U.S. Treasury

1:49am

Mon November 12, 2012
Politics

Lew, Bowles Rumored To Replace Treasury's Geithner

Originally published on Mon November 12, 2012 3:43 pm

A second term means some new Cabinet appointments for President Obama, including at the Treasury. After four pretty grueling years, Secretary Timothy Geithner has made it clear he will be leaving Washington.

White House press secretary Jay Carney said last week that Geithner would be staying on through the inauguration. He's also expected to be a "key participant" in "fiscal cliff" negotiations.

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2:07pm

Fri October 12, 2012
The Two-Way

Deficit Tops $1 Trillion For Fourth Year

The figures are in for the federal government's fiscal 2012 and the deficit was $1.089 trillion, according to the Treasury Department and Office of Management and Budget.

That's less than the previous year's $1.297 trillion and is the third consecutive decline.

But it's also the fourth year in a row of a $1 trillion+ gap between spending and revenues.

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12:16pm

Thu September 20, 2012
The Salt

Billionaires Fund A 'Manhattan Project' For Nutrition And Obesity

Originally published on Fri September 21, 2012 7:46 am

Billionaires John and Laura Arnold are betting that the country's top nutrition researchers can get to the bottom of the obesity epidemic.
Courtesy of the John and Laura Arnold Foundation

Why would a billionaire energy trader-turned-philanthropist throw his foundation's dough behind a new think tank that wants to challenge scientific assumptions about obesity?

John Arnold, 38, whose move from Enron to a spectacularly successful hedge fund got him on the list of wealthiest Americans, isn't crazy about talking to the press. But certainly his decision with his wife Laura to back a newly launched operation called the Nutrition Science Initiative, or NuSI, is an intriguing one.

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2:45pm

Tue September 11, 2012
NPR Story

U.S. Treasury Cuts Stake In AIG With $18 Billion Sale

Originally published on Tue September 11, 2012 7:57 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The U.S. government made a big chunk of money in the stock market today. It sold more than 630 million shares in AIG, the American International Group. The government reluctantly acquired the shares when it injected billions of dollars into the insurance giant to keep it from collapsing. The Treasury Department says the government turned a $15.1 billion dollar profit on the deal. Here's NPR's John Ydstie.

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1:44pm

Mon September 10, 2012
Planet Money

Where The Bailouts Stand, In 1 Graphic

Originally published on Tue September 11, 2012 2:07 pm

Lam Thuy Vo / NPR

It's been four years since the U.S. launched a massive bailout of the financial system and the auto industry. While much of the bailout money has been paid back, the government still owns large shares in companies such as AIG and GM, and has yet to recoup some $200 billion in bailouts.

Here's a breakdown by industry.

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