treasury

Treasury Cuts Stake in GM to 7.3%

Treasury has sold another block of shares in General Motors, reducing its stake to 7.3 percent as it moves toward exiting its holdings in the automaker by the end of March.

Obama: Decision by Fall on Next Fed Chief

Obama says he's still considering a range of candidates to be the next chairman of the Federal Reserve and whoever he chooses will need to focus on reducing unemployment.

Rate on 30-Year Mortgage Falls to 4.37%

Average rates on U.S. fixed mortgages declined this week as concern waned in the financial markets over the Federal Reserve's possible slowing of its bond purchases this year.