Tag Archives: Treasury

CBO: US Could Default on Debt After September

The Congressional Budget Office estimates the U.S. government will be at risk of defaulting on its debt sometime between October and November 2015 unless lawmakers strike a new debt-ceiling agreement. CBO said Congress passed the Temporary Debt Limit Extension Act last year to extend the U.S.’ borrowing authority through March …

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Treasury: Federal Deficit Soars $18B in January

The Treasury Department said the U.S. budget deficit hit $194 billion for the four months of fiscal 2015, compared with the $183 billion shortfall in the same period last fiscal year, the Wall Street Journal reported Wednesday. Nick Timiraos writes the Treasury also disclosed that the federal budget gap widened slightly to $18 …

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GSA Extends Treasury Dept’s Vienna Office Lease

The General Services Administration has renewed lease on a Vienna, Virginia, office space for the Treasury Department‘s financial crimes enforcement network organization, the Washington Business Journal reported Monday. Daniel Sernovitz writes the GSA signed a $53.9 million renewal lease agreement for the 2070 Chain Bridge Road building, which the Treasury …

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DOT Official Brodi Fontenot Nominated as Treasury Dept CFO

Brodi Fontenot, currently a Transportation Department official, has received a presidential nomination to serve as the Treasury Department‘s next chief financial officer, the White House announced Thursday. Fontenot’s roles at DOT include assistant secretary for administration, chief human capital officer and senior sustainability officer. He joined that agency in 2009 as deputy assistant secretary …

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Report: Fed, Treasury Start on Default Contingency Plans

The Federal Reserve System and the U.S. Treasury have started working to develop a contingency plan in case the government fails to extend the nation’s $16.7 trillion debt ceiling by Oct. 17, Reuters reported Thursday. Tim Reid and Jonathan Spicer write officials are evaluating options on how to handle the potential impact of …

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Alison Macfarlane: NRC to Close Doors Thursday

The Nuclear Regulatory Commission has run out of funds to continue operations and will be forced to close down Thursday until it receives a new appropriations measure. Ninety percent of the NRC’s budget comes from collected fees that must be deposited in the U.S. Treasury and Congress must pass a …

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