United States Department of the Treasury
US Treasury Secretary Jack Lew testifies during a House Financial Services Committee hearing May 22, 2013 on Capitol Hill in Washington, DC. The committee conducted hearings on the Financial Stability Oversight Council's annual report.
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Quotes
Has the Treasury Department's position changed?
The original statute passed by Congress requires 501(c)(4) organizations engage ‘exclusively’ in social welfare activities but [then] the Treasury Department issued a regulation that requires these entities only to be ‘primarily’ engaged in social welfare activities.
Emerging markets on tenterhooks ... The interplay of supportive emerging market (debt) fundamentals and uncertainty about U.S. Treasury yields leaves EM fixed income on an uncertain footing.More quotes »
Newsday's coverage
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Beyonce, Jay-Z trip to Cuba licensed, treasury says
Ros-Lehtinen .Ros-Lehtinen and U.S. Rep. Mario Diaz-Balart , both Florida Republicans , had expressed concerns to the Treasury Department about the trip and wanted to know if it was licensed.Beyonce and Jay-Z marked their fifth wedding anniversary in Havana Read more »
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Krauss: Don't blame Europe for bad jobs news in the U.S.
timing of U.S. Treasury Secretary Jacob J. Lew's trip to Europe this week couldn't be better, given the extremely disappointing U.S. jobs report last week showing that only 88,000 new positions were created in March.No doubt that's a coincidence and the trip Read more »
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U.S. to EU: Ease off austerity
beyond our shores, and we have an immense stake in Europe's health and stability," Lew said in Brussels. "The United States has no bigger, no more important economic relationship that it does with Europe."EU Council President Herman Van Rompuy , who chairs Read more »
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US Treasury Secretary Lew to meet key EU leaders
-- U.S. Treasury Secretary Jacob Lew is starting a series of meetings with key European Union leaders during his first official visit to the region.Lew is expected to urge the European officials to promote more growth-friendly policies to counter the debt Read more »
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Mexico sees strong peso, 4 percent growth in 2014
-- Mexico's Treasury Department says the peso will end the year with an average exchange rate of around 12.5 to $1, following recent gains.The department had originally predicted an average rate of 12.9 to $1 when it drew up the 2013 budget last year, but Read more »
Around the web
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US senator says planned Sprint deal could expose country to cyber attacks from China
by Chinese telecommunications companies Huawei and ZTE. Both the FCC and the Committee on Foreign Investment in the United States, an interagency panel chaired by the US Treasury, have to sign off on the proposed deal, which US-based Dish Network Corp has 7:53 AM from Gulfnews Read more »
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Clawback Report Proposal At Walmart Supported By Proxy Advisory Firms, Large Institutional Investors
financial harm to the company and its owners. Large institutional investors including the The Pennsylvania Treasury Department and the Office of New York City Comptroller John C. Liu have signaled their support for the proposal as well as other large institutional 5/24/13 from Street Insider Read more »
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Thai, UK mints seek coin blank agreement
Treasury Department is negotiating with Britain's Royal Mint for a joint venture to build a mint in Thailand to produce coin blanks. Director-general Naris Chaiyasoot said his department is in talks with Britain's mint about a shareholding structure and is 5/24/13 from Bangkok Post Read more »
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Banksters' lobbyists writing financial bills to water down Dodd-Frank
course. One bill that sailed through the House Financial Services Committee this month—over the objections of the Treasury Department—was essentially Citigroup’s, according to e-mails reviewed by The New York Times. The bill would exempt broad swathes of trades 5/24/13 from Daily Kos Read more »
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IRS scandal story: Hard on White House, hard on media
Hill’s story : Press secretary Jay Carney told reporters that Mark Childress, deputy chief of staff, spoke twice with Treasury Department officials about the IRS’s public relations strategy. That’s far from a bureaucratic difference. The IRS is supposed to 5/24/13 from The Washington Post Read more »