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Dollar stands tall after Bernanke comments; China PMI in focus

SYDNEY (Reuters) - The dollar hovered at a near three-year high against a basket of major currencies in Asia on Thursday, having risen broadly as Treasury yields jumped on the prospect that the Federal Reserve might scale back its stimulus program this year. Full story

Tax official at center of scandal won't testify: lawyer

WASHINGTON (Reuters) - Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressional committee on Wednesday. Full story

Factbox: Treasury acts to avoid hitting debt limit

(Reuters) - Treasury Secretary Jack Lew on Monday said the Obama administration was suspending investments in the Civil Service Retirement and Disability Fund, a government employee pension fund, to help the nation keep paying its bills now that a temporary suspension of the cap on the government's Full story

Lew taps government retiree pension fund

Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. Full story

Independent Scotland open to Cyprus-style bank risks, says Britain

LONDON (Reuters) - An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says. Full story

Who’s policing political money?

   MSNBC’s Steve Kornacki breaks down the IRS controversy. Demos.org’s Liz Kennedy, attorney Marc Elias, Forbes.com’s Karl Smith and ProPublica Kim Barker then join to discuss which congressional leaders and politicians were informed on the scandal before it broke.

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AP Impact: Myanmar sanctions list languishes

GM stock tops 2010 IPO price

New Zealand to sell stake in 2nd power company

Dollar eases on downbeat data, retreats from 4-1/2 year high versus yen

Greater currency flexibility needed to spur growth: Brainard

Foreign demand for long-term U.S. assets falls in March: Treasury

Analysis: For all the debt, there's a shortage of bonds

Dollar takes breather but stays close to 4-1/2-year high vs yen

Rising revenues to shrink deficit rapidly through 2015: CBO

Lloyds Chairman Bischoff stands down as government sale looms

Video

  Jack Lew's 'Gamble' on Japan

The Treasury's strategy seems to be that the U.S. economy is strong enough to withstand whatever negative impacts that may come from a stronger dollar against the yen, reports CNBC's Steve Liesman.

  What will happen if GOP holds debt ceiling as ransom?

The Treasury Department says the U.S. will hit the debt limit as early as mid-February. The delayed sequestered cuts from the 2011 debt limit deal will take effect on March 1 and government funding will run out on March 27. How will President Obama and the Republican House resolve this triple-threat

  Will inauguration be the fiscal deadline?

Top Talkers: The U.S. Treasury is taking steps to delay hitting the government's borrowing limit. The Morning Joe panel – including MSNBC.com's Richard Wolffe, the Huffington Post's Sam Stein, the Council on Foreign Relations’ Richard Haass and Fortune's Leigh Gallagher – discusses the latest in the

  Treasury: Government Will Hit Debt Ceiling Monday

The U.S. Treasury says the government will hit the debt ceiling on Monday, with CNBC's John Harwood.

  End of the auto rescue

The U.S. Treasury is selling off General Motors stock, launching the beginning of the end of the government's 5-year auto rescue.  Ed Schultz calculates the costs and the benefits with Pulitzer Prize-winning journalist David Cay Johnston.

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Related Photos

George, Miller and Shulman testify before Senate Finance Committee in Washington
George, Miller and Shulman testify before Senate Finance Committee in Washington

(L-R) J. Russell George, Treasury Inspector General for Tax Administration of the U.S. Treasury, Steven Miller, the acting director of the U.S. Internal Revenue Service, and Douglas Shulman, former commissioner of the Internal Revenue Service, testify before the Senate Finance Committee in Washingto

George Miller and Shulman are sworn in before Senate Finance Committee in Washington
George Miller and Shulman are sworn in before Senate Finance Committee in Washington

J. Russell George, Treasury Inspector General for Tax Administration of the U.S. Treasury, Steven Miller, the acting director of the U.S. Internal Revenue Service, and Douglas Shulman, former commissioner of the Internal Revenue Service, are sworn in before the Senate Finance Committee in Washington

J Russell George testifies before Senate Finance Committee in Washington
J Russell George testifies before Senate Finance Committee in Washington

J. Russell George, Treasury Inspector General for Tax Administration of the U.S. Treasury, testifies before the Senate Finance Committee in Washington May 21, 2013. A Senate panel will try on Tuesday to pry more details out of current and former officials of the Internal Revenue Service about the ag