Department of the Treasury

Will TARP be Renewed?

UPDATE: Treasury Secretary Geithner testified on Nov. 19 before the Joint Economic Committee, stating that "we are winding [TARP] down and will...

Administration Claims Extra TARP Cash Is Deficit Reduction

This morning, a Wall Street Journal article reported that the White House intends to use some of the remaining TARP cash for deficit reduction, while...

Monthly Treasury Statement Shows $1.417 trillion Final Deficit Number for FY 2009

The Monthly Treasury Statement is out, and states that Fiscal Year 2010 is off to a perilous start. The deficit for the month of October is ringing...

Treasury Ends Capital Assistance Program

Yesterday, the Treasury announced that the Capital Assistance Program (CAP), one of TARP’s several programs, will close, having made no...

Large Share of U.S. Debt Will Have to Be Refinanced

According to the Government Accountability Office (GAO), roughly $5.1 trillion in publicly traded U.S. Treasury bonds – or around 78 percent of...

GMAC Offers $2.9 Billion in Debt

The General Motors Acceptance Corporation (GMAC), previously owned by General Motors, has offered $2.9 billion of three-year bonds in the private...

A New TARP Program for Community Banks

The Administration has just announced a new small business lending initiative under the Treasury’s TARP. According to a White House release,...

A Really Big Deficit

The message from the end of the year deficit number is clear: we must start planning how to get the deficit under control. A $1.4 TRILLION...

TARP -- One Year Later

Saturday marked the one-year anniversary of the Troubled Asset Relief Program (TARP), established as part of the Emergency Economic Stabilization Act...

Weekend Editorial Roundup

This weekend, there have been a number of editorials about fiscal and budget policy. Among them:USA Today argued for "patching" the...

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