The Treasury Department has picked two financial institutions to manage a program it unveiled last month to provide support for beleaguered mortgage-backed securities
Investors have stopped fleeing money-market funds, a week after the federal government said it would insure fund shares don't lose their value.
The $700 billion bailout legislation now under consideration by Congress calls for the Treasury Secretary to implement a plan to stem foreclosures by working with servicers to modify loans.
Coming to the rescue of a bedrock of American investing, the Treasury Department and the Federal Reserve took three big steps Friday to shore up the $3.3 trillion U.S. money-market fund industry.
As the outlook for Lehman Brothers' future appeared to dim Sunday, U.S. and foreign banks joined forces to create a plan aimed at inoculating the global financial system against the investment bank's possible failure, a top investment banking official said.
The Treasury Department is trying to reassure investors that the government will meet its commitments in its unprecedented takeover of the nation's two largest mortgage companies.
The Treasury Department is close to finalizing plans to effectively take over beleaguered mortgage buyers Fannie Mae and Freddie Mac, according to a report published Friday.
When the next generations of $5, $10, $20 and $50 bills roll off the presses, there should be some way for blind people to tell them apart, a federal judge said Thursday
U.S. Treasury prices fell slightly Thursday after a revised reading on second-quarter GDP showed a better-than-expected jump and the government auctioned off $22 billion of 5-year notes.
The following statement was posted online by the U.S. Department of the Treasury:
The Treasury Department has picked two financial institutions to manage a program it unveiled last month to provide support for beleaguered mortgage-backed securities
Investors have stopped fleeing money-market funds, a week after the federal government said it would insure fund shares don't lose their value.
The $700 billion bailout legislation now under consideration by Congress calls for the Treasury Secretary to implement a plan to stem foreclosures by working with servicers to modify loans.
Coming to the rescue of a bedrock of American investing, the Treasury Department and the Federal Reserve took three big steps Friday to shore up the $3.3 trillion U.S. money-market fund industry.
As the outlook for Lehman Brothers' future appeared to dim Sunday, U.S. and foreign banks joined forces to create a plan aimed at inoculating the global financial system against the investment bank's possible failure, a top investment banking official said.
The Treasury Department is trying to reassure investors that the government will meet its commitments in its unprecedented takeover of the nation's two largest mortgage companies.
The Treasury Department is close to finalizing plans to effectively take over beleaguered mortgage buyers Fannie Mae and Freddie Mac, according to a report published Friday.
When the next generations of $5, $10, $20 and $50 bills roll off the presses, there should be some way for blind people to tell them apart, a federal judge said Thursday
U.S. Treasury prices fell slightly Thursday after a revised reading on second-quarter GDP showed a better-than-expected jump and the government auctioned off $22 billion of 5-year notes.
The following statement was posted online by the U.S. Department of the Treasury:
The Treasury Department said Friday that it sent out 9.7 million economic stimulus checks this week, totaling $7.5 billion. Only two weeks remain until the majority of the stimulus payments are distributed, according to the Treasury Department.
The Treasury Department said Friday that it sent out 9.1 million economic stimulus checks this week, totaling $6.9 billion.
The Treasury Department said Friday it sent out 9.5 million economic stimulus payments this week, totaling more than $7 billion.
The government has intercepted $842 million in economic stimulus payments for 1.5 million Americans who have skipped out on child support obligations, student loans or tax bills.
The Treasury Department said Friday it sent out 5.7 million economic stimulus payments this week, totaling more than $4 billion, as part of the government's plan to reinvigorate the nation's sluggish economy.
A federal appeals court ruled Tuesday that the U.S. Treasury Department is violating the law by failing to design and issue currency that is readily distinguishable to blind and visually impaired people.
The U.S. discriminates against blind people by printing paper money that makes it impossible for them to distinguish among the bills' varying values, a federal appeals court ruled
The Treasury Department said Friday it sent out more than 15 million economic stimulus payments this week, totaling more than $13.5 billion, in an effort to boost the nation's spending power.
Nearly 8 million taxpayers found some extra money in their bank account this week, courtesy of the U.S. Treasury.
You know how good it feels when you fish a $10 bill out of your jeans pocket right before it hits the wash. Imagine coming into hundreds of dollars from a savings bond or a bank account you forgot about.
