Foreign holdings of Treasury debt top $6 trillion

WASHINGTON - Foreign buyers of U.S. Treasury securities increased their holdings in June, topping...holdings slightly.China, the top foreign buyer of U.S. Treasury debt, trimmed its holdings by 0.2 percent to $1...

Fannie, Freddie post profits in 2Q; pay dividends

...earned $3.7 billion in the second quarter. Washington-based Fannie will pay a dividend of $3.7 billion to the U.S. Treasury next month. With its previous payments totaling $126.7 billion, Fannie has more than fully repaid the $116 billion...

Limiting mergers abroad: Obama targets corporate tax loophole

...U.S. corporate tax rates.Administration officials estimate the deals, if allowed to continue, will cost the U.S. Treasury $17 billion in lost revenue over the next decade. Most recently, Walgreen Co., the drug store chain that promotes...

Kingston, Perdue offer few details on budget fixes

...obligations" that Congress has already approved, particularly making interest payments to the investors who have bought U.S. Treasury bonds."At the very least, we have to make those interest payments," he said. "We absolutely cannot default...

U.S. Treasury chief expects interest rate hike

...States should soon lead to higher interest rates, U.S. Treasury Secretary John Snow said in an interview published...driving up yields. The price of the benchmark 10-year U.S. Treasury note dropped 12/32 point, or $3.75 per $1...

U.S. Treasury to stop issuing HH Savings Bonds

...giving people enough time to make choices." Jack Quinn, chief executive officer of Savingsbonds.com, said the U.S. Treasury already is trying to discourage the use of HH bonds. His site, www.savingsbonds.com, has asked bond buyers...

Fugitive Ga. banker takes plea deal

...director and put him charge of investing its capital. Prosecutors say Price told bank managers he would invest in U.S. Treasury securities, but instead he routed the money to other accounts he controlled. After nearly two years of seizing and...

Sanford asks Treasury to investigate SC bank

...COLUMBIA, S.C. - Gov. Mark Sanford has asked the U.S. treasury secretary to investigate a South Carolina-based bank...board was down to six finalists. In his letter to U.S. Treasury Secretary Henry Paulson, Sanford cited Mack's retirement...

Queensborough defers TARP payments until capital position is stronger

...12 million of its preferred stock purchased by the U.S. Treasury as a part of TARP in 2009.President and CEO Bill...percent.According to information published by the U.S. Treasury, the Treasury does not have the contractual right...

Under fire for deficits, U.S. pledges to cut red ink in half in five years

DUBAI, United Arab Emirates -- U.S. Treasury Secretary John Snow told global bankers and economists worried about the tide of red ink in Washington that the massive U.S...