Bank of America announced Wednesday that it will pay back the $45 billion it received from the Troubled Assets Relief Program, or TARP. The U.S. dollar and euro both rose in response to the positive news from America's largest bank.
Federal government coffers have shown deficits for 17 straight months, but this one was a whopper. The U.S. budget deficit hit $220.9 billion in February, a one-month record, the Treasury Department...
Last week President Obama released his proposed $52.8 billion 2011 budget for the U.S. Department of State. Included with the billions for programs in Afghanistan, Pakistan, and Iraq is a relatively...
A major financial services firm has revised its rating outlooks of Citigroup and Bank of America from "stable" to "negative," saying it's unclear the government will bail out the companies again in...




