Following the financial crisis of 2008, the U.S. Treasury was authorized to commit up to $700 billion to a Troubled Asset Relief Program -- TARP -- in an effort to ... Read Full Story »
When the U.S. Treasury and General Motors Co. (NYSE: GM) announced that GM had repurchased 200 million shares of Treasury-owned stock, the Treasury said it would sell the remaining 300 ... Read Full Story »
At one time US taxpayers owned more than 90% of American International Group Inc. (NYSE: AIG). Today taxpayers own about 63% of the insurance giant, following AIG’s purchase of about ... Read Full Story »
The federal government’s $700 billion Troubled Asset Relief Program (TARP) has recovered all but about $11 billion in the funds it distributed to US financial institutions in 2008 and 2009. ... Read Full Story »
A number of economists believe the U.S. debt burden, budget problems, recession and lack of growth will soon be the same as those now facing many EU nations. This would ... Read Full Story »
Obama called for a spending freeze for some government discretionary spending. (Reuters) The Federal Reserve will probably stick to it plans to buy bonds and noted economic improvement. (Reuters) Toyota ... Read Full Story »