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The Treasury spent the summer consulting on a levy that would consist of a charge of 0.04% of a bank's total balance sheet in the first year rising to 0.07% to recoup the targeted £2.5bn by 2013-14.
The Treasury spent the summer consulting on a levy that would consist of a charge of 0.04% of a bank's total balance sheet in the first year – generating £1.1bn – rising to 0.07% in 2012-13 to raise £2.3bn and up to £2.5bn in 2013-14.
The Treasury spent $3.88 million to run the program through December, though the projected obligations for January jump to $26.5 billion.
The Treasury spent about $500 billion, most of it in purchases of industry financial instruments.
Mnuchin, President-elect Donald Trump's nominee for secretary of the Treasury, spent 17 years working at Goldman Sachs ― where, like his father before him, he became a partner.
With his $70 million campaign treasury spent, Gov. George W. Bush has started trying to raise a fast $10 million to finance a preconvention campaign against Vice President Al Gore.
Similar(53)
Continental Resources spent just $20.
Last year Microsoft spent $9 billion on R&D.
The US spent more than $1trn.
The US spent $1.3bn.
Duke spent the most ($16 million); Southern spent the least ($535,000).
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