U.S. Treasury

4:49am

Tue February 19, 2013
Politics

Get A Social Security Check? Treasury Says It's Time To Go Electronic

Originally published on Tue February 19, 2013 10:33 am

U.S. Treasury checks are run through a printer.
William Thomas Cain Getty Images

Every month, the government sends out about 5 million checks to Americans who receive federal benefits. On March 1, the Treasury Department is making those paper checks a thing of the past.

Since May 2011, all new Social Security recipients are required to get direct deposit of their benefits. Some 93 percent of all recipients now do.

But there are still holdouts, so the Treasury Department started a campaign and a website, Go Direct, in an effort to convince the remaining 7 percent.

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4:12pm

Wed February 13, 2013
The Two-Way

Jack Lew, Obama's Treasury Nominee, Faces Questions About Citigroup Bonuses

Treasury Secretary nominee Jack Lew speaks during his confirmation hearing before the Senate Finance Committee Wednesday.
Mark Wilson Getty Images

Jack Lew, who President Obama has nominated as Treasury Secretary, was grilled over his time at Citigroup today during his confirmation hearing.

At issue, reports Fox News, was a nearly $1 million bonus he accepted just as the bank was getting bailed out by the federal government.

Fox adds:

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1:40am

Tue February 12, 2013
Governing

Treasury Nominee's Citigroup Experience Raises Questions For Some

Originally published on Tue February 12, 2013 7:02 am

Jack Lew testifies before a House budget panel in 2011. The Senate Finance Committee is scheduled to consider Lew's nomination to be Treasury secretary on Wednesday.
J. Scott Applewhite AP

Jack Lew, the man President Obama has chosen to help oversee the country's biggest banks, has said it plainly — he's no expert on banking. Lew said as much when the Senate was vetting him to head the White House Office of Management and Budget in 2010.

Sen. Bernie Sanders, I-Vt., asked Lew if he thought deregulation of Wall Street caused the financial crisis. Lew said he didn't consider himself the best person to answer that question.

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3:03pm

Wed January 30, 2013
Shots - Health News

Why Some Families Won't Qualify For Subsidized Health Insurance

iStockphoto.com

Quite a few families with expensive job-based health insurance may be ineligible for federal subsidies to help them buy cheaper coverage through new online insurance markets, under final rules released Wednesday by the Internal Revenue Service.

The two rules, published by the Treasury Department here and here, uphold earlier proposals outlining what is considered affordable, employer-sponsored coverage.

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3:43pm

Mon January 28, 2013
The Two-Way

Watchdog Says Treasury OK'd Excessive Executive Pay At Bailed-Out Firms

A man walks by an American International Group (AIG) building in 2009.
Spencer Platt Getty Images

The special watchdog overseeing the Troubled Asset Relief Program says the United States Treasury failed to rein in executive pay at companies that received a government bailout.

The AP reports, for example, that the Treasury approved all 18 requests for raises it received from executives at AIG, General Motors and Ally Financial.

The AP adds:

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