Treasury

WASHINGTON — A clean energy program created under the auspices of the Inflation Reduction Act has proven to be incredibly popular with the low-income communities it was designed to serve, according to the federal departments administering it. All told, the... Read More

WASHINGTON — The Federal Deposit Insurance Corporation announced Thursday the nation's banks will be required to replenish the backup funds depleted by two recent big bank failures. The FDIC made the announcement on the same day the Government Accountability Office... Read More

WASHINGTON — The Treasury Department on Friday released its long-awaited proposed guidance on which “clean” energy vehicles will be eligible for up to $7,500 in consumer tax credits. The Notice of Proposed Rulemaking from the department and the Internal Revenue... Read More

WASHINGTON — The Treasury Department on Thursday sanctioned four individuals engaged in Russian government-directed activities to destabilize Ukraine. The four individuals are Taras Kozak and Oleh Voloshyn, two current members of the Ukraine Parliament, and Volodymyr Oliynyk and Vladimir Sivkovich,... Read More

WASHINGTON (AP) — President Joe Biden will nominate three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first... Read More

WASHINGTON — President Joe Biden has signed a bill raising the debt ceiling by $2.5 trillion, setting aside with the stroke of his pen the daunting prospect that the nation  would default on its debts. The White House announced the... Read More

WASHINGTON – The Treasury Department is seeking public comment on ways to reduce money laundering and other corruption in the real estate market, part of a larger effort by the Biden administration to curb illicit financial activity as the economy... Read More

WASHINGTON -- The Committee on Banking, Housing, and Urban Affairs met this week to discuss the CARES Act and supporting an equitable pandemic recovery through vaccination efforts, supporting small businesses, and longer term needs like broadband infrastructure investments.  The members... Read More

WASHINGTON — Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency's General Fund,... Read More

Tobias Read chuckled. The Oregon state treasurer wasn't long into a conversation when his caller asked why it is that his colleagues in government speak so highly of him. After a self-effacing pause, Read said he's just been lucky. "I... Read More

The federal government posted its biggest monthly budget deficit ever in February as a sharp decline in corporate revenue coincided with increased spending, the Treasury Department announced Friday. The budget gap widened to $234 billion in February, compared with a... Read More