That’s the U.S. debt ceiling as of Monday, according to the Treasury Department. It’s the first number the Treasury has released since President Barack Obama signed a suspension of the limit in early February, Bloomberg’s Ian Katz and Kasia Klimasinska report....
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Photograph by Justin Lane/EPA/Corbis
The National Debt Clock and an estimate of the Untied States' national debt, as well as an estimate of each family's share of that amount, on Dec. 31, 2012, in New York City.
Bloomberg by the Numbers: $16.699 Trillion
Photograph by Scott Eells/Bloomberg
Traders work on the floor of the New York Stock Exchange (NYSE) as Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks on television in New York.
Shrinking Deficit Likely to Help Fed Reduce Bond Buys
When the Federal Reserve announced it would purchase $45 billion a month of Treasury bonds to support the economy, it probably anticipated there’d be plenty to buy. After all, the Fed made its December announcement just a few months after...
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Photograph by STR/AFP via Getty Images
A vehicle and the surround buildings burn after they were set on fire inside the U.S. consulate compound in Benghazi late on September 11, 2012.
Charge of the Obama Brigade: IRS, Benghazi, Reporters
President Barack Obama, addressing a live television audience from the White House, said the commissioner in charge of the IRS has been removed following the agency’s targeted scrutiny of conservative groups. “The misconduct uncovered is inexcuseable,” Obama said in a...
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Photograph by Simon Dawson/Bloomberg
Jacob "Jack" Lew, U.S. treasury secretary, arrives to attend the Group of Seven (G-7) finance ministers and central bank governors meeting at Hartwell House in Aylesbury, U.K., on May 10, 2013.
Lew Urges G-7 to Focus on Growth
U.S. Treasury Secretary Jacob J. Lew took his plea for stronger global economic growth to a British country house hotel where Louis XVIII, the exiled king of France, stayed for five years. Lew is urging Group of Seven finance ministers...
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Photograph by Andrew Harrer/Bloomberg
The U.S. Department of the Treasury building in Washington, D.C.
Bloomberg by the Numbers: $35 Bln
That’s how much government debt the Treasury Department projects it will pay down in this year’s second quarter. That would mark the first net decline in debt since 2007, before the deepest recession since the Great Depression took hold. The...
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Photograph by Chip Somodevilla/Getty Images
JP Morgan Chase CEO Jamie Dimon, left, and Goldman Sachs CEO Lloyd Blankfein leave the White House after they and 13 other bank heads met with President Barack Obama on March 27, 2009 in Washington, DC.
Washington Daybook: Banks, Budgets and Guns
President Barack Obama will meet with the heads of the world’s biggest banks, including Goldman Sachs Group Inc.’s Lloyd C. Blankfein and JPMorgan Chase & Co.’s Jamie Dimon, seeking to strengthen ties that have been strained by new U.S. curbs...
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Photograph by Drew Angerer/Getty Images
Attorney General Eric Holder in Washington, DC.
Holder Willing to Hold Pay, if Needed
Attorney General Eric Holder looks like he’s ready to follow President Barack Obama’s lead on sequestration. Holder, in an interview today on the Tom Joyner Morning Show, said the president did the right thing when he announced yesterday that he...
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Photograph by Scott Eells/Bloomberg
Timothy Geithner and his wife Carole Sonnenfeld Geithner, attend the U.S. presidential inauguration in Washington on Jan. 21, 2013.
Geithner’s Profit: Asking for $45,000 — Update: Contract
Updated March 22 at 1:30 pm: It takes a Treasury secretary to turn a good investment. Former Treasury Secretary Tim Geithner is looking for a modest return on his Bethesda, Maryland, home. Geithner and his wife Carole bought the 2,537...
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Photograph by Andrew Harrer/Bloomberg
People walk through the Internal Revenue Service (IRS) building in Washington.
Federal Worker Tax-Delinquency Up — Federal Reserve Above Average
There are some 311,566 federal workers and retirees delinquent in their federal taxes. They owe the government $3.5 billion, according to the Internal Revenue Service. That was as of 2011. The number of delinquents was up by 11.5 percent. Still,...
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Photograph by Andrew Harrer/Bloomberg
Geithner Takes Financial Crisis on Campus Tour as Lew Takes Treasury
As Jack Lew prepares to take over the Treasury Department, Tim Geithner is moving ahead with post-government plans. Geithner, who left the Treasury in January, will hold a series of seminars on the 2008 financial crisis at U.S. universities starting...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
