The Senate Finance Committee has scheduled a hearing next Wednesday on the nomination of Timothy Geithner, President-elect Barack Obama’s pick for Treasury chief.

The Treasury Department says the federal government already has run up a record deficit of $485.2 billion in just the first three months of the current budget year.

President Bush said Monday that there could be more decisions like the government’s dramatic rescue of Citigroup if other institutions need help.  Hear his statement.

We’ve known since Friday that Obama plans to name New York Fed chief Timothy Geithner his new treasury secretary.

President-elect Barack Obama’s Cabinet is taking shape as the Democrat moves quickly to select officials for his administration.

Wall Street is ending a volatile week with an unexpected jolt of confidence.

It was the first time Treasury Secretary Henry Paulson faced lawmakers in public since he announced he would not be using the bailout money to buy bad debt as he’d promised.

Treasury Secretary Henry Paulson told Congress Tuesday that the administration remains firmly opposed to dipping into the government’s $700 billion financial bailout fund to provide the
Big Three automakers the $25 billion rescue they are seeking.

Former Treasury Secretary Larry Summers, who could get the same job under Obama, says the current economic crisis calls for a package big enough to resonate for a period of two to three years.

The government says 3,800 banks will have until early December to apply for a share of the $700 billion financial system rescue program.

Asian stock markets tumbled Thursday amid more signs of a sharp downturn in the U.S. economy.

Treasury Secretary Henry Paulson said Wednesday that the $700 billion government rescue program will not be used to purchase troubled assets as originally planned.

Treasury Secretary Henry Paulson may answer some of his critics when he gives an update this morning on the $700 billion financial bailout program.

A new tax policy from the Treasury Department will let companies that take over banks hit by the mortgage crisis to write off more of the losses.

The action was announced jointly by the Federal Reserve and the Treasury Department. All told the moves boost aid to the company to around $150 billion.