S&P to Pay $1.5 Billion Fine to US, States Over Mortgage Bond Ratings
S&P will pay more than a year’s profit to settle suits that it inflated ratings on subprime-mortgage bonds.
PIMCO’s El-Erian Sees Tiny Taper at Fed Meeting, Yellen as Frontrunner
Mohamed El-Erian says he expects a drop of about $10 billion to $15 billion in monthly asset purchases when the FOMC meets Tuesday and Wednesday.
Lew Has Work Cut Out for Him as Treasury Head
Jacob Lew is scheduled to be sworn in Thursday as Treasury secretary and will have to hit the ground running.
Senate Finance Sets Feb. 13 Hearing on Lew Nomination for Treasury
Jacob "Jack" Lew is sure to face a tough grilling from lawmakers, as President Barack Obama’s recent swath of nominations have been challenged by the courts.
As Geithner Departs Treasury, He Sees Economy Strengthening Gradually
Says he won't seek to be head of Fed, but will definitely be ‘learning how to fly-fish.’
U.S. Debt Debate Tops Global Investing Concerns: Poll
U.S. budget “discord” is more of a concern for investors than Europe’s fiscal crisis or a slowdown in China, according to the Bloomberg Global Poll.
Geithner: Debt Ceiling Will Be Reached on New Year’s Eve
Let the hangover metaphors begin.
Treasury Sells Remaining AIG Shares, Profiting From Bailout
The Treasury Department on Tuesday sold its remaining 16% of AIG common shares for $7.6 billion, putting an end to the government’s 50-month shotgun financial tryst with the global insurer.
Geithner: Ready to Go Over ‘Fiscal Cliff'
The treasury secretary didn’t mince words in an interview on Wednesday.
Geithner Says ‘Absolutely’ When Asked About Eliminating Debt Ceiling
Debt ceiling used as a political tool, time to go, says treasury secretary.