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Chimerica

Chimerica  n.—Gloss: The symbiotic Chinese-American financial relationship, in which there is a great trade imbalance as Americans save little and buy lots, and there is a great investment in American Treasury bills and the dollar by the...

midnight drop

midnight drop  n.— «According to the Dow Jones report, the US Treasury is trying to push the regulations through after months of difficult drafting in the hope of finalising the issue before the Bush administration leaves office at the end...

TBTF

TBTF  n.— «We’re talking about a pair of institutions that hold or guarantee more than half of the nation’s mortgages. In other words, they’re TBTF (too big to fail) and it’s a sure bet that we won’t let them go under. Treasury Secretary...

wearaway

wearaway  n.— «There has been a constant battle over freezing some older workers pension benefits since IBM ran afoul of its senior workers in 1999. That fight may be over as the U.S. Treasury has now issued a ruling that determined that...

Tingle table

Tingle table  n.— «The Tingle Table, designed by an IRS employee in 1961, is used at Service Centers to sort paper tax returns.» —by Department of The Treasury Internal Revenue Service Annual Report Fiscal Year...

jamming

jamming  n.— «The practice known as “slamming the wire” or “jamming” is not illegal but can upset the efficiency of the $600 billion-a-day U.S. government debt market, according to a report in the Financial Times on...