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Treasury Secretary Henry Paulson said Wednesday that agreement on a sweeping housing rescue bill will send a strong message to investors around the world and will be key to helping the nation turn the corner on the housing crisis.
Treasury Secretary Henry Paulson urged Congress Tuesday to approve the Bush administration's plan to back up mortgage financiers Fannie Mae and Freddie Mac.
Treasury Secretary Henry Paulson said Congress needs to quickly approve a support package for Fannie Mae and Freddie Mac in order for the two to maintain their vital roles
U.S. stock futures tumbled Tuesday as investors digested disappointing reports from Apple, American Express and Wachovia, and listened to Treasury Secretary Henry Paulson urge Congressional action to boost Fannie Mae and Freddie Mac.
Bank examiners from the Federal Reserve and the Comptroller of the Currency are scrutinizing the books of U.S. mortgage finance giants Fannie Mae and Freddie Mac, according to a published report.
Treasury Secretary Henry Paulson sought to reassure an anxious public Sunday that the banking system is sound, while also bracing people for more troubled times ahead.
Treasury Secretary Henry Paulson was hammered by lawmakers on Tuesday over the Bush administration's plan to prop up mortgage finance giants Fannie Mae and Freddie Mac.
Treasury Secretary Henry Paulson said Tuesday the Bush Administration has no immediate plans to extend emergency loans to mortgage giants Freddie Mae and Freddie Mac
Here is the text of Treasury Secretary Henry Paulson's statement issued Sunday:
Treasury Secretary Henry Paulson, seeking to calm nervous investors about the financial state of Fannie Mae and Freddie Mac said Friday the government's primary policy focus currently is to leave the congressionally-created mortgage giants intact.
Treasury Secretary Henry Paulson said Wednesday that agreement on a sweeping housing rescue bill will send a strong message to investors around the world and will be key to helping the nation turn the corner on the housing crisis.
Treasury Secretary Henry Paulson urged Congress Tuesday to approve the Bush administration's plan to back up mortgage financiers Fannie Mae and Freddie Mac.
Treasury Secretary Henry Paulson said Congress needs to quickly approve a support package for Fannie Mae and Freddie Mac in order for the two to maintain their vital roles
U.S. stock futures tumbled Tuesday as investors digested disappointing reports from Apple, American Express and Wachovia, and listened to Treasury Secretary Henry Paulson urge Congressional action to boost Fannie Mae and Freddie Mac.
Bank examiners from the Federal Reserve and the Comptroller of the Currency are scrutinizing the books of U.S. mortgage finance giants Fannie Mae and Freddie Mac, according to a published report.
Treasury Secretary Henry Paulson sought to reassure an anxious public Sunday that the banking system is sound, while also bracing people for more troubled times ahead.
Treasury Secretary Henry Paulson was hammered by lawmakers on Tuesday over the Bush administration's plan to prop up mortgage finance giants Fannie Mae and Freddie Mac.
Treasury Secretary Henry Paulson said Tuesday the Bush Administration has no immediate plans to extend emergency loans to mortgage giants Freddie Mae and Freddie Mac
Here is the text of Treasury Secretary Henry Paulson's statement issued Sunday:
Treasury Secretary Henry Paulson, seeking to calm nervous investors about the financial state of Fannie Mae and Freddie Mac said Friday the government's primary policy focus currently is to leave the congressionally-created mortgage giants intact.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke urged lawmakers Thursday to help modernize how the nation's beleaguered financial system is regulated.
Faced with record-high foreclosure rates, the Bush administration has been scrambling to keep people from losing their homes, but many are beyond help, Treasury Secretary Henry Paulson said Tuesday.
Britain and the U.S. must overhaul their outdated banking regulatory systems to give better advance warning of economic problems, Treasury Secretary Henry Paulson said
U.S. Treasury Secretary Henry Paulson said Britain and the United States must overhaul their outdated banking regulatory systems.
Treasury Secretary Henry Paulson pressed for swift changes to how the nation's financial system is regulated Thursday, most notably giving broader powers to the Federal Reserve following the dramatic near collapse of Bear Stearns in March.
Treasury Secretary Henry Paulson said Monday the increasing price of oil is "a real burden on American consumers," blaming increasing demand - and not market speculation - for the price jump.
Facetime with U.S. Treasury Secretary Henry Paulson
Treasury Secretary Henry Paulson said Friday he expects "to see a faster pace of economic growth before the end of the year."
Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago
The worst of the nation's credit crisis may have passed, Treasury Secretary Henry Paulson said in an interview, Wednesday
Top Democrats Monday dismissed the Bush administration's plan to overhaul the nation's financial regulatory system as inadequate, with one leading senator calling the proposals a "wild pitch."
Treasury Secretary Henry Paulson proposed a set of sweeping changes on Monday aimed at modernizing the nation's financial system in what could herald the biggest regulatory overhaul of Wall Street since the Great Depression.
