Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $14,644
16%  
Woo hoo!! And the first 16% is in!! Thank you all very much!! God bless.

Keyword: treasurydepartment

Brevity: Headers | « Text »
  • Overthrow the Establishment to Fix the Economy

    06/17/2016 6:22:07 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | June 17, 2016 | Larry Kudlow
    Famed investor Wilbur Ross recently told CNBC that “Trump represents a more radical new approach to government that the nation’s economy desperately needs.” He’s right. Trump seeks an overthrow of the establishment. He’s a disrupter. Just what we need to fix the economy. The situation is that desperate. The last 15 years of economic policy, especially the last eight years, represent a relapse that harks back to the 1970s. Now like then, we have a high-tax, high-spend, high-regulation, Fed-pump-priming, standard-less dollar-manipulation policy mix. In general, it’s a government-planning approach in the U.S. and around the world. We’ve not experienced high...
  • Debt ceiling lifted, and the same day, debt jumps $339B

    11/03/2015 5:01:07 PM PST · by Beave Meister · 23 replies
    The Washington Examiner ^ | 11/3/2015 | PETE KASPEROWICZ
    The U.S. national debt jumped $339 billion on Monday, the same day President Obama signed into law legislation suspending the debt ceiling. That legislation allowed the government to borrow as much as it wants above the $18.1 trillion debt ceiling that had been in place. The website that reports the exact tally of the debt said the U.S. government owed $18.153 trillion last Friday, and said that number surged to $18.492 on Monday. The increase reflects an increasingly common pattern that can be seen in the total U.S. debt level when the debt ceiling is reached.
  • O'Neill Received Secret Papers Through Error, Not Wrongdoing

    03/23/2004 6:28:25 AM PST · by OESY · 17 replies · 551+ views
    Wall Street Journal ^ | March 23, 2004 | GLENN SIMPSON
    <p>WASHINGTON -- Sensitive national-security information was mistakenly released by the Treasury Department to former Treasury Secretary Paul O'Neill, but no criminal statutes were violated, records show.</p> <p>Mr. O'Neill drew on some of the material -- part of a cache of 19,000 documents -- for a memoir released in January that was critical of President Bush. When a document stamped "Secret" was displayed on a CBS "60 Minutes" episode concerning the book, the Treasury Department sought an investigation.</p>
  • SIGTARP: Excessive Pay at Bailed-Out GM

    09/30/2014 10:32:50 AM PDT · by jazusamo · 3 replies
    NLPC ^ | September 30, 2014 | Mark Modica
    A special inspector general report on compensation for executives at General Motors and Ally Financial blasts the Treasury Department for allowing excessive pay at the companies as taxpayers lost billions of dollars on the auto bailouts. The watchdog group issuing the report monitors the Troubled Asset Relief Program (TARP), which was set up to save financial corporations deemed "too big to fail" due to systemic risk to America's financial system. The program was expanded to allow for the bailing out of the auto industry, despite the questionable use of funds specifically designated for financial institutions. A NY Times piece...
  • Watchdog Says Treasury Let GM, Ally Give Executives Big Raises During TARP

    09/24/2014 10:52:26 AM PDT · by jazusamo · 12 replies
    Wall Street Journal ^ | September 24, 2014 | Alan Zibel
    Report Criticizes Treasury for Allowing Pay Packages Worth at Least $1 Million a YearWASHINGTON—The Treasury Department allowed General Motors Co. GM +0.69% and Ally Financial Corp. ALLY +0.43% to give big pay raises to top executives while the firms struggled to exit their federal bailouts, a federal watchdog said Wednesday. The report criticized the Treasury for allowing Ally and GM to pay compensation packages worth at least $1 million in 2013 for all 25 top executives at each company. The companies paid those executives an average of $3 million annually, an increase of 28% from 2009, the report found. The...
  • EPA's move to administratively garnish wages

    07/03/2014 2:21:23 PM PDT · by Outside da Box · 33 replies
    The Daily Signal ^ | 07/03/2014 | Robert Gordon
    Just in time for the Fourth of July, the Environmental Protection Agency (EPA) announced that it has added a new regulatory weapon to its arsenal. In a Federal Register notice on July 2 titled “Administrative Wage Garnishment,” the EPA stated that by the authority of the Debt Collection Improvement Act (DCIA ) of 1996 it issued a proposed rule that “will allow the EPA to garnish non-Federal wages to collect delinquent non-tax debts owed the United States without first obtaining a court order.” According to the Treasury Department, under DCIA, such debts include “unpaid loans, overpayments or duplicate payments made...
  • U.S. Takes $9.7 Bil Hit in GM Bailout

