Home » Tag Archives: Treasury

Tag Archives: Treasury

Sales tax collections rose on Coast in July

MISSISSIPPI GULF COAST — July sales were up in most cities across South Mississippi and topped $1 million for the third straight month in Biloxi. The Sun Herald reports Mayor A.J. Holloway attributed the increases to the opening of the new Walmart Supercenter, Margaritaville Casino and Sharkheads souvenir shop since spring. The August report released by the Mississippi Department of ...

Read More »

Hood presents check for $35M to state lawmakers

JACKSON — Attorney General Jim Hood has delivered a check to lawmakers for over $35 million in monies recovered by his office. As part of the Average Wholesale Price (AWP) litigation, the $35 million returned to the state includes more than $12 million from a settlement with Barr Laboratories Inc., IVAX Pharmaceuticals Inc., Sicor Pharmaceuticals Inc. and Teva Pharmaceuticals USA ...

Read More »

Fed plan for short-term fix brings long-term risks

WASHINGTON – Federal Reserve Chairman Ben Bernanke is balancing a short-term fix for the economy with a long-term gamble: His plan to buy Treasury bonds to fight high unemployment and super-low inflation now could ignite inflation later. But Bernanke is signaling that doing nothing would pose the biggest risk of all. The Fed chief on Friday made his strongest case ...

Read More »

Treasury yields sink to new lows; Eyes on the Fed

NEW YORK (AP) – Any doubt that the Federal Reserve will launch a new effort to stimulate the economy seemed to evaporate Wednesday as Treasury rates plummeted to record lows. The Fed has kept short-term interest rates near zero since 2008. In recent weeks, traders have started speculating that the central bank would take aim at long-term interest rates by ...

Read More »

Treasury unloading Citigroup shares

WASHINGTON — The Treasury Department says it will begin selling the stake it owns in Citigroup. The government received 7.7 billion shares of Citigroup Inc. in exchange for $25 billion it gave the bank during the 2008 credit crisis. It says today it will sell the shares over the course of this year, depending on market conditions. Citi was one ...

Read More »