Is Treasury Secretary Henry Paulson's plan to overhaul the financial services industry going too far? Not far enough? Does the plan put too much power in the hands of the Federal Reserve?
The Federal Reserve would have the power to regulate virtually the entire financial industry under a Treasury Department proposal to be announced Monday.
The Federal Reserve would have the power to regulate virtually the entire banking and securities industry under proposals to be unveiled Monday by Treasury Secretary Henry Paulson, according to a summary of the proposals provided to CNN late Friday.
Secretary of the Treasury Henry Paulson said Friday the government needs to make a "big effort" to help Americans who can avoid foreclosure.
The U.S. economy is going through a "tough patch," Treasury Secretary Henry Paulson said Sunday, insisting that the proper steps were being made to turn things around.
With a vicious storm pelting the markets, Treasury Secretary Henry Paulson is urging bankers to batten down the hatches - possibly foreshadowing an expanded government role as a financial-sector investor.
Treasury Secretary Henry Paulson outlined a series of broad-based proposals Thursday aimed at restoring faith in the mortgage business and shoring up the battered financial services sector.
Hope Now, the foreclosure prevention coalition put together with the Bush administration's support, claims dramatic success in helping at-risk mortgage borrowers stay in their homes.
U.S. stocks were flat at the start of trading Thursday as investors awaited Congressional testimony on the economy from the Federal Reserve chairman and Treasury secretary.
Treasury Secretary Hank Paulson will tell the Senate Banking Committee Thursday that he still believes the U.S. economy will avoid falling into a recession this year, according to a published report.
U.S. stock futures pointed toward a flat open Thursday as investors waited to hear what Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson would say during their testimony before the Senate Banking Committee, slated to start at 10:00 a.m. ET.
Tax rebate checks will begin going out in May, Treasury Secretary Henry Paulson said after the House's passage of a Senate-approved $167 billion economic stimulus package Thursday.
Treasury Secretary Henry Paulson ended his third meeting of the day with House leaders Wednesday night with no indication of a deal on an economic stimulus package, although a GOP leader told reporters more public comments could be expected Thursday morning.
Treasury Secretary Henry Paulson ended his third meeting of the day with House leaders Wednesday night with no indication of a deal on a $150 billion economic stimulus package.
Treasury Secretary Henry Paulson said Tuesday he is confident the administration and Congress can work out a plan to stimulate the economy and expressed support for the Federal Reserve's decision to cut interest rates.
Treasury Secretary Henry Paulson used a speech Monday to defend a plan brokered by the Bush administration to "freeze" mortgage rates for some subprime borrowers and also to call on Congress to pass legislation to head off a housing crisis.
Among those free-marketers inside the administration and out, who unapologetically label themselves ideologues, Henry Paulson has a nickname: "Mr. Fixit."
The Bush Administration's mortgage rate freeze sounds like a life raft for strapped homeowners, but it may do more harm than good
A sweeping solution to the subprime lending crisis could get snagged by a big sticking point at the end of the mortgage chain.
Already behind on your mortgage payments? No help there.
The U.S. government is working hard to give relief to struggling mortgage holders, Treasury Secretary Henry Paulson said Monday.
Today Treasury Secretary Henry Paulson outlined some steps the federal government, lenders and investors would try to do in order to save struggling homeowners.
Stocks slipped Monday afternoon as investors welcomed the White House's pledge to aid subprime mortgage holders, but continued to bail out of housing and financial stocks on worries about the economy.
Stocks were mixed Monday afternoon as investors welcomed news that the White House is taking steps to aid subprime mortgage holders, but held back after last week's rally and ahead of key economic news due later this week.
Treasury Secretary Henry Paulson was confident in the passage of an agreement to help homeowners avoid mortgage defaults by temporarily freezing their interest rates
Treasury Secretary Henry Paulson wants lenders to help a broad range of troubled borrowers rather than deal with cases on an individual basis, according to a published report.
U.S. Treasury Secretary Henry Paulson expects more of the losses in the U.S. mortgage industry that have already damaged the dollar, but predicted a long-term recovery
On Tuesday morning, Treasury Secretary Henry Paulson gave a speech on China. It was called "Managing Complexity and Establishing New Habits of Cooperation" - a title that a therapist might borrow for a parents' lecture on coping with defiant adolescents.
Careful optimism about the U.S. economy and financial system has given way to a resurgence of unease in the last couple of days, prompted by an announcement Monday of an extraordinary plan to pump liquidity into an important part of the debt markets and less-than-upbeat speeches from Federal Reserve chairman Ben Bernanke and Treasury Secretary Henry Paulson.
Treasury Secretary Hank Paulson is walking a fine line, pushing the need to help troubled mortgage borrowers without rewarding past risky behavior.
