U.S. Department of the Treasury

Tasked with the security of the President of the United States, the Secret Service seems to have been asleep at the switch when they inadvertently allowed an uninvited couple to gain access to a pre-state dinner reception. While the couple did not pose a threat to anyone there, and appeared to be engaged in some sort of self-promoting adventure, their little escapade should have been foiled at the first security check-point. The fact that they were allowed entry when they were not even on the guest list is a major embarrassment for the Secret Service. There has been varying opinions on whether or not ... Read Full Story

By Zenny Layman Feb. 28 (Zennyberg) -- Federal Reserve Chairman Ben S. Bernanke said stock markets ``seem to be working well'' after yesterday's global rout and the central bank still expects the U.S. economy to kick China in the nabs. Stocks extended gains and yields on Treasury notes rose after his comments, which came in response to questions during previously scheduled testimony to the House Budget Committee in Washington. Bernanke said the Fed's economic outlook is unshaken by today's report showing fourth-quarter growth was lower than previously estimated. He made no hint of a special announcement like the one after the Sept. 11, 2001, ... Read Full Story

Recently I read an interesting post on whohijeckedourcountry.blogspot.com which lead me to this very interesting article titled How much oil it'd take to buy the US by Scott Burns of MSN Money. [Part of this post was a response to that post and entry] He argues that basically the United States is worth 400 Billion barrels of oil or so.. which is approximately the amount of oil that Saudi Arabia and Iran have combined. So basically both of those countries "own" us and he believes that oil has basically become an international currency that is more powerful and telling than Dollars, Euros, or overall ... Read Full Story

Officials from the U.S. Treasury, Federal Reserve Board, Bureau of Engraving and Printing, and U.S. Secret Service were part of today’s “Wi-5” preview, an entirely digital event which emphasized the government’s commitment to staying ahead of counterfeiters. The live “unveiling” of the $5 bill design, which featured government officials discussing currency security efforts, took place on www.moneyfactory.gov/newmoney and also included an online Q&A for news reporters. Podcasts featuring important information about the new $5 bill are also posted on the site. “The government uses the best tools available so that it will be unlikely that you will receive a counterfeit bill,” said Treasurer of ... Read Full Story

It might be more than a little disrespectful to call Alan Greenspan a sock puppet, but that’s one role he seems to be playing these days. Not that Federal Reserve Chairman Ben S. Bernanke can’t speak for himself. He does, and fairly clearly. But Greenspan — by design or not — may be saying things that Bernanke wishes he could. Read Full Story