The White House is throwing its support behind a plan to transfer the U.S. Secret Service back to the Treasury Department to better focus on the growing threat of online financial crimes. Shifting the agency from within the Department of ...

Tagged with: Department of Homeland Security DHS Secret Service Treasury Department Trump White House

The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8 percent bigger than a year ago as spending hit a record. ...

Tagged with: federal government Treasury Department US budget deficit

The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total ...

Tagged with: Fannie Mae Freddie Mac mortgage finance companies Treasury Department Trump

What would Ferdinand Pecora do? Thirty-seven years after his death, the name of this former assistant district attorney from New York suddenly is on a lot of politicians’ lips. Starting in 1933, as counsel to the Senate Banking and Currency ...

Tagged with: Ferdinand Pecora Glass-Steagall Act Nancy Pelosi Securities and Exchange Commission Timothy Geithner Treasury Department Wall Street

Barack Obama has promised many times that he will have the most accountable administration in history. But early on, he missed two opportunities to show he means what he says. First, Tim Geithner's nomination to head the Treasury Department should have been withdrawn once his weaknesses were apparent. Second, Obama should have never picked Eric Holder to be attorney general.

Tagged with: accountability Andrew Cuomo attorney general Barack Obama Citigroup Dick Cheney Eric Holder executive bonuses George W. Bush Lewis Libby Tim Geithner Treasury Department

As the new owner of $172.5 billion of preferred shares and warrants in 208 U.S. financial institutions, the Treasury Department hasn’t succeeded in thawing frozen credit markets, leaving taxpayers propping up an industry that won’t lend to them. While inter-bank ...

Tagged with: AIG Alan S. Blinder Congress credit markets Henry Paulson Jeffrey Garten JPMorgan Chase & Co. TARP Treasury Department Wells Fargo & Co.