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Already, the U.S. Treasury's outstanding public debt of $14.2 trillion at the end of September accounted for a big portion of the $40.3 trillion bond market and dwarfed some $8.7 billion in corporate debt.
Business

Budget bloat and big borrowing bother business

James Langford -
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The U.S. Bank, one of the largest U.S. lenders, has agreed to pay $613 million to settle U.S. government claims that it cut corners on anti-money laundering safeguards. (Daniel Acker/Bloomberg)
Business

US Bank settlement shows Trump isn’t giving misbehaving lenders a free pass

James Langford -
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Pedestrians pass in front of a U.S. Bank branch in downtown Chicago in January. The lender has agreed to pay $613 million to settle claims that it deliberately scrimped on anti-money laundering safeguards. Photographer: Christopher Dilts/Bloomberg
Business

Government fines U.S. Bank $613 million for poor money-laundering safeguards

James Langford -
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News

Steven Mnuchin: Congress ‘should look into’ gun violence

Joseph Lawler -
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Freddie Mac, the bailed-out government-sponsored enterprise, told investors that it lost $3.3 billion in the fourth quarter of 2017, driven by a $5.4 billion in accounting losses due to the tax changes signed by President Trump in December. (AP Photo/Pablo Martinez Monsivais, File)
Economy

Freddie Mac joins Fannie Mae in needing federal funds because of accounting losses

Joseph Lawler -
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Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee on Capitol Hill in Washington, Wednesday, Feb. 14, 2018, on President Donald Trump's fiscal year 2019 budget proposal. (AP Photo/Susan Walsh)
Economy

Steve Mnuchin: Treasury will crack down on carried-interest loophole

Joseph Lawler -
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News

Louise Linton hopes to one day be able to wear her ‘Bond villain’ outfit again

Naomi Lim -
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Many of the rules apply to provisions of the tax code that have since been repealed by Congress, or significantly revised, such as previous versions of the alternative minimum tax. (AP Photo/Alex Brandon)
Economy

Treasury moves to repeal nearly 300 dead-letter tax rules

Joseph Lawler -
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The budget doesn't propose an increase in base funding, but it would receive nearly $15 billion to enforce tax collections. (Andrew Harrer/Bloomberg)
Economy

Trump’s budget calls for $15 billion for IRS enforcement, aiming to help tax law

Joseph Lawler -
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As ABC News reports, Ron Wyden wrote to the Treasury Department last Friday, arguing that
Beltway Confidential

Ron Wyden is probably wasting time with his Russian money laundering investigation of Trump’s Palm Beach sale

Tom Rogan -
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