Latest US Treasury Stories

2006-08-03 12:44:29

WASHINGTON (Reuters) - The U.S. Treasury Department on Thursday named the Philippine and Indonesian branches of the International Islamic Relief Organization as fund-raisers for al Qaeda and other terror groups. It also designated one of the Saudi-based organization's high-ranking officials, Abd Al Hamid Sulaiman Al-Mujil, as a fund-raiser for al Qaeda. The action means that no American can have any dealings with the two branches of the organization or with Al-Mujil and that any...

2006-03-20 14:00:31

WASHINGTON (Reuters) - G. William Miller, who served as both chairman of the U.S. Federal Reserve and secretary of the U.S. Treasury during the inflation-plagued Carter administration, has died. Miller, 81, whose tenure at the Fed was one of the shortest on record, died Friday at his home in Washington. Michael Cardozo, a managing director at the investment firm Miller founded, said Miller had suffered from a degenerative lung ailment, pulmonary fibrosis, and was on oxygen at the...

2005-10-03 18:10:56

By Laura MacInnis WASHINGTON (Reuters) - The U.S. Treasury Department on Monday named David Loevinger as permanent financial attache to China -- a new, Beijing-based position meant to encourage close ties on economic issues including foreign exchange. Treasury spokesman Tony Fratto said the new post reflected "a different phase in our economic relationship with China," and said Loevinger would work with Chinese officials to ensure a new trading mechanism for the yuan currency worked...

2005-07-20 17:58:40

By Mark Felsenthal WASHINGTON (Reuters) - The U.S. Treasury Department and a key senator remained deadlocked on Wednesday over a Cuba trade dispute that is holding up Senate approval of officials to fill vacant senior jobs at the Treasury. Montana Democratic Sen. Max Baucus, the top Democrat on the Senate Finance Committee, told four Treasury nominees at a hearing that he continues to be upset at an export rule change that makes it harder for agricultural producers to ship goods to Cuba....

Word of the Day
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.