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Independent voices from the The Washington Times Communities
Topic - U.S. Treasury
Did you ever buy a game or device for which the rule book or instruction manual was so thick and detailed that you were not able to comprehend it in a reasonable period of time, so you either discarded or failed to use the product?
Former U.S. Treasury Secretary Timothy Geithner is joining private equity firm Warburg Pincus LLC.
Janet Yellen, President Obama's pick to be the next head of the Federal Reserve, is vowing to maintain the central bank's ultra-easy policies on interest rates until she sees more convincing growth in the economy and job market, in prepared testimony to be delivered at her Senate confirmation hearing Thursday.
It just recorded the highest trade surplus in its history, but Germany may find it difficult to celebrate the milestone as Berlin faces growing criticism that the country's prosperity is coming at the expense of its European neighbors and the health of the global economy.
Fannie Mae and Freddie Mac, the housing giants whose combined $188 billion bailout dwarfed all others during the 2008 financial crisis, announced Thursday that they will return another $39 billion in dividends to the U.S. Treasury next month, bringing them close to fully repaying the taxpayers who rescued them.
Obama wants the world to comply with IRS rules
Spare change is hard to find at the U.S. Postal Service nowadays. The nation's mail service started October by defaulting on a payment due to the U.S. Treasury and is down to less than 10 days of cash on hand.
China's leaders are gleeful that the chronic crises emanating out of Washington helps elevate China in the world's eye as a much-needed source of stability while furthering Beijing's goal of posing an alternative to a U.S.-centric world economy.
Chinese state media have been filled this week with cartoon images of America's leaders, mocking them for stumbling on a debt deal while depicting the nation as a beggar.
Conservatives in the House sabotaged Speaker John A. Boehner's plan Tuesday to dent Obamacare while reopening the government and raising the debt ceiling, leaving senators scrambling to kick-start their own deal before Thursday's deadline for a potential default.
Despite expressing confidence that the U.S. will avoid a default, one top credit rating agency has issued a quiet warning that the nation's AA+ rating will plunge suddenly to a shockingly low D if a political resolution does not come in time to prevent the Treasury from missing a debt payment in the next month.
A Florida dentist is accusing President Obama of crossing a constitutional line by waiving the mandate in Obamacare for some employers and has taken his troubles to federal court.
Wall Street stocks soared Thursday on signs of a possible breakthrough in the standoff in Washington, with House Republicans proposing a short-term increase in the national debt limit that would prevent a possible default on U.S. Treasury securities for another six weeks.
The U.S. Treasury has reimbursed a Montana man after his golden retriever ate five $100 bills.
The Federal Housing Administration may for the first time need a bailout from the U.S. Treasury as rising defaults on mortgages it insures have pushed its insurance reserves into deficit, according to a new report.