United States Department of the Treasury
MIAMI, FL - FEBRUARY 22: Bank mortgage services representatives help people with their mortgages during the Help for Homeowners Community Event at the James L. Knight Center on February 22, 2012 in Miami, Florida. The event put on by the U.S. Treasury Department along with the U.S. Department of Housing and Urban Development and Hope Now is for homeowners who have fallen behind on their mortgages or who are facing financial difficulty and at risk of falling behind.
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If [the Fed] goes into a community bank and says, 'We're very uncomfortable with your loans to entrepreneurs...but we won't penalize you at all if you buy U.S. Treasury bonds,' that's a huge conflict of interest. That makes me uncomfortable, that the Fed has the inside track on the financial resources of the country
Such lending amounts to fiscal policy, which I believe is the responsibility of the U.S. Treasury. The Federal Reserve has provided and can continue to provide sufficient dollar liquidity through purchases of U.S. Treasury securities
Such lending amounts to fiscal policy, which I believe is the responsibility of the U.S. Treasury. The Federal Reserve has provided and can continue to provide sufficient dollar liquidity through purchases of U.S. Treasury securitiesMore quotes »
Newsday's coverage
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$6 trillion in forged U.S. bonds seized
POTENZA, Italy -- Italian police said on Friday they had seized about $6 trillion worth of fake U.S. Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes. Read more »
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US: Mexico kingpin Guzman 'world's most powerful'
-- The U.S. Treasury Department called Mexican drug lord Joaquin "El Chapo" Guzman "the world's most powerful drug trafficker" Tuesday. The fugitive Sinaloa cartel leader also got a boost from Mexican actress Kate Del Castillo, who said she believed in Guzman Read more »
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U.S. cracks down on Google ads for mortgage scams
for profiting from online ads from Canadian pharmacies that illegally sold drugs in the U.S.A spokesman for the U.S. Treasury Department division overseeing the probe into online mortgage scams declined to comment on its scope other to say it's still ongoing. Read more »
Around the web
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Obama proposes minimum taxes on foreign earnings
earnings would help address these problems and discourage a global race to the bottom in tax rates," it said. The Treasury on Wednesday released the President's framework for reforming the US business tax system, which would enhance American competitiveness 37 m ago from Rediff Read more »
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A sort of educational tourism allows Americans to visit Cuba
shattered the picture of perfection, falling asleep on his outstretched arm. "Do you have any questions about the United States?" Ludwig translated for us. A boy near the back raised his hand and shouted, "Is your country dangerous?" Another youngster threw 2/22/12 from Fort Worth Star-Telegram Read more »
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Europe in G-20 spotlight
help countries deal with the fallout from the debt crisis, but the plan faces resistance from countries including the United States and Canada. Many countries outside the 17-member eurozone say the region must first put up more of its own money to contain 2/22/12 from The Star Malaysia Read more »
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Inside Obama’s Framework For Business Tax Reform
some of his proposed cures may make the disease worse. Here are a couple of examples. The joint White House and Treasury Department paper explains what’s wrong with business subsidies and high tax rates. One big flaw: this toxic brew distorts business decisions. 2/22/12 from Forbes Read more »
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Bonds market cautious about global economy
Australian bond futures prices followed US Treasury bonds stronger amid caution about the global economy and the European financial situation. At 0830 AEDT on Thursday, the March 10-year bond futures contract was trading at 95.920 (implying a yield of 4.080 2/22/12 from Sydney Morning Herald Read more »
