NEWS
By John Fairhall and John Fairhall,Evening Sun Staff | December 10, 1991
WASHINGTON -- The "Conscience Fund" began in 1811, when James Madison's administration received $5 from someone who said he had defrauded the government.Guilt money has been dribbling into the U.S. Treasury ever since -- more than $6.5 million in all.Most donors, including the first, have been anonymous. But they often include letters that admit to some offense -- however small -- against the government."Please accept this money for two postal stamps I re-used," wrote one person.Another individual felt obliged to pay a penalty: "About eight years ago I took from a railroad station an item worth about $25 and this has been on my conscience since, so I'm enclosing $50 to clear my conscience."
NEWS
By DALLAS MORNING NEWS | January 1, 1999
WASHINGTON -- Jan. 2, 1999, was a worrisome date for 32 million Americans: the day the government was to have eliminated paper checks for federal benefit recipients.Not to worry. The check is in the mail.The Federal Debt Collection Improvement Act, passed two years ago, set tomorrow as the day when all benefit payments were to be made through direct deposit.Stung by complaints, the Treasury Department changed direction."It's a date without real significance," said Don Hammond, the Treasury Department's fiscal assistant secretary.
BUSINESS
By Leslie Cauley | July 16, 1991
American Telephone & Telegraph Co. has won a $1.4 billion contract from the Treasury Department to provide computers, workstations and software to the Internal Revenue Service, AT&T said yesterday.The computer contract, one of the largest awarded by the federal government, calls for AT&T to provide 3,200 computers and 50,000 workstations based on the UNIX operating system.Though the contract is aimed at the IRS, other Treasury offices, such as the Customs Service, may also buy equipment under the contract, AT&T said.
NEWS
By Los Angeles Times | August 19, 1994
WASHINGTON -- Jean Hanson, the Treasury Department's general counsel, who was caught up in the Whitewater scandal, resigned yesterday, becoming the second senior Treasury official in two days to resign as a result of the controversy.Separately, Clinton administration sources said the long-stalled nomination of lawyer Ricki Tigert to be chairwoman of the Federal Deposit Insurance Corp. also seems to be in jeopardy as a result of the congressional furor over Whitewater.Ms. Tigert was first nominated to be one of the nation's top banking regulators by President Clinton in November 1993, and the Senate Banking, Housing and Urban Affairs Committee voted to confirm her in February.
NEWS
By NEW YORK TIMES NEWS SERVICE | April 18, 2003
WASHINGTON - As the focus in Iraq shifts from waging war to paying wages, the Bush administration plans to run Iraq on dollars until it fosters a replacement for today's nearly worthless Saddam dinars. American military officials are paying Iraqi civil servants in dollars, and they expect to continue doing so for at least the next several months. But a team of experts from the Treasury Department is commuting to Baghdad from Kuwait City, trying to determine the fastest and smoothest way for Iraqis to have a new currency and a central bank to control it. Yesterday, a senior administration official said discussions were under way with Peter McPherson, who was a deputy treasury secretary under President Ronald Reagan, to serve in Iraq as a coordinator on financial issues during reconstruction.
NEWS
By Jack W. Germond and Jules Witcover | July 12, 1999
WASHINGTON -- Texas Gov. George W. Bush's rivals for the 2000 Republican presidential nomination, already reeling from the disclosure that he has raised more than $36 million, face another money setback that can be attributed indirectly to his father, former President George Bush.The senior Bush's Treasury Department laid down a ruling in 1991 that will put an additional squeeze on all the other GOP hopefuls except self-financing multimillionaire Steve Forbes. It decided, whether by political calculation or otherwise, to adopt a payout schedule of the federal subsidy to candidates under the 1974 campaign finance law that will deny them much of the money for which they've qualified at precisely the time they will most need it.The law stipulates that the subsidy be paid starting Jan. 1 of the presidential election year on a dollar-for-dollar matching basis for funds raised in amounts of $250 or less during the previous year.