The developing Libor scandal has ensnared Obama Treasury Secretary Timothy Geithner, the Washington Post reports.
The New York Federal Reserve and its then-chairman Timothy Geithner were informed as early as 2007 about problems pertaining to Libor, a critical interest rate that sets the tone in the global marketplace, according to the Washington Post.
National Security Adviser Tom Donilon collected more than $148,000 in pension payments from bailed out mortgage giant Fannie Mae in 2011, on top of his White House salary of $172,200, according to a Free Beacon analysis of White House personal financial disclosure forms.
The nation’s current tax rates should be extended beyond 2012, two respected budget experts testified at a Senate hearing on Tuesday.
House Minority Leader Nancy Pelosi (D., Calif.) has taken a major financial hit since President Barack Obama took office.
The Treasury Department is pushing for a new batch of regulations on money market mutual funds to dispel consumer notions that the funds are backed by a government guarantee—a notion created by a bailout forced on the industry against its wishes in 2008.
Employees at the California Department of Insurance are being handed $1,000 iPads, despite the state’s crushing budgetary problems.
The median American family’s net worth has dropped to early-1990s levels according to the Federal Reserve’s Survey of Consumer Finances, which was released Monday.
A new report by former FBI Director Louis J. Freeh detailing MF Global’s misuse of Italian bonds before its October bankruptcy subjects embattled Obama bundler Jon Corzine to further scrutiny.