Tag Archives: Department of the Treasury

The U.S. Treasury cut a disaster relief loan to Puerto Rico by over 50 percent this week, according to the island’s Gov. Ricardo Rossello. This relief fund of $4.7 billion was provided in October, during the aftermath of Hurricane Maria, ...

Former White House Counsel and Senior Fellow in Financial Policy Studies at the American Enterprise Institute Peter J. Wallison put in an appearance Thursday on CNBC’s The Santelli Exchange, where he criticized the U.S. Treasury Department’s recent approach to regulation ...

Following a week of argument within Congress regarding everything from healthcare to the Financial CHOICE Act, on Wednesday at 2 p.m. EST, the Department of the Treasury will release its monthly Federal Budget Statement. The Bureau of Fiscal Service releases a report of the monthly receipts/outlays and deficits/surplus of the United States. This budget announcement comes right on the heels of the first round of votes to move the Financial CHOICE Act forward, a bill which would act as an alternative to the Dodd-Frank Act.

Popular, Inc., Puerto Rico’s largest bank began its exit from the Troubled Asset Relief Program (TARP) as the Department of the Treasury announced that it had accepted final repayment of $946 million.

The Treasury Department announced Thursday new efforts by the Obama Administration to further stabilize the housing market. During his remarks at the Making Home Affordable (MHA) Fifth Anniversary Summit, Secretary Jack Lew announced an extension of the MHA program for at least one year and a new effort to help jump-start the Private Label Securities (PLS) market.

If you're hoping to see the beleaguered Fannie Mae and Freddie Mac adequately recapitalized, you're going to have to wait another two decades or so. But Mary Miller, the Department of the Treasury's undersecretary for domestic finance, is hoping to find another way.