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Tag Archives: Treasury

House votes to revive pay-as-you-go budget rules

The House voted 233 to 187 to approve the rules, known in congressional shorthand as paygo. The rules were adopted last month by the Senate and now go to President Obama for his signature. The return to paygo comes as record deficits push the government more deeply into debt than at any time since the [...]

Watchdog: Treasury, Fed Failed in AIG Oversight

[youtube]http://www.youtube.com/watch?v=dTJtPtgAEUw[/youtube] Neil Barofsky, the special inspector general for TARP says that Treasury Secretary Timothy Geithner is “ultimately responsible” for regulators failing to rein in massive bonus payments at AIG. (Oct. 14)