The federal government's deficit for the first two months of the new budget year falls 21 percent from the same period a year ago in November.
Fannie Mae and Freddie Mac say they will pay U.S. taxpayers $6.8 billion after reporting a third-quarter profits that modestly rose from the second quarter.
AbbVie says stockholders should vote against its $55 billion takeover offer for Shire after tax changes reduced the financial advantages of the deal.
The government says the deficit for the just completed 2014 budget year was $483 billion, the lowest of President Barack Obama's six years in office.
The Treasury Department this week issued rules that limit tax inversions, but they fail to get into the broader tax reform that's needed.
Treasury excessively paid top executives at GM and Ally while those companies were part of a taxpayer-funded government loan program, a report finds.
The federal government ran a lower budget deficit this August than a year ago, remaining on track to record the lowest deficit for the full year since 2008.
U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses.
The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years.
The government's budget returned to deficit in May after a big April surplus, but the U.S. remains on track to have the smallest deficit since 2008 in 2014.
Mortgage finance firms Fannie Mae and Freddie Mac will send the U.S. Treasury dividends totaling $10.2 billion after posting quarterly profits.
Freddie Mac says it will soon send the U.S. Treasury a $10.4 billion dividend, putting taxpayers further into the black on their bailout of the mortgage giant.
House Speaker John Boehner let Congress vote on a measure to extend the nation's borrowing authority without any spending conditions -- an unequivocal victory for Obama.
House Speaker John Boehner says the House of Representatives will vote this week to increase in the government's borrowing cap without any add-ons demanded by Republicans.
Starbucks customers in Reno paid it forward last week, paying for purchases for the person next in line at a Reno, Nev., drive-thru 73 times.
Workers who take advantage of special tax-free accounts to pay out-of-pocket medical expenses could soon be allowed to carry over up to $500 from one year to the next.
The last-minute compromise struck by Washington on Wednesday should remove the near-term threat of a ratings downgrade -- for now.
The stock market surged in late morning trading as Washington closed in on a deal to avoid a default by the U.S. government.
Senate leaders reached agreement Wednesday to avert a threatened Treasury default and reopen the government after a partial, 16-day shutdown.