Fannie and Freddie and the Budget
The Obama Administration held a conference yesterday discussing how to fix federal housing programs, with the goal of submitting a comprehensive...
Department of the Treasury
CBO Issues Its Monthly Report on the Deficit, Outlays, and Revenues
The Congressional Budget Office (CBO) issued its Monthly Review late last week (and today, the Treasury released its Monthly Statement for May)....
The Budgetary Impacts of Fed Actions
Yesterday CBO issued a very interesting report on the budgetary impact of the Federal Reserve's actions to address the economic and financial crisis...
Where the Treasury Stands with GM, Chrysler, and AIG
GM has been getting some prominent press coverage over the past few days, following their repayment of $4.7 billion to the Treasury on Tuesday. The...
Market Watch Update: April 12-16
U.S. Treasury markets were relatively quiet most of this week, although some Friday morning news had translated into market gains, as of early...
House Spenders Question Administration Troika on Deficits, Fiscal Commission, and Job Growth
In today’s hearing before the full House Appropriations Committee, the troika (OMB Director Peter Orszag, Treasury Secretary Geithner, and Dr....
Financial Report of U.S. Government
The Treasury Department recently released its annual Financial Report of the U.S. Government, reporting on the budget deficit, net operating costs,...
Fed Earns Money, TARP Loses It
The Federal Reserve announced, this morning, that it will transfer $46.1 billion in FY2009 profits over to the Treasury, higher than the $31.7...
GM and Wells Fargo Jump on the Bandwagon
General Motors and Wells Fargo have both just announced that they intend to repay all of the $6.7 billion and $25 billion, respectively, in...
TARP Winding Down as BofA Says It Will Repay Aid
Secretary Geithner recently said that the Administration will outline its exit strategy for TARP in the next few weeks, but the expiration date has...