NATIONAL
January 15, 2009 | Kathy Kristof, Kathy Kristof is a personal-finance author and syndicated columnist.
The numerous errors on Timothy F. Geithner's income tax returns had tax accountants debating Wednesday whether the missteps were innocent, cheating or simply the result of the overly complicated tax code. Geithner's political fate -- he is President-elect Barack Obama's choice as Treasury secretary, putting him in charge of the IRS -- lies in balance. But it's not an easy call. Tax experts said that the issues that tripped up Geithner were complex enough to befuddle many taxpayers.
NEWS
June 5, 1995 | H. G. REZA, TIMES STAFF WRITER
The Treasury Department has quietly reopened an internal investigation to determine whether U.S. Customs Service officials were pressured five years ago into prematurely ending an undercover operation to break up a plot to sell $70 million in arms abandoned in Vietnam, officials said. Sources in Washington said the new probe was launched because officials believe an inquiry in 1993 into the abrupt end of the weapons investigation, code-named Operation Leatherneck, was not complete.
NATIONAL
June 23, 2006 | Josh Meyer and Greg Miller, Times Staff Writers
The U.S. government, without the knowledge of many banks and their customers, has engaged for years in a secret effort to track terrorist financing by accessing a vast database of confidential information on transfers of money between banks worldwide. The program, run by the Treasury Department, is considered a potent weapon in the war on terrorism because of its ability to clandestinely monitor financial transactions and map terrorist webs.
BUSINESS
November 17, 2001 | Bloomberg News
The U.S. Treasury will rename its Series EE savings bonds sold through banks and over the Internet as Patriot Bonds to help raise money for the war on terrorism. The program will start in mid-December. "The funds raised by the bonds, while not earmarked for a specific purpose, will contribute to the federal government's overall effort to fight the war on global terrorism," the Treasury said in a news release. The bonds will be inscribed with the legend "Patriot Bond."
NATIONAL
January 15, 2009 | Janet Hook and Christi Parsons
Though he was a prodigy in the world of economics, Timothy F. Geithner underwent an IRS audit in 2006 and ended up paying back taxes for a mistake in two years' worth of filings. That was embarrassing enough. But just as he was about to be named to head the Treasury Department, a more awkward fact came to light: Geithner had made the same error in two earlier tax years and failed to fix it even after the audit.
NATIONAL
February 15, 2007 | Adam Schreck, Times Staff Writer
OK, so Susan B. Anthony and Sacagawea didn't get the job done. Now the U.S. Mint is rolling out the big guns: George Washington, John Adams and Thomas Jefferson. But even the founding fathers may not be able to handle this challenge. In 1979, unhappy over the speed with which $1 bills wore out and the cost of replacing them, the Treasury Department issued a dollar coin featuring Anthony, the women's rights crusader. But the public wasn't buying -- or, rather, using.