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Content Tagged As treasury

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  • Mnuchin sworn in as treasury secretary

    February 13, 2017 8:30 PM

    WASHINGTON - Steven Mnuchin has been sworn in as the next treasury secretary. Mnuchin took the oath of office in the Oval Office Monday night. President Donald Trump says that Mnuchin spent his entire career making money in the private sector and now will go to work for the American... more »
  • State treasurer's lead disappears in Louisiana Senate race

    September 21, 2016 12:59 PM

    BATON ROUGE - A new poll in Louisiana's U.S. Senate race shows Republican Treasurer John Kennedy's lead slipping after months as the front-runner in the competition. Republican U.S. Rep. Charles Boustany has closed the gap in the latest survey released Wednesday by Southern Media and Opinion Research. Kennedy leads the... more »
  • Do you have unclaimed cash? Check here!

    September 14, 2016 6:57 PM

    BATON ROUGE – Louisiana residents can search for nearly $750 million in unclaimed property Saturday at the Mall of Louisiana, according to Treasurer John Kennedy. Employees from the Unclaimed Property Division will be stationed near the Dillard’s entrance on the first floor of the mall from 10 a.m. to... more »
  • Do you have unclaimed cash? Click here!

    June 30, 2016 11:37 AM

    BATON ROUGE – Officials say more than 4,000 people in Louisiana have unclaimed money after a recent settlement with mortgage services. State Treasurer said the state received $2.4 million after a settlement stemming from the 2008 housing bubble burst. “If you lost your home to foreclosure during the... more »
  • In budget crunch, state agencies leaving money unclaimed

    May 3, 2016 12:29 AM

    BATON ROUGE - Money is tight in Louisiana, but there are millions of dollars just waiting to be cashed. State agencies are not staying on top of unclaimed property owed to them. Some seem to have forgotten its there. "We've returned $315 million, and we got a long... more »
  • Bills aimed at cutting state consulting contracts advance to House

    April 29, 2016 10:22 AM

    BATON ROUGE - Bills aimed at cutting consulting contracts were advanced by the House Appropriations Committee this week, according to State Treasurer John Kennedy. "We had $12.23 billion in contracts last year. State agencies will tell you every one of those contracts is necessary. I disagree," said Treasurer Kennedy.... more »
  • Treasury uncovers almost $45M for insurance beneficiaries

    April 21, 2016 4:39 AM

    BATON ROUGE- The Louisiana Department of the Treasury has found nearly $45 million in death benefits that should have been paid to Louisiana residents. State Treasurer John Kennedy, in a news release Wednesday, said that kind of discovery is why they check insurance company records. The department has been conducting... more »
  • Treasurer: State revenues increased 3 percent for January

    February 15, 2016 12:43 PM

    BATON ROUGE - The State Department of the Treasury says reports indicate total revenue for January 2016 saw a three percent increase over December of last year. Sales tax, severance tax and corporation/franchise tax receipts are down from last year in the 2015-16 fiscal year, but individual income tax... more »
  • Treasurer Kennedy on the state budget deficit Play Video

    September 30, 2015 10:33 AM

    BATON ROUGE- The state budget deficit is looming over lawmakers' heads. A key economist with the state has already told residents to expect cuts before the end of the year. Treasurer John Kennedy stopped by 2une In Wednesday morning to explain the state's financial predicament. "We're spending more money than... more »
  • $150K in unclaimed property returned at Baton Rouge event

    August 25, 2015 7:53 AM

    BATON ROUGE- The Louisiana Department of the Treasury has returned $150,506 in unclaimed money to hundreds of residents during an event in Baton Rouge. State Treasury John Kennedy, in a statement Monday, said one lady found $20,000 during Saturday's Unclaimed Property event at the Mall of Louisiana. Kennedy says a... more »
  • US records biggest budget surplus in 7 years

    May 12, 2015 2:18 PM

    WASHINGTON - The Treasury Department says a flood of tax payments pushed government receipts up to an all-time high in April and left the country with the largest monthly budget surplus in seven years. The department's budget report put the April surplus at $156.7 billion, up from a surplus of... more »
  • VA watchdog defends actions in contracting report

    March 17, 2015 2:22 AM

    WASHINGTON, D.C. - The inspector general's office at the Department of Veterans Affairs is defending its actions after the office drew unusual criticism from its counterpart at the Treasury Department. In a report in December, the VA inspector's office found that former VA procurement officer Iris Cooper improperly steered $15... more »
  • Lawmakers say job growth not reflected in treasury

    March 18, 2014 12:30 PM

    BATON ROUGE - Lawmakers who keep hearing job creation stories from Gov. Bobby Jindal have asked the governor's economic development chief to explain why state tax revenue remains stagnant. The questions came Tuesday as members of the House Appropriations Committee were reviewing the Department of Economic Development's budget. Jindal repeats... more »
  • Head of bank bailout runs for California governor

    January 21, 2014 2:35 PM

    SACRAMENTO, Calif.- Neel Kashkari, a former U.S. Treasury official and architect of the nation's bank bailout, says he is running for governor of California. He entered the race Tuesday as a Republican newcomer who faces long odds against incumbent Gov. Jerry Brown, a Democrat. Kashkari made the announcement in a... more »
  • State shuffling dollars to pay for sinkhole

    October 9, 2013 7:29 AM

    BATON ROUGE - The state Department of Natural Resources borrowed $8 million from the state treasury to meet the day-to-day expenses of Bayou Corne. Now, that money is almost gone. DNR's biggest expense is paying CB&I to help with the science behind a 25-acre sinkhole in Assumption Parish.... more »
  • Obama to meet with Treasury officials over IRS

    May 15, 2013 1:21 PM

    WASHINGTON - The White House says President Barack Obama will meet with Treasury officials Wednesday to discuss the Internal Revenue Service's targeting of conservative groups for special review. White House press secretary Jay Carney says Obama expects people to be held accountable. The meeting comes in the aftermath of an... more »
  • $420K in unclaimed property returned at drive

    April 29, 2013 3:26 PM

    BATON ROUGE- The state Department of Treasury has returned a record $420,000 in unclaimed money to hundreds of New Orleans area residents at an Unclaimed Property Awareness Day over the weekend. In an effort to increase awareness about the Unclaimed Property Program and help citizens claim their money, the Treasury... more »
  • Treasury allowed raises at bailout companies

    January 28, 2013 7:15 PM

    The U.S. Treasury Department disregarded its own rules and allowed large pay raises for executives at three companies that got taxpayer-funded bailouts during the great recession. Treasury approved 18 raises for people at AIG, General Motors and Ally Financial. The Special Inspector General for Troubled Asset Relief says 14 of... more »
  • US taps pension fund to avoid passing debt limit

    January 15, 2013 5:46 PM

    WASHINGTON - Treasury Secretary Timothy Geithner says the government has begun borrowing from the federal employee pension fund to keep operating without surpassing its debt limit. Geithner says in a letter to congressional leaders that the move will free up $156 billion in borrowing authority while Congress debates increasing the... more »
  • Geithner: Gov't could pass debt limit by mid-Feb.

    January 14, 2013 4:08 PM

    WASHINGTON - Treasury Secretary Timothy Geithner is telling congressional leaders that the U.S. government will exhaust its borrowing limit as soon as mid-February, earlier than expected. The government reached its $16.4 trillion borrowing limit on Dec. 31, but began using bookkeeping maneuvers to keep from surpassing it. In a letter... more »

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