Treasury Department, Congress | featured news

Tim Geithner may soon leave the Treasury Department, but he is helping lead the "fiscal cliff" negotiations.

Representative Maxine Waters, Democrat of California, did not violate House ethics rules when she contacted the Treasury Department in 2008 about a bank matter, a special investigator announced on Friday.

Republicans would accept a “mini” deal with the Obama administration on raising the debt limit, Senator John Cornyn of Texas, a Republican leader, said. Cornyn said today on “Fox News Sunday” that while Republicans would prefer a long-term settlement, they would accept a shorter-term agreement if that’s all they could get done. The U.S. Treasury Department has projected that on Aug. 2 the U.S. will no longer be able to meet obligations if the legal debt ceiling isn’t raised.

The House ethics committee Monday unveiled a three-count charge against Rep. Maxine Waters (D-Calif.) alleging she broke congressional conflict-of-interest rules when she helped arrange a meeting of bank officials and Treasury Department ...