Treasury Department

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Report: GM stock prices finally eclipse $33 IPO price

General Motors has reached an important milestone this morning: the price for one share of the company has climbed to over $33. That's higher than the Initial Public Offering price from 2010.

Treasury Department Begins Preparing For Debt Ceiling Hostage Negotiations

At noon on Friday, the Treasury Department began the latest round of accounting contortionism brought on by Republicans’ refusal to raise the debt ceiling.

This is not the Obama administration's 'Watergate moment' Sarah Posner

When the Senate Select Committee on Presidential Campaign Activities held its first Watergate hearing 40 years ago today, it was, by most accounts, a dull affair.

The IRS And The Tea Party: Probe Finds Big Bungling But Scant Fuel For Scandal

The IRS"s botched processing of requests for tax-exempt status by political groups isn"t the new Watergate.

Obama demands punishment for IRS staff who targeted conservatives

President condemns 'intolerable and inexcusable' conduct after official report finds tax exemption was deliberately delayed

Barack Obama has pledged Internal Revenue Service employees who discriminated against Tea Party groups will be held accountable after an independent watchdog heavily c

Are You a Journalist? Ask the Treasury Department and Israel

The Newseum, a gargantuan space in Washington, DC, dedicated to educating the public about the workings of journalism, unveiled a new exhibit today: a cutting-edge interactive demonstration of how pressure groups control what gets published.

Senior IRS officials knew in 2011 agents targeted political groups, report says

Inspector general findings seems to contradict public statements that Tea party and others were flagged for additional scrutiny

Senior officials at the US tax agency knew agents were targeting conservative political groups as early as 2011, according to a draft of an inspector general's rep

Bloomberg 'spying' accusations draw scrutiny of US banking officials

US Treasury Department and Federal Reserve investigating claims that journalists breached privacy of data service's clients

Fresh concerns over "spying" by reporters at financial news and data service Bloomberg were flagged over the weekend, with the US

April budget surplus is biggest in five years

WASHINGTON (Reuters) - The U.S. posted its biggest surplus in five years in April, with record-high tax receipts swelling government coffers during the month when most Americans pay their taxes, the U.S. Treasury Department said on Friday.

Report: Treasury to begin selling off more GM stock

Reuters reports that earlier this week the US Treasury announced the sale of another tranche of General Motors stock.