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US can pay bills until early March: Treasury

Last Updated: Friday, December 20, 2013, 07:51

The United States will run out of money to pay its bills by early March if Congress does not raise the nation`s borrowing limit, Treasury Secretary Jacob Lew said Thursday.

India's holding in US government securities rises to $59.9 bn

Last Updated: Tuesday, December 17, 2013, 18:08

India increased its exposure to American government securities to USD 59.9 billion in October, the highest in four months, notwithstanding uncertainties in the world's largest economy.

US exits GM stake in $10 billon loss for taxpayers

Last Updated: Tuesday, December 10, 2013, 09:02

The US government sold its last shares of automaker General Motors Co on Monday, marking an end to a historic bailout of one of America's most storied companies.

US plans to exit GM stake by year-end, may lose $10 billion

Last Updated: Thursday, November 21, 2013, 22:18

The US Treasury Department said it expected to sell its remaining shares of General Motors Co by the end of the year, a plan that may leave taxpayers with a shortfall of about USD 10 billion on the automaker`s 2009 bailout.

World shares fall after Fed; euro down on ECB report

Last Updated: Thursday, November 21, 2013, 09:53

US stocks and gold retreated on Wednesday while U.S. Treasury yields shot higher after minutes from a Federal Reserve policy meeting in October suggested the U.S. central bank could begin to scale back its bond buying in the next few months.

Freddie Mac, Fannie Mae to pay US $39 bn

Last Updated: Friday, November 08, 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 05, 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.

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.

What default? Republicans downplay impact of US debt limit

Last Updated: Tuesday, October 08, 2013, 11:51

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