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Finance & Economics

Treasury Targets International Narcotics Trafficking Network Linked To La Familia Michoacana

WASHINGTON – The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today designated two individuals and two entities linked to the international drug trafficking organization La Familia Michoacana as Specially Designated...

Pelosi Statement on May Jobs Report

WASHINGTON – Speaker Nancy Pelosi released the following statement on June, 4 in response to the report that the economy added 431,000 jobs in May and saw the unemployment rate fall to 9.7 percent:

Jobless aid set to expire as House votes on bill

The House of Representatives on Friday was to vote on a reduced package of safety-net spending and tax measures that would raise taxes on fund managers, but it likely was too late to avoid disrupting...

Stock futures rise, traders try to build on rally

NEW YORK – Stock futures rose Wednesday as investors try to build momentum following a late-day rally during the previous trading session.

Treasury Secretary Visits Washington State to Discuss American Exports, Jobs and Economic Growth

Treasury Secretary Tim Geithner traveled today to Washington state – the number one exporter in the United States on a per capita basis – to discuss the Administration's efforts to spur American exports, open new markets for U.S. exports, and grow the...

Chrysler Financial Parent Company Repays $1.9 Billion in Settlement of Original Chrysler Loan

The U.S. Department of the Treasury today announced that it has received a $1.9 billion repayment from Chrysler Holding (CGI Holding) in settlement of one of the loans that the Treasury Department extended to finance Chrysler LLC, the "Old Chrysler"...

Recession hampering fight against hunger in Europe, Central Asia – UN

13 May 2010 – The global downturn is threatening to reverse gains made – driven largely by agriculture – in combating poverty and food insecurity in Europe and Central Asia, a senior United Nations official said today.
Some 50 million people in...