Treasury Department, U.S.

News about Treasury Department, U.S., including commentary and archival articles published in The New York Times.

Treasury Department, U.S. Chronology

1. Sep. 7, 2013

   European Union court throws out sanctions on seven Iranian companies, rejecting arguments that they were acting as front companies to bypass punitive measures; ruling comes as United States Treasury issues imposing new restrictions on a network of six individuals and four businesses linked to Iranian oil sales.MORE »

2. Aug. 30, 2013

   Floyd Norris High & Low Finance column analyzes implications of appeals court decision that prohibits Argentina from selectively paying back its vast number of creditors; notes that decision was strongly opposed by International Monetary Fund and United States Treasury Department, which warn that it could undermine norms of international debt restructurings and path to solvency for indebted countries.MORE »

3. Jul. 25, 2013

   Watchdog for Treasury Dept's Troubled Asset Relief Program reports banks and other mortgage servicers have accepted $815 million in taxpayer-funded incentives for helping homeowners who have since redefaulted on their home loans; more than third of homeowners who received loan modifications from TARP have since stopped paying.MORE »

4. May. 27, 2013

   Close examination of conservative groups that claim to have been unfairly targeted by Internal Revenue Service reveals an array of election activities that tax experts say would provide legitimate basis for closer review; report issued by J Russell George, Treasury Department inspector general, asserting that IRS used inappropriate criteria has been disputed by former agency officials.MORE »

5. May. 21, 2013

   White House officials say they were first notified on April 16 about investigation into Internal Revenue Service scrutiny of conservative groups and discussed its findings with Treasury Department, but never told Pres Obama; say decision was made that it was 'not necessary or appropriate' to inform president of situation and that no action was taken to intervene.MORE »