U.S. bond prices fell Wednesday on violence in Libya. An auction of $35 billion in five-year notes met with little demand, while 10-year Treasury prices fell 22 cents per $100 invested. Stocks also declined as a result of the L…
The climbing yield on the 10-year Treasury note — now 3.70%, a nine-month high — can mean bad things for economic growth and stock prices. But not yet, if market guru Jeffrey Kleintop is right. He says the 10-year Treasury ne…
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…
General Motors has repurchased $2.1 billion in preferred stock from the federal government, further reducing the amount the automaker owes taxpayers following last year’s bailout. The latest transaction cuts the government’s st…
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…