Treasury Plan Aims for Broader 401(k) Retiree Options
A proposal announced today by the Treasury Department would modify regulations to make it easier for retirees to choose to receive their 401(k) savings as a stream of income in regular payments – as in annuities ...
Obama: Refi Plan Saves ‘Underwater’ Borrowers $3,000 A Year
In a sweeping new plan to help millions of “underwater” homeowners, President Obama today said borrowers can save $3,000 a year on average if Congress approves his program with a price tag of $5 billion to $10 ...
Small Businesses Got $3.5B in Lending from Jobs Act Fund
The Small Business Lending Fund has helped issue $3.5 billion in loans to businesses by providing capital to qualified community lenders, according to the U.S. Treasury.
A report sent to Congress this month by Treasury ...
Paper Savings Bonds Are History As U.S. Treasury Goes Digital
Beginning Jan. 1, 2012, the U.S. Treasury is ending transactions in paper U.S. Savings Bonds, ending a rich 76-year history and saving taxpayers an estimated $120 million over five years.
From now on, if you want ...
Small Business Owners Key in Payroll Tax Cut Debate
President Obama and Senate Democrats are on a full offensive to get Republicans to agree to extend the payroll tax deduction before it expires at the end of the year, while a new plan to carve out a bigger break ...
Watchdog Urges Mandatory Mortgage Principal Reductions
The watchdog that oversees the effectiveness of the government’s bailout programs again urged the U.S. Treasury to make either discretionary or mandatory a program to rescue borrowers from foreclosure through ...
Treasury’s Projected TARP Bailout Cost Down to $105 Billion
The U.S. Treasury has further reduced the projected cost of its primary bailout vehicle, Troubled Asset Relief Program, TARP, by $11.4 billion to $105.4 billion since President Obama’s Fiscal Year 2011 budget ...
Bailout Programs Failing to Spark Small Business Lending
Bank bailout programs have failed to generate needed credit to small businesses and prospects are not good, according to the May report by the Congressional Oversight Panel, the watchdog over the U.S. Treasury’s ...
Treasury: Saving Taxpayer $$ is Job of New $17M Office
At first, it sounds like a typical bureaucratic solution: How do you cut financial management in government and save tax dollars?
You create a $17 million new entity to streamline invoicing and other practices.
But ...
Geithner Rejects Claim of an ‘Unsustainable Recovery’
U.S. Treasury Secretary Timothy Geithner said today that the U.S. economy is growing and the private sector is adding jobs, although the “enormous amount of damage” already done will likely keep the unemployment ...
