All Posts Tagged With: "Treasury Department"

Biggest Government Ever… ‘Stimulus’ Checks Take Their Toll

US Government spending is at record highs, fueled in part by the costs of President Bush’s so-called economic ’stimulus’ package.

Reuters reports that US Treasury spending and revenue reached fresh highs in April.

US government posted a $US159.3 billion surplus in April, helped by the mid-month deadline for individuals meeting 2007 tax obligations, but it was down from the prior year’s surplus, the Treasury Department reported on Monday.

Global Investing Roundups: Thursday, May 1st, 2008

52-Week T-Bill is Back; Sweet-Smelling Deal for FTD; First Family of Oil Calls for Environmental Focus; Garmin Losing Track; PepsiCo. Stocking up on Water; Bovespa Hits Record on S&P Rating; Kraft Profit Tumbles 13%; Kellogg Profit Sheds 2%.

U.S. Dollar Remains Soft

The Bear Stearns rescue and the Treasury department’s call for a new “blueprint”  have helped ignite a rally in financial stocks… but it seems nothing can kickstart the dollar.

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