Word: departmentation
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The details of the government's role in keeping the lights on at what was once the nation's largest bank will again be on display on Thursday. For the first time, Citi's CEO will testify before the Congressional Oversight Panel (COP), set up by Congress to monitor the...
In December, Citi and the feds struck a deal to get the bank out from under the government's most stringent pay rules. Citi paid back $20 billion of the money the government lent the bank, and the Treasury Department agreed to declassify Citi as one of the firms deemed...
Under the Emergency Economic Stabilization Act (EESA), which was passed by Congress in October 2008 and which set up the $700 billion bank-bailout fund, the Treasury Department has the ability to officially deem which firms are receiving exceptional assistance from the government. At issue is executive pay. EESA requires...
Two famous examples—those of the “Lackawanna Six” and the “Portland Seven”—provide tangible evidence of the Patriot Act’s effectiveness. The act enabled the nation’s intelligence and criminal investigation...
Smith said that “core principles” for spending—a term used in a budgeting letter sent out to department and center administrators clarifying the new policy—would be determined in conjunction with center administrators.