Treasury

IRS

IRS paid more than $110B in improper tax credits

WASHINGTON (AP) — A Treasury investigator says the Internal Revenue Service has paid out more than $110 billion in tax credits over the past decade to people who didn’t qualify for them. The Earned Income […]

10/22/2013

(AP Photo)

US rate on 15-year mortgage at record 2.56 pct.

WASHINGTON (AP) — The average U.S. rate on the 15-year fixed mortgage fell to a new record low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgages have encouraged more home-buying […]

05/02/2013

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UK in dark mood as new recession may be confirmed

LONDON (AP) — Recession may just be a word. But in Britain it may become a dangerous habit. It’s possible that official figures on first quarter economic growth, to be released Thursday, could show the country is back in recession, and tension is building.

04/24/2013

(AP Photo)

Obama to return 5 percent of salary to Treasury

WASHINGTON (AP) — Sharing a bit of budget pain, President Barack Obama will return 5 percent of his salary each month to the Treasury in a show of solidarity with federal workers smarting from government-wide spending cuts.

04/03/2013

(AP Photo)

No more ‘Government Motors’ as US sells GM shares

DETROIT (AP) — The U.S. government’s foray into the car business is slowly coming to an end. The Treasury Department said that it will sell its remaining stake in General Motors in the next year or so, winding down a $50 billion bailout

12/19/2012

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