The Treasury Department had told Morgan Stanley to increase capital by $1.8 billion....

2008-09-25 09:00:27

By TOM SHEAN By Tom Shean The Virginian-Pilot Hobbled financially by losses on Fannie Mae and Freddie Mac securities, Gateway Financial Holdings Inc. has agreed to be acquired by a much smaller financial institution, Hampton Roads Bankshares Inc. The Virginia Beach-based parent of Gateway Bank & Trust Co. and Hampton Roads Bankshares announced Wednesday that they planned to merge in an all-stock transaction valued at $104 million. Hampton Roads Bankshares, the Norfolk-based...

2008-09-11 18:00:13

WASHINGTON, Sept. 11 /PRNewswire-USNewswire/ -- House Committee on Financial Services Chairman Barney Frank (D-Mass.) today introduced the Payments System Protection Act of 2008, which would direct the Department of the Treasury and Federal Reserve System, in consultation with the Attorney General, to create a formal process to define what types of online gambling are unlawful to make it possible for the U.S. financial services industry to comply with the current ban on Internet gambling, as...

2008-09-07 21:00:03

The New York Times WASHINGTON Fannie Mae and Freddie Mac agreed on Saturday afternoon to the Bush administration's plan to rescue them, people briefed on the plan said. Under the plan, they said, the Treasury Department will buy billions of dollars in new mortgage securities issued by the companies and inject an unknown amount of capital into them in quarterly installments The government plans to announce today that it will take control of the mortgage finance giants, remove the top...

2008-07-24 09:00:30

By DAVID M HERSZENHORN By David M. Herszenhorn The New York Times WASHINGTON The House approved far-reaching government assistance Wednesday for the nation's housing market, including broad authority for the Treasury Department to protect the nation's two largest mortgage finance companies from collapse. The measure also includes an aggressive plan to help hundreds of thousands of troubled borrowers avoid foreclosure by refinancing their mortgages. The White House, citing an...

2008-07-01 06:00:33

By Bowdeya Tweh, South Florida Sun-Sentinel Jun. 30--Miramar-based Spirit Airlines Inc. agreed to pay a $100,000 fine to a Treasury Department office after running afoul of federal restrictions on trade with Cuba. The airline paid the Cuban government for flying in its airspace, but lacked a valid license, according to the Office of Foreign Assets Control. By law, airlines are required to have a permit from the office in order to submit payments for flying in the airspace of Cuba, which...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'