The initial public offering of General Motors last week netted $11.7 billion for the U.S. Treasury, which invested taxpayer money into keeping the then-struggling automaker solvent during the financial crisis as part of its Tr…
The U.S. Treasury Department will issue the second-largest quantity of debt ever for the fourth quarter of this calendar year. However, the quality is less than previously forecast because of a higher-than-expected government c…
The federal deficit will amount to the equivalent of approximately 10% of U.S. gross domestic product for the fiscal year, which ended Sept. 30, according to a Treasury official. That’s about the same percentage as the previous…
The financial crisis was produced by a complex set of circumstances, including a massive housing bubble, poor regulation and irresponsible lending on an epic scale. A handful of bankers became the public faces of the crisis, an…