2.5 billion dollars in misappropriated funds returns to national treasury
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Some 21 billion yuan (2.5 billion dollars) has been returned to the national treasury after China's top audit body found rampant corruption in Communist Party and government departments.
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Interest rates on short-term Treasury securities were mixed in yesterday's auction. The Treasury Department sold $19 billion in three-month bills at a discount rate of 2.210 percent, up from 2.195 percent last week. An additional $17 billion was sold in six-month bills at a rate of 2.380 percent, down from 2.395 percent.
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For either good or bad, these funds stand out from the rest of the pack.
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The troubled student loan giant, said it would raise $2.5 billion by selling stock and use the money to pay off a disastrous bet on its commons stock price.
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North Korea took possession yesterday of about $25 million in funds previously frozen by a Treasury Department investigation, potentially clearing the way for Pyongyang to fulfill its commitment to shut down an aging nuclear reactor.
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Mutual-fund adviser Bridgeway Capital Management Inc. and its president, James Montgomery, have agreed to pay almost $5.2 million to settle Securities and Exchange Commission charges of illegally overcharging
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China said today more than $900 million was misappropriated from the nationÂs $37 billion social security fund in the latest massive government fraud to be uncovered.
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Nearly $2.2 billion awaits taxpayers who neglected to file income tax returns for 2003, but that windfall will be lost if they don't act by tax day, April 17.
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AUGUSTA - The taxman is looking for 240 Maine residents, and he wants to give them money. The Internal Revenue Service says the refund checks it mailed to the residents came back undelivered and unopened, with more than $182,000 unclaimed.
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Interest rates on short-term Treasury securities were mixed in yesterday's auction. The Treasury Department sold $19 billion in three-month bills at a discount rate of 2.28 percent, up from 2.23 percent last week. An additional $17 billion was sold in six-month bills at a rate of 2.560 percent, unchanged from last week's auction.
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Individual taxpayers will be able to claim a refund of up to $60 on their 2006 federal returns as the government attempts to give back $8 billion in long-distance telephone taxes that courts have ruled should not have been collected.
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Delta obtains a commitment of $2.5bn in bankruptcy exit financing from a number of major institutions.
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The federal government agreed to pay $2 million to a man wrongly jailed in connection with the 2004 terrorist bombings in Madrid, and it issued a formal apology.
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Organized crime may have brought in more than $2 trillion in revenue last year, about twice all the military budgets in the world combined
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OPPOSITION Leader Mark Latham said today Labor would aim to keep the Budget surplus at its current level of about $2.5 billion. But Mr Latham said the situation would not be clear until the release of figures by the Government on Friday.
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The Internal Revenue Service is looking for 2,955 New Jersey taxpayers whose refund checks totaling nearly $2.6 million were returned to the government this year by the Postal Service as undeliverable.
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OTTAWA (CP) - Embattled Immigration Minister Judy Sgro says a questionable &#36;5,000 donation to her election campaign was the result of a clerical error.