U.S. Department of the Treasury

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  • City of Detroit Gets an Extra $42M in Demolition Funds

    The U.S. Treasury Department and the Michigan State Housing Development Authority approved additional funds for the city’s blight removal initiative, which will now expand to 90 percent of Detroiters.

    Detroit 12 May 2016 12:45
  • U.S. Government Bids Adieu to Old Baltimore Property

    After months of bidding wars, an old federal building is now under new ownership. The U.S. Appraisers' Stores property in downtown Baltimore sold last week for...

    Baltimore 14 July 2015 17:07
  • Perkins Coie Closes $125M US Treasury Guaranteed Bond for CRF, CDT

    Perkins Coie has announced that it has closed a $125 million U.S. Treasury guaranteed bond issue for Minneapolis-based Community Reinvestment Fund and Community Development Trust. The bond, one of three issued, will help provide low-cost capital to invest in affordable housing loans.

    National 26 August 2014 17:21
  • Budget Deficit Continues Shrinking

    The U.S. Department of the Treasury, in its latest Monthly Treasury Statement, said that the country ran a $94 billion deficit in July 2014, down from $97 billion during the same month a year earlier.

    National 13 August 2014 13:25
  • Citi Pays Fine for Subprime Misdeeds

    Citigroup agreed to pay $7 billion to settle charges levied by the U.S. Department of Justice that the banking giant routinely and brazenly securitized and sold vast numbers of bum mortgages to investors in 2006 and ’07, and knew it was doing so.

    National 15 July 2014 12:48
  • Rumbles of Trouble in the Euro Zone

    It’s been a while since the euro-zone crisis rumbled loud enough to bother investors around the world, but late last week Portugal halted trade in Banco Espirito Santo, which is the banking arm of one of that country’s largest conglomerate, with regulators citing “irregularities” in its accounts and asserting that it’s in “serious financial condition.”

    National 14 July 2014 13:20
  • Federal Deficit Continues to Drop

    The federal government’s budget deficit dropped sharply in the first seven months of fiscal 2014 (beginning Oct. 1, 2013), according to a report by the U.S. Department of the Treasury.

    National 13 May 2014 12:48