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 budget deficit for the first five months of this fiscal year has risen more than 60% from the prior year after ballooning by more than expected in February, the Treasury Department said Wednesday.
Lawmakers have given their final seal of approval to a $170 billion plan intended to spark the slowing economy.
The Quds Force, the elite unit of Iran's Islamic Revolutionary Guard Corps, provides "lethal support" to the Sunni-dominated Taliban for use against U.S. and NATO forces, according to information in the new U.S. sanctions imposed on Iran.
Earlier this week, the Treasury Department and Wall Street banks tried to calm the nerves of investors about the state of a key short-term debt market.
The House Financial Services Committee asked the Federal Reserve and the U.S. Treasury Department to testify at a hearing Sept. 5 that will examine the current crises in the credit and mortgage market, Chairman Barney Frank, a Massachusetts Democrat, said Monday.
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.
Bonds prices edged higher Thursday after a report indicated that the trade deficit widened more than expected, suggesting a softening economy.
It's tempting to roll your eyes at the latest options backdating news - more evidence that in certain ways American executives are still the world's most creative.
A federal judge has ruled that the U.S. Treasury Department is violating the law by failing to design and issue currency that is readily distinguishable to blind and visually impaired people.
Question: As aggressive savers and investors, my wife and I, who are 50 and 48 respectively, have accumulated a significant diversified portfolio of stocks. What we lack are bonds, and I have zero experience in this area. I put some money in a bond fund a few years ago, and it went down immediately. My wife and I are positioned to retire in five to 10 years, so I know we need some bonds to protect us in the event of a market meltdown. But I'm feeling intellectually paralyzed. Help! - Anthony S., Honolulu, Hawaii
U.S. Treasury debt prices fell on Friday amid worries that an anticipated Fed interest rate cut in early 2007 may be delayed after surprisingly upbeat manufacturing conditions and consumer confidence data.
The U.S. government is making a mint off of birthdays, bar mitzvahs and graduations: About $13 billion in savings bonds have matured but not yet been redeemed.
U.S. Treasury debt prices extended losses Wednesday after a strong report on private sector employment growth for June, which indicated that Friday's influential non-farm payrolls report could be robust.
In an effort to track the flow of terrorist money in the wake of the Sept. 11, 2001, attacks, the Treasury Department obtained data from an international cooperative that transmits information between financial institutions worldwide, both the department and the cooperative said.
The Great Savings Bond Treasury Hunt
Welcome to MONEY's annual report on the year's most important funds. The 725 stock funds have combined assets in excess of $3.7 trillion and hold 87% of all the wealth in stock funds. The 275 bond entries, with $846 billion, represent 71% of bond fund dollars. To see how the funds you own--or those you are considering--fared, read on.
As we face a new year, it's a great time to take steps to protecting ourselves and our families from some of the disasters we saw last year. In today's 5 Tips we're going to tell you what you can do right now to avoid those pitfalls.
2005 saw the most computer security breaches ever, subjecting millions of Americans to potential identity fraud, according to a report published Thursday.
The past five years have been lean times for savers. With interest rates hovering at historical lows, the yields on supersafe vehicles like money market funds and certificates of deposit have been ...
The president's tax-reform advisory panel submitted two final proposals Tuesday morning to the Treasury Department, both of which offer significant changes to the tax breaks people have come to expect -- as well as to the complexity and costs of filing that many have come to detest.
A new $10 bill featuring color, new art and enhanced security will be unveiled Wednesday, and the government hopes it will take hold quickly as other new designs.
U.S. Treasury debt prices fell Thursday as factory surveys showing an energy-related jump in prices renewed inflation fears, while the dollar rose against the euro and the yen.
Bonds ticked lower Monday afternoon as investors looked ahead to the Federal Reserve Open Market Committee meeting and a widely expected quarter point interest rate hike.
Treasuries were muted Thursday as an employment report offering an upbeat sign for the labor market wasn't enough to move bonds off the gains reached in the previous session following news that the Treasury Department would resume selling the 30-year bond.
With the world situation looking very "iffy," I'm looking for some safe places to put my money. Specifically, I'm thinking of small stocks and international funds. What do you think?
In bond land, a big event begins today: the quarterly refunding. This happens four times a year when the Treasury department sells a bunch of new notes and bonds to take the place of the ones that are maturing.
