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.
In a recent press release from the Department of Treasury, Secretary Janet L. Yellen emphasized the crucial role that the United States plays in addressing global instability. Yellen's statement came after President Joe Biden's request to Congress for supplemental funding to support Israel and Ukraine.
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.
Both government officials reiterated their dedicated support for Ukraine after the decision by Congress to prevent a potential government shutdown, which would impact the U.S.'s involvement in Ukraine.
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.
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.
The Climate-related Financial Risk Committee (CFRC) of the Financial Stability Oversight Council (FSOC) reported noteworthy progress in addressing climate-related financial risks, highlighting interagency collaboration and risk assessment efforts.
In its annual report to Congress, the Committee on Foreign Investment in the United States highlighted a remarkable year in 2022, with a historic number of reviews and increased focus on non-notified transactions to address national security risks effectively.
Secretary of the Treasury Janet L. Yellen commemorated the Inflation Reduction Act's one-year mark, highlighting robust economic gains and the law's pivotal role in advancing climate initiatives.
U.S. Treasury Secretary Janet L. Yellen emphasized support for Ukraine amid the Russian aggression, aligning with a $3.3 billion supplemental funding request for 2024, aimed at security, economic and humanitarian aid.
Treasury Secretary Janet L. Yellen hails significant strides in IRS modernization and inflation reduction under the Inflation Reduction Act, while voicing disagreement with Fitch's recent U.S. credit rating downgrade.
In a significant address on August 3, 2023, Eric Van Nostrand, Acting Assistant Secretary for Economic Policy, hailed the success of the price cap policy in countering Russia's aggression in Ukraine and promoting global economic stability.
The U.S. Treasury Department's Financial Literacy and Education Commission (FLEC) held a public meeting July 20 which focused on the financial literacy and educational needs of Tribal and Native communities.
During a recent address, Adeyemo highlighted the transformative potential of State and Local Fiscal Recovery Funds (SLFRF) for workforce development. He emphasized the urgency of utilizing the funds and the nearing deadline.
Consultation regarding the Elective Payment of Applicable Credits under the Inflation Reduction held on July 17 was reportedly met with excitement. The consultation addressed proposed regulations published by Treasury and the IRS.
Last week, the Department of the Treasury's OFAC issued a press release to announce the decision to impose sanctions on three Belgian and one Mexican nationals.