The Treasury secretary, Timothy F. Geithner, was returning to the Treasury about 2 p.m. from the Capitol when he saw on his BlackBerry that the market was down 3 percent.
It costs Treasury about $1.3 billion a year.
Should the referendum pass, finance experts say, it would cost the Oregon treasury about $1 billion a year, requiring huge cuts in state programs.
Committee members were told that the measure, to be phased in over five years, would cost the treasury about $12 million in its first year.
"We earned the treasury about $200,000 last year," Bazarragchaa Altan-Od, head of the Maritime Administration, said, slightly tense for his first interview with the world press.
At the city's sales tax rate, that will add at most $16,500 to the city treasury, about a quarter of what Mike Piazza earns for one game.
Those tax benefits, however, cost the federal treasury about $1 trillion a year and generally result in higher income tax rates for everyone else.
They believe that would save the Treasury about $4tr.
Yet we hear nothing from the Treasury about this cost".
The deal raised £757m ($1.2 billion) for the Treasury, about twice what had been expected.
Greater Manchester is negotiating with the Treasury about getting money to help reform local services.
