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Treasury

2021-12-06 17:56:29
by Dan McCue
Treasury Dept to Step Up Scrutiny of Money Laundering in Real Estate Market

WASHINGTON – The Treasury Department is seeking public comment on ways to reduce money laundering and other corruption in 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

2021-10-19 20:58:31
by Tom Ramstack
Senate Wants Tougher Enforcement of Sanctions Against ‘Malign Actors’

WASHINGTON -- A Senate committee tried Tuesday to chart a better course through the minefield of monetary sanctions against U.S.... Read More

WASHINGTON -- A Senate committee tried Tuesday to chart a better course through the minefield of monetary sanctions against U.S. foreign adversaries. The Senate seeks to protect U.S. economic policies without trampling foreign entities that could be trading partners and... Read More

2021-10-05 20:08:11
by Reece Nations
Biden Administration Lays Out Consequences of Debt Default

WASHINGTON -- President Joe Biden detailed on Monday the ramifications of failing to raise the United States government’s debt limit... Read More

WASHINGTON -- President Joe Biden detailed on Monday the ramifications of failing to raise the United States government’s debt limit while condemning Republicans in Congress for their role in the procedural delay. Congress has until Oct. 18 to raise the... Read More

2021-09-29 21:50:39
by Alexa Hornbeck
Treasury and Federal Reserve Discuss Benefits of Child Tax Credit

WASHINGTON -- The Committee on Banking, Housing, and Urban Affairs met this week to discuss the CARES Act and supporting... 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

2021-09-08 18:16:10
by Dan McCue
Yellen Warns US May Hit Debt Limit in October

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the... Read More

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October. In a letter to congressional leaders on Wednesday, Yellen said that... Read More

2021-08-13 19:28:21
by Victoria Turner
US Treasury Slaps Sanctions on Two Cuban Officials and Military Unit

Cubans have taken to the streets since July demanding a democratic life, and violence against exerting their civil rights will... Read More

Cubans have taken to the streets since July demanding a democratic life, and violence against exerting their civil rights will not be tolerated under the U.S. Global Magnitsky Human Rights Accountability Act. Friday saw the third set of sanctions by... Read More

2021-06-21 20:49:29
by Dan McCue
Tax Increases Seen As Counterproductive to Growth, Job Creation

WASHINGTON - Of all the uncertainties growing from the prolonged negotiations over President Joe Biden’s American Families plan, the most... Read More

WASHINGTON - Of all the uncertainties growing from the prolonged negotiations over President Joe Biden’s American Families plan, the most potentially vexing for the American businesses and the economy are several proposed changes to the U.S. tax code. Though much... Read More

Navajo Nation Tops Cherokee to Become Largest Tribe in US

FLAGSTAFF, Ariz. (AP) — The Navajo Nation has by far the largest land mass of any Native American tribe in... Read More

FLAGSTAFF, Ariz. (AP) — The Navajo Nation has by far the largest land mass of any Native American tribe in the country. Now, it's boasting the largest enrolled population, too. Navajos clamored to enroll or fix their records as the... Read More

2021-05-11 12:45:14
by Reece Nations
Treasury Department to Allocate Additional $21.6 Billion for Rental Assistance

WASHINGTON — In coordination with the White House’s American Rescue Plan Implementation Team and the Department of Housing and Urban... Read More

WASHINGTON — In coordination with the White House’s American Rescue Plan Implementation Team and the Department of Housing and Urban Development, the Department of the Treasury announced Friday it would allot $21.6 billion in additional funds for emergency rental assistance. ... Read More

2021-04-16 18:41:25
by TWN Staff
New Guidance Issued on COVID Relief State and Local Governments

WASHINGTON - The Treasury Department has released updated guidance on its pre-award requirements for state and local governments to receive... Read More

WASHINGTON - The Treasury Department has released updated guidance on its pre-award requirements for state and local governments to receive direct coronavirus relief payments under the American Rescue Plan Act. It particular the guidance outlines the “immediate” steps municipalities need... Read More

2021-03-10 14:23:38
by Kate Michael
Yellen Encourages ‘The Age of Womenomics’

WASHINGTON —Treasury Secretary Janet Yellen grew up surrounded by hardships endured during the Great Depression. Her father’s medical practice was... Read More

WASHINGTON —Treasury Secretary Janet Yellen grew up surrounded by hardships endured during the Great Depression. Her father’s medical practice was located inside the family home, so she not only heard stories from the patients but also saw firsthand the result... Read More

2021-02-26 20:52:02
by Dan McCue
Treasury Dept. Sanctions Saudis Over Khashoggi Murder

WASHINGTON – The U.S. Treasury Department on Friday imposed sanctions on Saudi Arabia’s former deputy head of Intelligence and the... Read More

WASHINGTON – The U.S. Treasury Department on Friday imposed sanctions on Saudi Arabia’s former deputy head of Intelligence and the nation’s “Rapid Intervention Force” for their roles in the murder of Washington Post journalist Jamal Khashoggi.  The move came just... Read More

Janet Yellen Wins Senate Approval as Treasury Secretary

WASHINGTON (AP) — The Senate on Monday approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th... Read More

WASHINGTON (AP) — The Senate on Monday approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department's 232-year history. Yellen, a former chair... Read More

Mnuchin to Put $455 Billion in Funds Out of Yellen's Easy Reach

WASHINGTON — Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former... 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

Awaiting Yellen at Treasury: Yet Another Daunting Crisis

WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront... Read More

WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during... Read More

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

WASHINGTON -- Members of Congress directed tough questions at the U.S. Treasury secretary Tuesday about fraud and abuse in the... Read More

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

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

WASHINGTON - Nearly four months after Congress approved a $10 billion loan for the struggling U.S. Postal Service as part... Read More

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

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

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... Read More

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

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

WASHINGTON - The Treasury Department, responding to an explosion in the sale of wine in cans and single-serve bottles, is... Read More

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

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