The Treasury will begin another round of sales for General Motor stock acquired during the government’s bailout of the auto sector, the department said on Monday.
A delegation of House Democrats is urging President Barack Obama’s administration to extend an exemption on Iran sanctions—a move that could allow certain groups linked to terrorism to benefit from American philanthropic donations, experts say.
In order to wind down mortgage-backing giants Fannie Mae and Freddie Mac, the government is now collecting all profits generated by the companies—a move some think may backfire by providing the federal government a new source of revenue that Congress will be hard-pressed to let go.
A group of lawmakers has asked the Federal Bureau of Investigation (FBI) to order Twitter to remove the accounts of multiple U.S.-designated terrorist groups from the micro-blogging site and warned that Twitter’s failure to do so could be a violation of U.S. law.
The Obama administration has rebuked pleas from General Motors to sell off government shares to the automaker.
An Obama administration official actively collaborated with a prominent left-wing think tank in 2011 to advance the president’s green energy agenda, in possible violation of federal law, emails obtained by the Washington Free Beacon show.
U.S. intelligence agencies recently monitored a secret meeting between Egypt’s intelligence chief and a senior Iranian spy that is raising new fears the Muslim Brotherhood government in Cairo could begin covertly supporting global terrorism.
Despite President Barack Obama’s stories about a resurgent GM ready to repay its bailout tab, the automaker and its former bank still owe taxpayers nearly $42 billion, according to an inspector general’s report.
Treasury Department officials solicited prostitutes, engaged in conflicts of interest, and accepted unethical gifts, according to the agency’s inspector general.
The developing Libor scandal has ensnared Obama Treasury Secretary Timothy Geithner, the Washington Post reports.