Paulson welcomes banks' steps on subprime debt
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ORLANDO, Florida  - U.S. Treasury Secretary Henry Paulson said on Monday that moves by some banks, including Citigroup , to bring off-balance sheet investments tied to subprime mortgages back onto their books would help ward off a widespread credit crunch.
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WASHINGTON -- Treasury Secretary Henry Paulson told Congress on Wednesday that the federal government will hit the current debt ceiling on Oct. 1.
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U.S. banking regulators on Tuesday urged mortgage servicers to be proactive and contact borrowers at risk of default to help them avoid foreclosure and keep their homes.
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Turbulence in the financial markets will take some time to be resolved, said Secretary of the Treasury Henry M. Paulson Jr. on Wednesday.
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Henry M. Paulson took over Monday as the nation&#039;s 74th Treasury secretary, pledging to make sure the country does not retreat from the global economy.
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U.S. Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a mortgage relief plan, said it was not a bailout for people who made bad decisions.
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U.S. Treasury Secretary Henry Paulson said Tuesday that the global economy is as strong as he's ever seen and that reforms in China would help lessen the kind of market volatility that has recently rocked international stock markets.
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WASHINGTON -- Treasury Secretary Henry Paulson said Wednesday that the turbulence that has hit financial markets will take some time to be resolved, especially in the area of subprime mortgages.
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The Fed unveils guidance for lenders that asks them to work with borrowers to avoid defaults.
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Treasury Secretary Henry Paulson on  Wednesday stood by his view that the U.S. economy will avoid  recession this year and said the Treasury will act quickly to  distribute tax rebate payments.
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ORLANDO, Dec. 17 -- Treasury Secretary Henry M. Paulson Jr. chose this hotbed of the mortgage crisis to begin a three-city tour defending the administration's plan to prevent hundreds of thousands of homeowners from going into foreclosure.
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Bank regulators issued new standards for subprime mortgage lending on Friday that includes several new consumer protections.
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The United States is experiencing a "significant" housing market downturn but the economy is fundamentally sound and should avoid recession, Treasury Secretary Henry Paulson will tell Congress on Thursday.
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Treasury Secretary Henry Paulson on Sunday tried to reassure investors the US economy is robust, despite last week's unsettling stock market plunge.
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The U.S. economy is in good shape,  with growth moderating to a more sustainable pace from the  rapid expansion in the early part of the year, U.S. Treasury  Secretary Henry Paulson said on Friday.
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U.S. Treasury Secretary Henry  Paulson said on Monday that moves by some banks, including  Citigroup , to bring off-balance sheet investments tied to  subprime mortgages back onto their books would help ward off a  widespread credit crunch.
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Treasury Secretary Henry Paulson said on Wednesday a recovery in the subprime mortgage market will be slowed by a wave of interest rate resets and urged lenders to help troubled borrowers.