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Tag Archives: Treasury

Lew: Congress should turn efforts toward business taxes

WASHINGTON — The Obama administration is pushing Congress to simplify federal business taxes after Treasury Secretary Jacob Lew said Democrats and Republicans are too far apart to agree on sweeping changes to taxes paid by individuals and families. Lew said ...

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Treasury to limit profitability of overseas shifts

WASHINGTON — The Obama administration will decide “in the very near future” what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries, Treasury Secretary Jacob Lew said Monday. A ...

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FHA to draw $1.7B from Treasury to cover losses

WASHINGTON — A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in its reverse mortgage programs, which allow seniors to borrow against their homes for everyday living expenses. Federal Housing ...

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AIG severs final bailout link with Treasury

WASHINGTON — The Treasury Department has sold its remaining warrants in American International Group Inc., severing its final financial link to the insurance company that got the government’s biggest bailout of the 2008 financial crisis. Treasury received approximately $25 million ...

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CDFI Fund seeks public comment

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund is soliciting comments on the New Markets Tax Credit Program. Input is sought to increase effectiveness, while reducing cost and burden on program participants. This request is part of ...

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Geithner strikes confident tone on deficit deal

WASHINGTON, D.C. — Treasury Secretary Timothy Geithner on Tuesday reassured investors that the White House and Republican lawmakers will reach a deal to control the nation's finances, downplaying an unprecedented warning that the government risks losing its coveted debt rating if it fails to do so.

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