    10/29/2013 1:29:52 PM PDT · by jazusamo · 21 replies
    Judicial Watch ^ | October 29, 2013
    President Obama loves taking credit for saving the American auto industry and this week a federal audit reveals that the rescue effort has fleeced U.S. taxpayers out of an astounding $9.7 billion. While this may seem inconceivable to most, the numbers don’t lie. The United States Treasury has recorded a $9.7 billion loss on its $49.5 billion bailout of General Motors, according to a report released this week by the Special Inspector General for the Troubled Asset Relief Program (TARP). Remember the $700 billion boondoggle created to help stabilize the nation’s financial system during the 2008 crisis by purchasing “toxic...
  • No, Failure To Raise Debt Ceiling Won't Cause Default

    10/10/2013 3:53:01 PM PDT · by jazusamo · 13 replies
    Investors.com ^ | October 10, 2013 | IBD Editorial
    Debt Talks: When Treasury Secretary Jack Lew repeatedly says the government has no choice in paying its bills if the debt ceiling is breached, he must surely know it's not true. So why say it? In a word, politics. As the nation's chief financial officer, the Treasury secretary has an enormous responsibility to shoot straight with the American public about the state of our finances. So does President Obama, for that matter. But when it comes to the political dispute over raising the debt ceiling from its current $16.7 trillion, Lew unfortunately has not leveled with us. Opting for political...
  • Obama Administration Still Stonewalling on Delphi Pension Scandal

    07/29/2013 1:32:44 PM PDT · by jazusamo · 13 replies
    NLPC ^ | July 29, 2013 | Mark Modica
    The lack of transparency from the Obama Administration continues as leaders of the House Oversight and Government Reform Committee continue to try and persuade the Treasury Department to hand over documents relating to the Administration's involvement in the termination of non-union Delphi retirees' pension benefits. Non-union Delphi retirees saw their benefits lost while unionized UAW retirees at the company had their benefits "topped off" and preserved with taxpayer dollars funneled through General Motors during the 2009 auto bailout process. Evidence surfaced about a year ago that the Obama Administration played a role, once again, in choosing winners and losers by...
  • Treasury: IRS targeted 292 Tea Party groups, just 6 progressive groups

    06/27/2013 8:02:10 AM PDT · by Beave Meister · 16 replies
    The Washington Examiner ^ | 6/27/2013 | PAUL BEDARD
    Refuting Democratic suggestions that progressive groups were also swept up in the IRS probe of the tax status of Tea Party organizations, the Treasury Department's inspector general has revealed that just six progressive groups were targeted compared to 292 conservative groups. In a letter to congressional Democrats, the inspector general also said that 100 percent of Tea Party groups seeking special tax status were put under IRS review, while only 30 percent of the progressive groups felt the same pressure. The Wednesday letter to the top Democrat on the House Ways and Means Committee punched a huge hole in Democratic...
  • Were Republicans Targeted in GM and Chrysler Dealership Closures?

    05/28/2013 9:10:31 AM PDT · by jazusamo · 46 replies
    NLPC ^ | May 28, 2013 | Mark Modica
    The IRS scandal that revealed targeting of conservative groups by the Treasury Department has reopened speculation that the Obama-orchestrated auto bailouts unfairly targeted Republican-leaning dealerships for closure. Republican Congressmen Mike Kelly (PA) and Jim Renacci (OH) have penned a letter to Treasury Secretary Jack Lew requesting documentation so that an investigation can determine what criteria was used to shutter dealers that appear to have had one thing in common: their political affiliations. The outrageous behavior of the IRS in targeting non-profit organizations with conservative roots, like the Tea Party, for extra scrutiny came at around the same time that General...
  • Ex-IRS Agent Sentenced to Prison in Murder-for-Hire Plot

    04/17/2013 6:25:48 PM PDT · by DogByte6RER · 4 replies
    Los Angeles Times ^ | April 13, 2013 | Tony Perry
    Ex-IRS agent sentenced to prison in murder-for-hire plot A former IRS agent who opened a tax preparation business was sentenced Friday to nearly 24 years in prison for defrauding clients out of more than $11 million and then attempting to hire a hit man to kill four of them. Steven Martinez, 51, of Ramona was sentenced in San Diego federal court to 286 months in prison and five years of supervised release. He was also ordered by District Court Judge William Hayes to forfeit all the property, including a home in Mexico, and other possessions that he purchased with clients'...
  • (Beam Me Up!) - IRS Calls 'Star Trek' Parody Video a Mistake

    03/23/2013 8:24:42 AM PDT · by DogByte6RER · 28 replies
    Orange County Register ^ | March 22, 2013 | STEPHEN OHLEMACHER
    <p>WASHINGTON (AP) — Nobody's going to win an Emmy for a parody of the TV show "Star Trek" filmed by Internal Revenue Service employees at an agency studio in Maryland.</p> <p>Instead, the IRS got a rebuke from Congress for wasting taxpayer dollars.</p>
  • After Call From Senator's Office, Small Hawaii Bank Got U.S. Aid

