Dep. of Treasury

Mnuchin, Powell Say Congress Needs to Pass More COVID-19 Relief
Economy
Mnuchin, Powell Say Congress Needs to Pass More COVID-19 Relief

WASHINGTON — Treasury Secretary Steven Mnuchin, Federal Reserve Chairman Jerome Powell and representatives from both parties agreed on at least one point at a hearing Tuesday: The economy needs more relief from Congress to sustain the recovery from the coronavirus.... Read More

Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
Congress
Congress Demands Treasury Department Monitor Coronavirus Bailout Money Better
2020-09-01 21:40:47
by Tom Ramstack

WASHINGTON -- Members of Congress directed tough questions at the U.S. Treasury secretary Tuesday about fraud and abuse in the Trump administration’s coronavirus relief program. They said billions of dollars intended to protect jobs and family homes were being diverted... Read More

Postal Service, Treasury Reach Deal on $10 Billion Pandemic Relief Loan
In The News
Postal Service, Treasury Reach Deal on $10 Billion Pandemic Relief Loan
2020-07-30 14:12:52
by Dan McCue

WASHINGTON - Nearly four months after Congress approved a $10 billion loan for the struggling U.S. Postal Service as part of the CARES Act, the service and the Treasury Department have struck a deal on the terms of the loan.... Read More

Trump, Mnuchin Push Short-Term Aid Package
Economy
Trump, Mnuchin Push Short-Term Aid Package

WASHINGTON — With prospects dim for a broader $1 trillion-plus COVID-19 relief package by the end of the week, President Donald Trump and his top negotiators are talking about a narrow package focused on continuing expanded unemployment benefits and preventing... Read More

Feds Begin Prosecuting Fraudulent PPP Coronavirus Loans. Some Cases Will Be Hard to Win
Business
Feds Begin Prosecuting Fraudulent PPP Coronavirus Loans. Some Cases Will Be Hard to Win

WASHINGTON — One Los Angeles business owner allegedly went to Las Vegas and gambled away some of the $9 million he received in emergency government loans earmarked for his employees. A Texas man is accused of using his $1.5 million... Read More

Sherill, Gottheimer and King Move to Keep Treasury From Blocking Charitable Contributions
Congress
Sherill, Gottheimer and King Move to Keep Treasury From Blocking Charitable Contributions
2019-08-10 00:09:34
by Sean Trambley

Representatives Mikie Sherrill, D-N.J., Josh Gottheimer, D-N.J., and Peter King, R-N.Y., have introduced H.J. Res. 72 to overturn U.S. Treasury Department regulations that bar the deduction of charitable contributions from federal taxes.  The bipartisan action comes after the Treasury, in... Read More

Treasury Department Aims to Make it Easier to Buy Single-Serve Wine
Economy
Treasury Department Aims to Make it Easier to Buy Single-Serve Wine
2019-07-01 20:49:01
by Dan McCue

WASHINGTON - The Treasury Department, responding to an explosion in the sale of wine in cans and single-serve bottles, is seeking public comment of eliminating all but the minimum "stand of fill" for wine containers. In a Federal Register notice... Read More

Mnuchin Rejects House Democrats’ Demand for Trump’s Tax Returns
Dep. of Treasury
Mnuchin Rejects House Democrats’ Demand for Trump’s Tax Returns

WASHINGTON — Treasury Secretary Steven Mnuchin refused to release President Donald Trump’s personal and business tax returns, setting up what could become one of the biggest legal showdowns between the president and a Congress seeking to investigate him. The refusal... Read More

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