Treasury Turns to Prepaid Debit Cards for Tax Refunds

The Treasury Department is launching a pilot program to deliver tax refunds via prepaid debit cards rather than checks.

The plan aims to cut down on the administrative costs associated with checks and to help lower-income taxpayers without bank accou…

Exit Strategy: AIG’s Plan to Repay Taxpayers

Insurance giant American International Group on Wednesday signed an agreement with the government that details its plan to repay its government loans. Meanwhile, The Wall Street Journal reports that the government plans to sell…

Treasury Department Selling Off Citigroup Shares

The U.S. Treasury Department is offering up its remaining Citigroup shares, a move that marks the end of one of the federal government’s largest bank bailouts. But the Treasury says it will hold out for an “acceptable price” fo…

Treasury Department Selling Off Citigroup Shares

The U.S. Treasury Department is offering up its remaining Citigroup shares, a move that marks the end of one of the federal government’s largest bank bailouts. But the Treasury says it will hold out for an “acceptable price” fo…

More White House Economic Advisers to Step Down

White House National Economic Council Deputy Director Diana Farrell and Treasury Department Assistant Secretary for Financial Institutions Michael Barr are planning to step down in the coming weeks — the latest in a series of …