Tag: United States Department of the Treasury

• Wednesday, August 21st 2024 - 15:43 UTC

  US sanctions former Haitian president for alleged drug trafficking

  

  The United States' Treasury Department Tuesday imposed a series of sanctions on former Haitian President Michel Joseph Martelly (2011-2016) for allegedly abusing his influence to facilitate drug trafficking. The former head of state is also accused of perpetuating the ongoing crisis in the Caribbean country.

• Thursday, August 4th 2011 - 19:21 UTC

  US gross national debt equivalent to 100% of GDP, first time since 1947

  

  The United States gross debt shot up 238 billion dollars to reach 100% of GDP after the government's debt ceiling was lifted, Treasury figures showed. On Tuesday, the Treasury had to add more than 200 billion of commitments immediately after President Barack Obama signed into law an increase in the debt ceiling.

• Saturday, May 15th 2010 - 04:49 UTC

  World Stock Markets Plunge and Euro Falls to 18-Month Low

  

  World stock markets plunge Friday and the Euro hit an 18-month low against the dollar, on growing fears that the austerity packages unveiled across Europe could tip the continent back into recession and stifle global economic recovery.

• Thursday, May 13th 2010 - 10:31 UTC

  Federal Budget April Revenue Falls 7.9% with Deficit Reaching 82.7 Billion

  

  The US reported its largest April budget deficit on record, 82.7 billion USD as receipts declined in a month that typically sees an increase in individual income tax payments, according to the latest release from the Treasury Department.

• Thursday, April 22nd 2010 - 02:43 UTC

  General Motors repay 8.1 billion to US and Canadian governments

  

  General Motors repaid Wednesday 8.1 billion US dollars in government loans, five years ahead of schedule and nine months after the troubled auto giant declared bankruptcy, signalling that the auto maker may be on the path to profitability.