Watchdog group Judicial Watch sent a letter on Wednesday to the Internal Revenue Service calling for the withdrawal of a new proposal regarding nonprofit groups, calling the proposal a “plainly unconstitutional regulation that arbitrarily reverses 53 years of administrative and judicial precedent.”
A recently revealed memo from the Treasury Department indicates that owners of Fannie Mae and Freddie Mac common stock will not be able to access any future earnings from the mortgage giants, a previously undisclosed arrangement that experts say might violate securities laws and amount to a de facto nationalization of the companies.
Taxpayers are expected to lose $10 billion on the GM bailout, as the Treasury Department begins to sell off its remaining 101.3 million shares.
A top Treasury Department watchdog defended his investigation into the targeting of conservative groups by the Internal Revenue Service.
A senior al Qaeda bomb maker operating in Pakistan’s lawless tribal region was designated as a terrorist on Thursday by the Treasury Department.
The United States Treasury Department sanctioned a prominent Greek businessman Thursday for his efforts to help Iran evade Western economic sanctions.
A fuel cell manufacturer that received more than $70 million in federal grants has been fined for illegally paying employees in pesos.
Treasury Department officials argued in court Monday that a conservative think tank is not entitled to more than 7,000 agency emails concerning a potential carbon tax, a move Sen. David Vitter (R., La.) called duplicitous and insulting.
Two House committees are investigating whether the IRS illegally implemented an important provision of Obamacare.