China sells the US Treasuries to smooth the consequences of the devaluation shock of August 11. The treasury of the country adopted selling the US Treasuries securities directly, as well as through agents in Belgium and Switzerland. The Chinese government also decided to reduce investments into the US Treasuries. The US Secretary of the Treasury Jacob Lew has previously talked with the Vice Premier... 

The US government ended up losing $10.5 billion on the General Motors bailout. Taxpayers lost a whopping $10.5 billion on the federal government bailout of General Motors – but officials insisted another course of action would have been even worse. After selling its remaining shares of the Detroit-based automaker Monday, the US Department of the Treasury said it had recouped $39 billion of the... 

With the US debt ballooning to a new record of $16.7tln and the deadline to fix the ‘debt ceiling’ expiring on October 1, a default threat looms over the world’s largest economy. Experts agree the government will broaden its borrowing limit. The latest warning to Congress comes from the International Monetary Fund, who urged the US Congress to reach an agreement to raise its debt ceiling and...