U.S. Treasury prices dropped Monday on a government report that showed solid increases in personal income and spending, factors that may lead to an eventual pickup in inflation.
U.S. Treasury prices continued their recent downtrend and dipped Tuesday as traders remained wary of the all-important payroll figures scheduled for release at the end of the week.
U.S. Treasury prices rose Monday as oil continued its climb and speculation widened that the Federal Reserve may acknowledge a weaker economy in Tuesday's policy statement.
U.S. Treasury prices rose slightly Thursday after a key economic report pointed to tame inflation and supported speculation that the Federal Reserve may take a break from lifting rates after its meeting next week.
U.S. Treasury prices jumped Friday after the trade deficit in June came in far wider than expectations on falling exports, a key measurement in gross domestic product that may lower expectations for economic growth.
U.S. Treasury prices posted solid gains Thursday as record high oil prices raised concerns that the economic recovery may hit a prolonged slump.
U.S. Treasury bonds made a slight push upward Monday on news that terrorists plan to attack financial centers with truck bombs, but they failed to climb as high as expected after the release of strong economic data.
U.S. Treasury prices moved little Thursday after a mixed bag of economic news hinted that inflation remains tame, but the manufacturing sector may be heating up.
U.S. Treasury prices fell Friday after a closely watched measure of inflation came in higher than previously reported.
U.S. Treasury prices dropped Thursday in an initial reaction to firm inflation and jobs figures, although the losses were limited amid additional unrest in the Middle East.
U.S. Treasury prices slid Wednesday as lower oil prices boosted equity markets, making safe haven investments less attractive, while fears over a strong payrolls report and better-than-expected auto sales pressured bonds.
U.S. Treasury prices rose Friday, sending yields down from two-year highs, as investors sought out fixed-income securities after a lower-than-expected reading on consumer sentiment.
U.S. Treasurys resumed their downward trend Wednesday as investors eyed less interest from Asian buyers in today's auction of two-year notes and more strong economic reports toward the end of the week.
U.S. Treasury prices fell slightly Thursday on a report that showed manufacturing in the mid-Atlantic region surged in early April, offsetting a jump in initial jobless claims.
U.S. Treasury prices rose Wednesday as the government issued a strong report on orders for long-lasting goods. Excluding transportation orders, however, the report came in on the soft side.
Uncle Sam may begin playing repo man when it comes to Americans donating their old cars to charity.
The author of a new book that has put former Treasury Secretary Paul O'Neill at the center of a swirling controversy said Wednesday none of the documents he used in his research were classified.
U.S. Treasury prices fell Wednesday, pushing yields higher, as investors awaited note auctions and anticipated an improving picture of the employment market when figures are released later in the week.
It was another bad year for stock funds. Economic uncertainty--plus major blowups like Qwest and WorldCom--handed the market its third straight losing year. While few diversified equity funds remai...
Government finance rarely gets more exciting than it did on Oct. 31, when the Treasury Department announced it would no longer issue the 30-year bond. Since its introduction in 1977, the long bond ...
--MAILBOX ECONOMY Neither rain nor sleet nor fear of anthrax keeps the postal service from delivering mail. How valuable a service does it perform? The Mailing Industry Task Force, headed by the De...
Here are the latest results for 504 bond funds that are listed on the Nasdaq; have assets of at least $120 million; are available to individual investors at a minimum investment of $25,000 or less;...
Q. Is there a website posting daily U.S. Treasury bond, note and bill prices? Andrew Pitonvak a_pitonvak@yahoo.com
STOCKS Allied Signal, Berkshire Hathaway Class A and B, Citigroup, Coca-Cola, Costco Wholesale, Disney, Freddie Mac, General Electric, Intel, Lucent Technologies, McDonald's, Mercury General, Meri...
The Treasury Department's recent announcement that it wants to buy back bonds as part of an effort to eliminate the federal debt may have some unforeseen implications. Sure, the move toward debt-fr...
I am composing this in the midst of a panic--not my own, Wall Street's. Junk bonds, investment-grade corporates, mortgages, convertibles, emerging markets debt and the like--all securities not actu...
To boost the flagging sales of savings bonds, the Treasury Department will begin selling an inflation-indexed version on Sept. 1. As with the 10- to 30-year inflation-indexed Treasuries already on ...
