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US records USD 71 billion budget surplus in June

Last Updated: Saturday, July 12, 2014, 00:43

The US government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

Indian-American appointed to key US Treasury Department post

Last Updated: Saturday, May 03, 2014, 10:48

Jawahar Kaliani has been appointed as the Deputy Chief Information Officer for Application Services Delivery (ASD) at the Office of the Comptroller of the Currency (OCC), Department of Treasury.

US allows Boeing to sell plane parts to Iran

Last Updated: Saturday, April 05, 2014, 06:51

The United States has issued a license allowing Boeing to do business with Iran for the first time since the US embargo of 1979, a company spokesman said Friday.

U.S. to let banks do business with licensed pot shops

Last Updated: Saturday, February 15, 2014, 04:33

The Obama administration on Friday sought to lessen the fear of prosecution for banks doing business with licensed marijuana companies, further encouraging US states such as Colorado and Washington that are experimenting with legalizing the drug.

India hikes US govt securities holdings to $63.9 bn

Last Updated: Sunday, January 19, 2014, 17:01

India increased its holding of American government securities to USD 63.9 billion for the second straight month in November last year.

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.

US federal govt to borrow $444 bn in second half

Last Updated: Tuesday, July 30, 2013, 16:11

The US Treasury Department on Monday announced that the federal government expected to borrow 444 billion US dollars from the market to fund its operation in the second half of this year.

US federal government has $69.6 billion deficit

Last Updated: Saturday, August 11, 2012, 13:54

The US federal government registered a budget deficit of about USD 69.6 billion in July, bringing the total budget gap for the first 10 months of this fiscal year near the USD 1 trillion mark, the US Treasury Department reported.

Geithner to visit India later this month

Last Updated: Tuesday, June 12, 2012, 10:28

Aiming to further expand the bilateral economic engagement, US Treasury Secretary Timothy Geithner would travel to New Delhi and Mumbai later this month for the third annual meet of the US-India Economic and Financial Partnership.

US reports $232 billion budget deficit

Last Updated: Tuesday, March 13, 2012, 11:31

The US Treasury Department announced Monday that the federal government registered a USD 231.7-billion budget deficit in February.