United States Secretary of the Treasury

(AP Photo)

Government sells remaining stake in GM

  DETROIT (AP) — The U.S. government ended up losing $10.5 billion on its bailout of General Motors, but still says the alternative would have been much worse. Treasury Secretary Jacob Lew announced Tuesday that […]

12/09/2013

(AP Photo)

Judge strikes down clergy tax-free housing money

MADISON, Wis. (AP) – A federal judge has struck down a law that gives clergy tax-free housing allowances in a decision that could have far-reaching financial ramifications for pastors across the U.S. In her decision […]

11/23/2013

Timothy Geithner

Geithner to join private equity firm

Former U.S. Treasury Secretary Timothy Geithner, who played a central role in the government’s response to the financial crisis of 2008-2009, is joining private equity firm Warburg Pincus LLC. The firm announced Saturday that Geithner […]

11/16/2013

Members of Congress walk down the steps of the House of Representatives on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)

US Treasury warns of harm from debt default

WASHINGTON (AP) — The U.S. Treasury Department warned Thursday that the economy could plunge into a downturn worse than the Great Recession if Congress fails to raise the federal borrowing limit and the country defaults […]

10/03/2013

IRS logo (AP Photo)

IRS issues tax rules for married gay couples

WASHINGTON (AP) — The government on Thursday said that all legally married gay couples will be able to file joint federal tax returns even if they reside in states that do not recognize same-sex marriages. […]

08/29/2013

IRS logo (AP Photo)

Obama: IRS acting commissioner has resigned

WASHINGTON (AP) — President Barack Obama says the acting commissioner of the Internal Revenue Service, Steven Miller, has submitted his resignation in the aftermath of an investigation that found the agency improperly targeted conservative groups. […]

05/15/2013

Treasury Secretary Jacob Lew

Lew hopeful on reaching a budget breakthrough

WASHINGTON (AP) – Treasury Secretary Jacob Lew says he is optimistic that President Barack Obama will be able to reach an agreement with Republicans in Congress to break a budget impasse that has triggered across-the-board government spending cuts.

03/15/2013

Treasury Secretary Jacob Lew

Jacob Lew becomes nation’s 76th Treasury secretary

WASHINGTON (AP) — Jacob Lew was sworn in Thursday as the nation’s 76th Treasury secretary, one day before across-the-board government spending cuts kick in that could hold back the U.S. economy.

02/28/2013

Timothy Geithner

Geithner sees US economy strengthening gradually

WASHINGTON (AP) — Outgoing Treasury Secretary Timothy Geithner thinks the U.S. economy will strengthen this year — as long as Congress avoids cutting spending too deeply in a budget deal and Europe’s economy gradually improves.

01/25/2013

Jacob Lew's signature (AP Photo)

Obama jokes Lew’s loopy signature nearly cost him

WASHINGTON (AP) — President Barack Obama is joking that Jack Lew’s nomination as treasury secretary nearly fell through because of Lew’s loopy signature.

01/10/2013

Jacob Lew

Obama nominates Lew to lead Treasury

WASHINGTON (AP) — President Barack Obama nominated White House chief of staff Jack Lew to be secretary of the Treasury Thursday, declaring his complete trust in an aide with three decades of Washington experience.

01/10/2013

Obama and Lew

Lew’s selection as treasury chief puts emphasis on fiscal challenges, opens a new chapter

WASHINGTON (AP) – Obama is expected to nominate Jack Lew as early as Thursday, continuing to put a second-term imprint on his Cabinet by choosing yet another close ally for a key government post.

01/10/2013

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