The $20 bill the Treasury Department will unveil this fall to combat counterfeiting still features Andrew Jackson's portrait. Good thing. Judging by the new $20's outdated approach to security, Old...
Like excitement? We've certainly had our share lately: Markets from Wall Street to London have been rocked by the financial turmoil in Asia. So where should you turn for reliable growth? You'd do b...
Our analysis of the funeral industry in September's "The Final Payment" drew some of the angriest mail we've received in months. The article explained that funeral prices typically include markups ...
Here's good news for the 15 million or so Americans who buy U.S. Savings Bonds each year: A new formula will boost the payout on Series EE bonds by at least a full percentage point. New bonds will ...
For dazed stock investors, it's been an unusually rollicking ride on the stock market roller coaster lately. After rising 9.3% in the first five months of the year, Standard & Poor's 500-stock inde...
Got an expensive retirement fantasy? How about a real-world college bill coming your way? Whatever your goals, you'll probably need some help getting there, and the funds listed here are some of th...
THIS MONTH: --New automated loan machines let you borrow in just 10 minutes. --Who should use tax-saving credit cards that tap a home-equity line
IN THE FIRST MAJOR PAPER CURRENCY REdesign since 1929, the Treasury Department created the new C-note pictured below, which could begin circulating as early as next month, to thwart counterfeiters....
For years, I've hopped from one money-market fund to another in the Dreyfus group, seeking the optimum combination of high yields and low fees. Like a bargain hunter at Macy's, I shop the company's...
Pity the lowly certificate of deposit. Despite all the hoopla over the recent uptick in short-term interest rates, the three-month variety still earns a miserly 3.1% on average these days. With 3% ...
If you are wavering between a fixed-rate mortgage and one with an adjustable rate, the case for fixed rates just got stronger. The Treasury Department's plan (announced in May) to sell more short-t...
If popularity were the same as profitability, bond funds would surely be the best investment since the Yankees bought Babe Ruth from the Red Sox for $100,000 in 1920. The funds already hold more th...
The Treasury Department cut the minimum guaranteed rate on Series EE savings bonds to 4% from 6% as of March 1. Even so, EEs may remain a smart buy. The interest is exempt from state and local taxe...
With yields on certificates of deposit down to 5% or less, investors are scrambling for higher yields. The biggest rush may come over the next few weeks, when an estimated $150 billion in CDs -- pu...
''It's the stupidest thing I've ever heard of,'' says Barbara Danziger, a freelance book proofreader in Livingston, N.J. ''When you give a present, you like to give it. I think more people are goin...
Which financial institutions do Americans trust these days? The surprising answer, according to a MONEY/ABC News survey, is that you favor banks and credit unions over the U.S. Treasury itself. In ...
As Congress and the Treasury Department scramble to shore up the sagging banking system (see the table below), savvy consumers are posing a more fundamental question: Do I really need a bank at all...
Lately a lot of investors have been pledging allegiance to U.S. Government money funds. In the five months through early November, $16 billion poured into government money markets -- four times the...
The Treasury Department, which last summer put a $73 billion pricetag on the S&L disaster, has increased its estimate to between $90 billion and $130 billion. Over the same period, the General Acco...
Conventional wisdom is that, presidential pledge to the contrary, a tax hike is inevitable. After all, if the most conservative Administration in modern history couldn't curtail federal spending, t...
Getting your financial act together is only partly a matter of making a few smart moves. You also need to avoid the major mistakes that too many Americans make with their money. Some of the most co...
Seesawing interest rates have taught fund investors the hard way that long- term bonds can be just as volatile as stocks. Some short-term bond funds offer a smoother ride but only at a sacrifice --...
Nobody calls them chicken funds, but that is what they are. Securities firms are coaxing wary investors back into the market by pitching products with ''money-back'' guarantees. These are hybrid mu...
Your policies don't say that, but if you die owning them they might as well, because then the payouts could be included in your taxable estate. Without insurance, most people's taxable assets fall ...
THE GOOD NEWS is that your investment has doubled. Back in 1981 you plunked $10,000 into a certificate of deposit at your friendly bank and locked in 16% annual interest for five years. Now, thanks...
The Treasury Department once again has announced that it is considering reducing the 7.5% guaranteed annual rate on newly issued Series EE savings bonds held to their five-year maturities. Twice ea...
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