Tag Archives: Treasury

White House Loses Manufacturing Czar

White House manufacturing czar Ron Bloom will be stepping down from his position, the administration announced Tuesday. Bloom spent the past two and a half years advising President Barack Obama on manufacturing policy. Recently, Bloom helped broker an agreement between the federal government and leading automakers to raise fuel economy …

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Treasury Secretary Geithner Stays On

Treasury Secretary Timothy Geithner announced Sunday he is staying on the job at President Barack Obama’s request. Reuters reports Geithner considered stepping down after the federal debt ceiling was raised. However, Obama urged him to remain in his post amid growing economic uncertainty and fears over a possible double-dip recession. …

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Treasury: It’s Business as Usual

Assuming Congress passes the debt ceiling increase Tuesday, the Treasury announced Monday it plans to borrow $331 billion in the current quarter. Reuters reports the Treasury is proceeding as if the debt ceiling increase will be passed and signed by President Barack Obama. The Treasury has said it would not …

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Federal Agency Spending Outpaced by Debt Obligations

Even if the federal government completely stops discretionary program spending in the second half of fiscal 2011, the savings would not be enough to cover federal debt obligations, FierceGovernment.com reports. The Congressional Research Service released a report June 8, saying the savings would total $688 billion. However, in order for …

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