U.S. Secretary of the Treasury Janet L. Yellen and OMB Director Shalanda D. Young revealed the 2023 fiscal data, spotlighting both economic growth and rising deficits.
President Joe Biden's Inflation Reduction Act is touted as the most significant legislation to address climate change in the history of the United States, according to a recent U.S. Department of the Treasury press release.
The latest U.S. Bureau of Labor Statistics State Employment and Unemployment report for September 2023 offers a glimpse into the nation's diverse job markets.
The U.S. Bureau of Labor Statistics' recent press release indicates a 0.4% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for September 2023, down from the 0.6% rise in August. Over the year, the index reported a 3.7% increase prior to seasonal adjustments.
The U.S. Bureau of Labor Statistics reported a rise in total nonfarm payroll employment in September 2023, with the unemployment rate remaining steady at 3.8%.
The Price Cap Coalition's advisory, released on Oct. 12, outlines critical best practices for maritime oil industry stakeholders. Designed to enhance responsible trading and ensure compliance with price caps on Russian-origin oil products set by the G7, EU and Australia, the advisory pinpoints multiple challenges confronting the sector.
In recognition of Hispanic Heritage Month, the U.S. Department of the Treasury released a report card showing that Latino business ownership and revenues in the U.S. are up and detailing how federal investments – including those from President Joe Biden’s American Rescue Plan – are growing and sustaining Latino-owned businesses.
Leaders of the House Financial Services Committee have sent a formal letter to Jerome Powell, Chairman of the Federal Reserve Board, voicing their objections against the Fed's recent supervision and regulatory letters concerning the digital asset ecosystem.
The U.S. Department of the Treasury and IRS have unveiled new proposed rules aimed at improving job quality in the clean energy sector. The guidelines, part of the Inflation Reduction Act, offer enhanced tax incentives for companies that meet specific wage and apprenticeship standards.
The U.S. Treasury Department has released an in-depth report asserting the critical role labor unions play in bolstering the American economy and enhancing the well-being of the middle class, according to a department press release.
The U.S. Treasury Department has proposed new regulations on the sale and exchange of digital assets by brokers, aiming to curb tax evasion and clarify tax obligations. The move has sparked debate among industry stakeholders.
The U.S. Securities and Exchange Commission (SEC) announced on Wednesday, August 23, the adoption of new rules and amendments that will strengthen the oversight and regulation of private fund advisers.
In February, U.S. regulators forced New York-based Paxos Trust Company to stop issuing Binance's stablecoin. Binance, the largest cryptocurrency exchange in the world, has now embraced a stablecoin issued out of Hong Kong, sparking concerns that the actions of U.S. regulators are threatening the hegemony of the U.S. dollar and the U.S.'s position as a global financial leader.
In a press release issued on August 17, 2023, key federal and state financial regulatory agencies announced measures to support financial institutions impacted by the Hawaii wildfires.
On August 8, 2023, Treasury Under Secretary Brian E. Nelson and FinCEN's Acting Director Himamauli Das met with Kentucky leaders to discuss implementing the Corporate Transparency Act and combating fentanyl trafficking.
The U.S. Department of the Treasury's Office of Tribal and Native Affairs recently led a delegation trip to the Pueblos of Laguna and Acoma in New Mexico.
When a massive earthquake hit Turkey in February, many residents were left without access to critical supplies. Mustafa, who first discovered Binance on YouTube in 2020, said the cryptocurrency exchange’s actions in the wake of the earthquake enabled his parents to replace their glasses and hearing aids that were lost in the rubble while banks were shut down.
According to a letter sent to the SEC Chair and the President of FINRA, the House Financial Services Committee raised concerns over the approval of Prometheum Ember Capital LLC, questioning the process and highlighting national security issues.
On July 24, the Federal Reserve Board made an announcement regarding a consent decree and significant fines of $268.5 million for the Swiss international investment bank UBS Group AG. The violation was committed by Credit Suisse, which was acquired by UBS in June of 2023, according to a press release.