Freddie Mac, Fannie Mae to pay US $39 bn

Last Updated: Friday, November 8, 2013, 10:05

US mortgage finance giants Freddie Mac and Fannie Mae Thursday said they will pay the US Treasury USD 39 billion in dividends after reporting strong third-quarter earnings.

US federal government to borrow $531 bn in six months

Last Updated: Tuesday, November 5, 2013, 14:08

It is also expected to issue $265 billion in net marketable debt in the first three months of next year, assuming an end-of-March cash balance of $45 billion, the department said in a statement.

US calls on Germany to boost its 'anemic pace' of demand

Last Updated: Thursday, October 31, 2013, 11:14

The Treasury`s semi-annual report to Congress on international economic and exchange rate policies singled out Europe`s largest economy for keeping its economic policy too tight.

US 2013 deficit falls to $680 bn, half of 2009 peak

Last Updated: Thursday, October 31, 2013, 09:38

The US budget deficit plunged 37.5 percent in fiscal 2013 to less than half its level four years ago on sharp spending cuts and surging revenues, the Treasury said Wednesday.

US says Chinese yuan still undervalued despite rise

Last Updated: Thursday, October 31, 2013, 09:34

The US Treasury said Wednesday that the Chinese yuan remains undervalued despite its significant appreciation this year and called on Beijing to disclose more about its market intervention.

India trims exposure to US govt securities at $57 billion

Last Updated: Wednesday, October 23, 2013, 14:11

India trimmed its exposure to US government securities to USD 57 billion in August, the lowest in four months, amid persistent uncertainties in the world's largest economy.

US debt increases to $17 trillion

Last Updated: Saturday, October 19, 2013, 11:17

The public debt of United States has increased to a whopping USD 17 trillion after the Congress increase the debt ceiling this week.

Prioritizing which US bills to pay would be 'chaos': Lew

Last Updated: Thursday, October 10, 2013, 23:12

The Obama administration said on Thursday that a looming US default would hit everyone from Social Security pensioners to bondholders and urged Congress to raise a cap on government borrowing to avoid a crisis.

Punjab govt pays Rs 12,574 cr made through e-payment system

Last Updated: Thursday, October 10, 2013, 19:07

Punjab government today said with the computerisation of all treasury offices, the disbursement of more than Rs 12,574 crore to over 26 lakh beneficiaries has been made in six months.

What default? Republicans downplay impact of US debt limit

Last Updated: Tuesday, October 8, 2013, 11:51

To many Republicans, however, the prospect of the world's lone superpower juggling its bills doesn't seem so bad.

'Not raising debt ceiling could result in 2008-like situation'

Last Updated: Friday, October 4, 2013, 09:04

The Congress needs to increase the federal debt ceiling by October 17 to avoid having the US default on its obligations.

Geithner still not interested in being Fed chair: Source

Last Updated: Monday, September 16, 2013, 09:25

Former US Treasury Secretary Timothy Geithner is still not interested in being the next head the Federal Reserve, a source familiar with his thinking said on Sunday, after front-runner Lawrence Summers withdrew his name from consideration.