Posts Tagged ‘treasury’

The U.S. government debt is rising inexorably, according to the conventional wisdom in Washington, and the political system is too paralyzed to take unpopular actions to rein it in. Privately, many policymakers take it as a given that the situation will change only when the nation faces a…








United States Treasury security – Business – Bond – Investing – Stocks and Bonds

China boosted its holdings of U.S. Treasury debt for the first time in six months, U.S. officials said Monday. That development could ease concerns that lagging foreign demand will force the United States to pay higher interest rates to finance its debt.








Business – China – Stocks and Bonds – Investing – Bonds

Britain’s High Court ruled Monday that a planned strike by British Airways cabin crews was unlawful, issuing an injunction hours before the walkout was due to begin.








China – Business – Financial Services – Financial Planning – Debt Consolidation

Treasury Secretary Timothy F. Geithner departs for India on Sunday for his first visit to the country as a Cabinet member. A host of issues are at stake between the nations: two large democracies that have become important trading partners and strategic allies as well, with a common interest in s…

The Treasury Department said Wednesday that it will offer up to $1 billion in low-cost loans to banks that focus on funding development in lower-income communities, part of the administration’s new emphasis on helping smaller banks.

The Treasury Department reported a substantial change to its fiscal 2011 budget related to its bailout of Wall Street.

Treasury Secretary Timothy F. Geithner pushed back Wednesday against lawmakers upset about his role in rescuing American International Group and defended decisions that allowed the company’s trading partners on Wall Street and abroad to walk away with billions in taxpayer dollars as a result of t…

When Timothy F. Geithner emerged as the leading candidate for Treasury secretary in late 2008, he privately urged Barack Obama to think twice about whether to hire him. Geithner had been a key architect of the government’s bailout of Wall Street and would carry that history into the new job, he…

With all the chatter in the media about Congress spending $500 Billion for this and $500 billion for that, we thought it worthwhile to put all that cash in perspective. I have held a few $20 bills in my hand, so I can imagine what a few hundred dollars would look like, or perhaps even one thousand dollars. But a million dollars? A billion dollars?

This is $10,000 in $100 bills.

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“Throw in a few billion here and a few billion there, and before you know it, you are talking about real money…” . I don’t recall who first coined that phrase, (I think it was in the late ’80s), but when I first heard it, it was Millions not Billions! (more…)