    06/30/2009 10:50:04 PM PDT · by FromLori · 6 replies · 431+ views
    Sen. Daniel K. Inouye's staff contacted federal regulators last fall to ask about the bailout application of an ailing Hawaii bank that he had helped to establish and where he has invested the bulk of his personal wealth. The bank, Central Pacific Financial, was an unlikely candidate for a program designed by the Treasury Department to bolster healthy banks. The firm's losses were depleting its capital reserves. Its primary regulator, the Federal Deposit Insurance Corp., already had decided that it didn't meet the criteria for receiving a favorable recommendation and had forwarded the application to a council that reviewed marginal...
  • Surprise! Treasury IG probing multi-million-dollar fraud in green-energy grants, tax credits

    12/14/2012 11:25:40 AM PST · by Ernest_at_the_Beach · 30 replies
    Hot Air ^ | 12:41 pm on December 14, 2012 | Ed Morrissey
    And the probe doesn’t involve some bit players in an obscure program, either.  The 1603 Program was one of the centerpieces of Barack Obama’s 2009 stimulus, designed to subsidize a transition from hydrocarbon-based energy to renewables in the residential market, and federal government sunk $13 billion into the effort.  Now the Inspector General of Treasury has opened a probe of the three largest providers of solar panel installations, who gained the most from the 1603 Program, and who may have fraudulently calculated their bills in order to claim more taxpayer cash: Three of the country’s most prolific installers of...
  • Former Obama auto czar, Treasury officials break in eleventh hour...

    07/10/2012 3:46:41 PM PDT · by Hotlanta Mike · 10 replies
    The Daily Caller ^ | 07/10/2012 | Matthew Boyle
    President Barack Obama’s former auto industry adviser and two former Treasury Department officials cracked at the last minute before a House oversight committee subcommittee hearing and agreed to stop stonewalling an investigation into alleged union favoritism during the administration’s General Motors bailout. Ron Bloom, Obama’s former auto czar, and former Treasury officials Matt Feldman and Harry Wilson have refused to give interviews to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) about their roles in topping up pensions for union workers while non-union workers lost nearly their entire pensions. The Treasury Department’s actions during the auto bailout...
  • Fed Audit Confirms Govt. Corruption In Solyndra Deal

    04/05/2012 1:20:18 PM PDT · by jazusamo · 5 replies
    Judicial Watch ^ | April 5, 2012
    The “serious concerns” of U.S. Treasury officials involving a risky $535 million infusion for a fly by night solar panel firm were ignored as the deal was fast-tracked by the Obama Administration, according to a federal audit released this week. Bankrolled by Obama fundraiser George Kaiser, the now-defunct northern California company (Solyndra) got more than half a billion dollars from the U.S. government to promote green energy. Instead, it abruptly folded last fall, stiffing American taxpayers and laying off more than 1,000 workers. From the start, it was a controversial deal that was suspiciously rushed through for a politically-connected...
  • Elizabeth Warren: I Created 'Occupy Wall Street'

    10/25/2011 8:52:20 AM PDT · by SeekAndFind · 38 replies
    Business Insider ^ | 10/25/2011 | Zeke Miller
    Massachusetts Senate candidate, consumer activist, and Wall Street Enemy #1 Elizabeth Warren took credit for the Occupy Wall Street movement in a new interview with The Daily Beast. “I created much of the intellectual foundation for what they do,” she told Samuel Jacobs. “I support what they do.” Warren, who was once a registered Republican, said she decided to enter politics because she realized “I can’t just leave this to people who are going to wreck the lives of millions of American families if they get the chance." Read full interview here
  • Warren: I 'created foundation' for OWS

    10/25/2011 8:37:46 AM PDT · by opentalk · 7 replies
    Politico ^ | October 24, 2011 | David Cananese
    Republicans who seek to tie Elizabeth Warren to the "Occupy Wall Street" protests are getting an assist from the candidate herself. The Democrat running for Massachusetts Senate tells The Daily Beast she created "much of the intellectual foundation for what they do," -- a clean and clear embrace of the movement that originated in Canada and has spread to cities across the country. It's a striking signal the Harvard professor is not afraid to be aligned with the protests the GOP is eager to portray as unorganized, reckless and outside the mainstream.
  • Hearing, Concern DOE Violated Law in Restructuring Solyndra Loan

    10/13/2011 8:51:16 PM PDT · by Rabin · 2 replies
    House Energy & Commerce. ^ | Thursday, October 13, 2011 | HE&C Staff
    WASHINGTON, DC – The Subcommittee on Oversight and Investigations will hold a hearing on “Continuing Developments Regarding the Solyndra Loan Guarantee” this Friday, October 14, 2011, at 9:30 a.m. in room 2123 of the Rayburn House Office Building. The committee recently learned that the Treasury Department was concerned that the Department of Energy’s restructuring of the Solyndra Loan in early 2011 was in violation of the law… Last Friday, committee leaders sent a letter to the Treasury Department seeking information and documents about the agency's involvement with the loan and its concerns…Friday as we’ll hear Treasury officials elaborate on their...