Department of the Treasury

Good News, Taxpayers!

Last month, we reported the positive developments that were happening with the major players--GM, Citigroup, and AIG--still left in the Troubled...

Wall Street Banks Cut Holdings of U.S. Debt

Wall Street banks have been drastically cutting their holdings of U.S. Treasuries, according to Bloomberg News. According to most analysts, this is...

Fed Pays Record $78.4B to Treasury from Interest on Risky Assets

Yesterday the Federal Reserve announced it would be paying a record $78.4 billion to the U.S. Treasury for 2010. It accumulated this large sum...

2010 Financial Report of the U.S. Government

The Treasury Department released Tuesday its annual Financial Report of the U.S Government. The report highlights the nation's budget deficit, net...

So, How About That TARP?

Last week, we reported the good news from the Congressional Budget Office that the Troubled Asset Relief Program (TARP) would cost $25 billion,...

CBO Unveils New TARP Estimate

CBO has issued new numbers for the total costs of the Troubled Asset Relief Program (TARP). CBO now estimates that TARP will cost $25 billion...

Geithner Supports U.S. Medium-Term Fiscal Targets at the G-20

We at CRFB applaud Treasury Secretary Tim Geithner’s support of medium-term fiscal targets, in the run-up to this weekend’s meeting of G-...

‘Line’ Items: BCS Edition

Loads of BCS – The first edition of this season’s rankings from the much-maligned BCS is now out. The system uses computer algorithms and...

The FY 2010 Deficit

Treasury and OMB released the final deficit number for FY 2010 on Friday: $1.294 trillion. While $120 billion lower than last year's deficit, it...

A Not So Happy Anniversary

Nobody's breaking out the champagne for this anniversary.On this day two years ago, the collapse of Lehman Brothers turned an already bad-looking...

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