The financial world was fixated on Capitol Hill as Congress battled over the Bush administration's request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention.
But corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion.
A Quiet Windfall For U.S. Banks
Federal requirements to buy American-made products may be forcing some U.S. transit systems to spend more...
The Congressional Budget Office cast doubt Thursday on the White House’s claim that President Trump’s proposed...
Between 250 and 650 retail stores including Ann Taylor, Dress Barn, Loft and Lane Bryant are...
