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Content Tagged As treasury

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  • 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 »
  • Unclaimed property a more likely payout than the lotto check to see if lock exists for regeneration Play Video

    November 27, 2012 5:20 PM

    BATON ROUGE- The state has more than $500 million in unclaimed property waiting for its rightful owner. The state treasury collects the money from businesses who can't find the owner. "Some of this gets lost and if a business can't find you and has your money it can't... more »
  • Unclaimed tax refunds to head to state treasury

    August 21, 2012 8:58 AM

    BATON ROUGE - More than $2.5 million in uncashed state income tax refunds are scheduled to be deposited into the state treasury on Friday. The money will become unclaimed property, joining more than $500 million in paychecks, apartment deposits, gift certificates, mutual funds and stocks as well as oil... more »
  • Treasury imposes penalties linked to alleged plot

    October 11, 2011 3:05 PM

    WASHINGTON - The Treasury Department says it is imposing economic penalties against four people who are linked to an alleged plot to assassinate the Saudi ambassador to the United States. Two of them have been charged in New York federal court. They are Manssor Arbashiar, a naturalized U.S. citizen... more »
  • Geithner says he will stay at Treasury

    August 7, 2011 3:54 PM

    WASHINGTON - Timothy Geithner has told President Barack Obama that he will remain on the job as Treasury secretary. The Treasury Department released a statement Sunday saying Geithner had informed the president of his decision to remain in the administration. Geithner is the only remaining top official on Obama's original... more »
  • State revenues drop by $140 million in September

    October 11, 2010 11:15 AM

    State revenues are down eight percent as compared to this time last year, according to the state treasury department. They report that total state revenues from July to September are down $140 million for a total collection of $1.707 billion. It’s another drop for the state, which had recorded a... more »
  • Bailed-out banks & overpaid execs

    July 23, 2010 12:09 PM

    The Treasury Department's pay czar says 17 banks gave their top executives $1.6 billion in lavish payments while they were receiving billions of dollars in taxpayer-funded bailouts. Kenneth Feinberg says he doesn't have the authority to ask for the money back, but says the federal govt. should develop new... more »
  • Stock Market Drops

    November 27, 2009 9:43 AM

    Stocks are tumbling as fears sweep world markets that financial trouble in the Middle Eastern city-state of Dubai will upend a global economic recovery. Treasury prices are jumping Friday as the dollar rises against other major currencies. Investors are seeking safety following steep drops in overseas markets. Commodities prices are... more »

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