Political Capital

Posts tagged: Treasury Department

A pro-Russia activist hangs a flag of the so-called 'People's Republic of Donetsk' on the regional administration building seized by separatists as armed men in military fatigues guard the premises in the eastern Ukrainian city of Slavyansk on April 21, 2014.

Photograph by Genya Savilov/AFP via Getty Images

A pro-Russia activist hangs a flag of the so-called 'People's Republic of Donetsk' on the regional administration building seized by separatists as armed men in military fatigues guard the premises in the eastern Ukrainian city of Slavyansk on April 21, 2014.

Bloomberg by the Numbers: $27.1 Billion

Russia’s 19 richest men have lost a combined $27.1 billion of wealth this year, according to the Bloomberg Billionaires Index. Vladimir Lisin, chairman and largest shareholder of Novolipetsk Steel, has lost $3.9 billion from his net worth. Alisher Usmanov, who...

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A guard patrols the Capitol building in Washington, D.C.

Photograph by Pete Marovich/Bloomberg

A guard patrols the Capitol building in Washington, D.C.

Bloomberg by the Numbers: 17.5%

Federal revenues rose 17.5 percent to $144.3 billion last month from $122.8 billion a year earlier. The government’s outlays totaled $337.9 billion, for a monthly deficit of $193.5 billion that was lower than the $203.5 billion deficit the previous February,...

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Chinese one-hundred yuan banknotes

Photograph by Jerome Favre/Bloomberg

Chinese one-hundred yuan banknotes

Bloomberg by the Numbers: 8

China’s renminbi was the eighth most-used currency for payments in terms of value last month. The currency of the world’s most populous country jumped 12 spots from January 2012, when it was the 20th most-used currency for payments, according to...

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Copies of the Fiscal Year 2014 Budget sit on a pallet at the U.S. Government Printing Office in Washington, D.C., on April 8, 2013.

Photograph by Andrew Harrer/Bloomberg

Copies of the Fiscal Year 2014 Budget sit on a pallet at the U.S. Government Printing Office in Washington, D.C., on April 8, 2013.

Bloomberg by the Numbers: $755.3 Billion

That’s the federal budget deficit for the first 11 months of fiscal year 2013, according to a Treasury Department report yesterday. The government ran a $147.9 billion deficit in August after receipts of $185.4 billion and outlays of $333.3 billion.The...

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Secretary of the Treasury Jacob Lew attends a personnel announcement on June 10, 2013 at the State Dining Room of the White House in Washington, DC.

Photograph by Alex Wong/Getty Images

Secretary of the Treasury Jacob Lew attends a personnel announcement on June 10, 2013 at the State Dining Room of the White House in Washington, DC.

Courting Congressmen May Help Lew in Debt Talks

Jacob J. Lew’s endless pilgrimages to the Hill before his confirmation at Treasury secretary, followed by humble appearances before Congress during the IRS dispute, may have helped win him some support he will need during the looming debt ceiling debate....

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Sarah Bloom Raskin, governor of the of the U.S. Federal Reserve, speaks during an open meeting of the Federal Reserve Board in Washington, D.C., in this Dec. 16, 2010 file photo.

Photograph by Joshua Roberts/Bloomberg

Sarah Bloom Raskin, governor of the of the U.S. Federal Reserve, speaks during an open meeting of the Federal Reserve Board in Washington, D.C., in this Dec. 16, 2010 file photo.

Women Taking Over U.S. Treasury

While Larry Summers may have voiced some doubts about women’s ability to excel in engineering and science, President Barack Obama and Treasury Secretary Jacob J. Lew clearly believe women are good at managing money. Big money. Like – the finances...

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Sheets of one hundred dollar at the Bureau of Engraving and Printing in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Sheets of one hundred dollar at the Bureau of Engraving and Printing in Washington, D.C.

Bloomberg by the Numbers: $116.5 Billion

That’s how much federal receipts exceeded outlays last month, the biggest monthly surplus since April 2008. The government took in $286.6 billion and spent $170.1 billion in June, according to a Treasury Department report yesterday. Outlays fell 47 percent from...

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Shoppers in San Francisco.

Photograph by David Paul Morris/Bloomberg

Shoppers in San Francisco.

Cheaper Gas, Tax Refunds: Consumer-Spending Pocket-Power

Even as snowfall whitens horizons across the U.S. today, the economic skies are brightening for many American households. Two key hurdles consumers faced last month have dissipated: gasoline prices are on the retreat, and delayed cash returns from the Internal...

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Rep. Paul Ryan, left, and Rep. Pete Sessions, right, arrives for a House Republican Conference meeting.

Photograph by Bill Clark/CQ-Roll Call/Getty Images

Rep. Paul Ryan, left, and Rep. Pete Sessions, right, arrives for a House Republican Conference meeting.

Ryan: Republicans Eye Short-Term Debt-Ceiling Increase at Retreat

The House’s Republicans, assembled at a retreat outside Williamsburg, Virginia, are discussing the “virtues” of passing a short-term increase in the federal debt limit. So says Rep. Paul Ryan, the House Budget Committee chairman from Wisconsin. “We are discussing the...

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