Barney Frank and Hank Paulson and Ben Bernanke want everyone to know this: They are not engaging in morally hazardous behavior.
Shifting course, Treasury Secretary Henry Paulson planned to tell Congress that the Bush administration would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities loans exceeding $417,000.
U.S. Treasury Secretary Henry Paulson said Monday that regulators should not rush to impose new rules on financial markets in reaction to the recent credit crisis.
Treasury Secretary Henry Paulson said Wednesday that the turbulence that has hit financial markets will take some time to be resolved, especially in the area of subprime mortgages.
Treasury Secretary Henry Paulson said Friday that it will take time for financial markets to work through the current credit problems and some companies won't make it.
Treasury Secretary Henry Paulson said on Tuesday the global economy is strong and liquidity will return to normal in financial markets once investors reprice risk.
Treasury Secretary Henry Paulson said the current turmoil in financial markets will slow economic growth but should not spark a recession, according to a report published Thursday.
The U.S. Treasury department said Thursday it was keeping a close eye on financial market activity as stock prices slumped in early trading on worries about subprime mortgage sector problems.
Major gauges recouped late session losses to finish higher for the third straight session Wednesday as stocks got a lift from the tech and housing sectors and cooling credit market fears.
Stocks gave back most of their gains in late trading Wednesday, after climbing on cooling credit market fears, and strength from both the housing and tech sectors.
Treasury Secretary Henry Paulson said on Wednesday that the market impact of the U.S. sub-prime mortgage fallout is largely contained and that the global economy is as strong as it has been in decades.
China eflected U.S. pressure Tuesday for a faster rise in the yuan and bolder economic reforms by telling visiting Treasury Secretary Henry Paulson that it is still poor and poses no threat to anyone.
U.S. Treasury Secretary Henry Paulson on Sunday acknowledged high trade tensions with China and said he would start a four-day visit by focusing on an issue with more common ground: the environment.
Stocks seesawed Friday, as investors weighed remarks from Treasury chief Henry Paulson, a strong GDP reading, and residual credit market fears that send the Dow industrials tumbling more than 300 points just a day earlier.
The U.S. economy's strong performance in the second quarter, particularly in exports, is being driven by strong growth outside the United States, not the weak dollar, U.S. Treasury Secretary Henry Paulson said on Friday.
Treasury Secretary Henry Paulson said on Thursday the U.S. business tax system creates distortions in the allocation of capital and must be re-examined to boost the competitiveness of American companies.
Treasury Secretary Henry Paulson defended Bush administration efforts to protect consumers from unsafe products from China and said Monday close economic ties between the two countries were vital.
Treasury Secretary Henry Paulson said Monday the U.S. housing market correction was "at or near the bottom," although it could be some time before an upturn.
U.S. Treasury Secretary Henry Paulson said Wednesday that China is helping to power the strongest global growth in decades, but as a major economic participant, China must address the need for economic reforms.
U.S. Treasury Secretary Henry Paulson told Senators on Wednesday that significantly narrowing the tax gap between federal taxes owed and taxes paid may not be possible "without adding draconian and painful requirements on all taxpayers," most of whom pay their taxes in full.
Stocks ended little changed, after a choppy session in which investors struggled to find a new catalyst after last week's big run up.
Stocks recovered from the morning's technology-led weakness, but struggled to find momentum Tuesday afternoon amid mild comments from Federal Reserve Chairman Ben Bernanke and no new catalyst after last week's rally.
Technology stocks remained stuck in the red but the broader market improved a bit Thursday afternoon amid mild comments from Federal Reserve Chairman Ben Bernanke and a drop in Treasury bond yields.
Bond prices extended the previous session's rally Wednesday afternoon, but trading is likely to be choppy ahead of next week's Federal Reserve meeting.
Henry M. Paulson Jr., plucked from a top job on Wall Street to lead the Department of Treasury, was sworn in Monday as its 74th secretary.
Henry Paulson's move from Wall Street to President Bush's Cabinet became official Wednesday, when the Senate confirmed him to be the nation's 74th Treasury secretary, succeeding John Snow.
The $183,500 salary for the Treasury Secretary post may not mean much to nominee Henry Paulson, Jr., who's used to earning closer to $40 million. But thanks to a provision in the tax code, the exiting Goldman Sachs CEO will get a financial break for moving to D.C. that could add up to millions.
Goldman Sachs may be bidding adieu to Chairman and Chief Executive Henry Paulson, but don't expect Paulson's exit to mark any slowdown in the company's stellar growth, making Goldman Sachs a hot bet for investors.
Stocks slumped early Tuesday as investors took in a change at the helm of the U.S. Treasury and waited for consumer confidence news at the start of this shortened trading week.
Of all the CEOs on Wall Street, only Paulson has been secure enough to speak out against corporate malfeasance. At a June 2002 speech to the National Press Club on the firestorm of criticism levele...
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