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Posts Tagged ‘treasury department’

ATandT, Verizon Contracts Under Obama Administration Review

A $350 million AT&T agreement and a $203,000 Verizon deal are among the older IT contracts the Obama administration is reviewing as it looks to trim costs. – AT amp;T’s $350 million contract to improve communications at the Treasury Department is reportedly among more than two dozen older government IT deals that the Obama administration is reviewing as it looks to trim costs and pare down the budget deficit.

According to an Aug. 23 report in the Wall…


“One Percenters” Enjoy Unprecedented Protection

Here’s a truism: The wealthiest 1 percent have never had it so good.

According to government figures, 1-percenters’ share of America’s total income is the highest it’s been since 1929, and their tax rates are the lowest they’ve faced in two …

Treasury: We Can’t Tell You Where Bailout Money Went, Because “Money Given to a Bank is Like Water Poured into an Ocean”

A soon-to-be released report by special inspector general Neil Barofsky finds: Many of the banks that got federal aid to support increased lending have instead used some of the money to make investments, repay debts or buy other banks It is not clear w…

Reese Schonfeld: The “Financial System” vs. The Real World

The Administration continues to proclaim that we will create new jobs through small business and entrepreneurship. That’s going to be very hard to do with CIT gone.

Budget Deficit Tops $1 Trillion For First Time

WASHINGTON — Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time.

The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar….