Treasury

Nearly 70 top executives at three companies bailed out by the taxpayers during the 2008 financial crisis -- AIG, Ally Financial and GM -- were ordered to take pay 10% cuts by the federal government, and the CEOs had their pay frozen at 2011 levels.

Watching any of the major indexes is like riding on a roller coaster. One day you're up, another day, you're down. It doesn't help that while companies are announcing record profits, the Federal Reserve expects unemployment to remain close to 9% throughout 2011. Martin D. Weiss, author of The...

U.S. bond prices fell Wednesday on violence in Libya. An auction of $35 billion in five-year notes met with little demand, while 10-year Treasury prices fell 22 cents per $100 invested. Stocks also declined as a result of the Libyan instability.

The climbing yield on the 10-year Treasury note -- now 3.70%, a nine-month high -- can mean bad things for economic growth and stock prices. But not yet, if market guru Jeffrey Kleintop is right. He says the 10-year Treasury needs to be higher than 5% before it hurts stocks.

The Treasury Department is launching a pilot program to deliver tax refunds via prepaid debit cards rather than checks. The plan aims to cut down on the administrative costs associated with checks and to help lower-income taxpayers without bank accounts, The Wall Street Journal said. The...

General Motors has repurchased $2.1 billion in preferred stock from the federal government, further reducing the amount the automaker owes taxpayers following last year's bailout. The latest transaction cuts the government's stake in the rebounding carmaker to 33% from 61.5%.

Insurance giant American International Group on Wednesday signed an agreement with the government that details its plan to repay its government loans. Meanwhile, The Wall Street Journal reports that the government plans to sell much of AIG's stock in the next few months.