Tag Archive | "Treasury"

Treasury Secretary Confirms Support For Detroit Blight Fight

Treasury Secretary Confirms Support For Detroit Blight Fight DETROIT (AP) – The toppling of vacant houses in Detroit's Marygrove neighborhood this week marked the city's initial use of $ 52 million in federal Hardest Hit Fund money to eradicate blight and elicited praise Friday from U.S. Treasury Secretary Jacob Lew. Full News here – Read […]

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U.S. Treasury Secretary visits Detroit, likes how federal funds being spent

“What we saw was real evidence that this partnership is working.” Full News here – Detroit News

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Treasury secretary to visit Detroit on jobs push

Associated Press – U.S. Treasury Secretary Jacob Lew plans to visit Detroit this week to explore ways to promote job creation and economic growth. Full News here – Crain’s Detroit Business – Latest Detroit News

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Watchdog: Treasury to lose $9.7B on bailout of GM

A watchdog says the U.S. government expects to lose $ 9.7 billion on its bailout of General Motors. Full News here – Detroit Business News

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State treasury examining Pontiac schools finance report

The Michigan Department of Treasury is analyzing a final report on whether a financial review team should be sent to the Pontiac School District to determine whether the district is in a financial emergency. Full News here – Schools RSS from The Detroit News

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Treasury files sales plan for remaining GM stock

The U.S. Department of Treasury Friday moved closer to completely exiting General Motors Co. The Treasury, which plans to sell its last 300.1 million share of GM by March 2014, announced officials have filed a written trading plan for remaining 19 percent stake in the Detroit-based automaker. Full News here – Detroit Business News

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Report: U.S. Treasury ups expected bailout losses to $25 billion

The government still owns 500 million shares of the automaker as part of the 2009 auto bailout, which forced both automakers into government-backed bankruptcies. Full News here – Detroit Business News

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U.S. Treasury funds to go in part toward bailing out predatory Detroit auto loans

The U.S. Treasury Department is giving two Detroit financing organizations about $ 2.4 million in grants, through its Community Development Financial Institutions Fund. Full News here – Detroit Business News

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Send Amazon a tax bill! Michigan Retailers Association make plea to state Treasury

A state treasury report estimates Michigan will lose out on $ 242 million in uncollected sales tax revenue from e-commerce sales in fiscal year 2013. Full News here – Detroit Business News

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