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.
President Biden's executive order, driven by national security concerns, empowers regulations to thwart foreign entities from accessing U.S. technology pivotal to their military and intelligence ambitions, safeguarding American interests.
The Biden administration recently declared a national emergency to address threats from countries advancing sensitive military technologies, an action praised by congressional leaders for its thoughtful approach to national security and free-market principles.
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.
PayPal, the online payment giant, takes a significant step into the world of digital currencies with the launch of PayPal USD, a U.S. dollar-denominated stablecoin, aiming to enhance digital payment experiences.
In a surprising move, Fitch Ratings downgrades the United States' credit rating from 'AAA' to 'AA+', citing fiscal concerns and governance issues, raising alarm in the financial world.
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.
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.
Last week, the U.S. Department of the Treasury's Office of Foreign Assets Control issued a press release announcing the decision to impose more sanctions on Russia for Ukraine aggression, aligned with G7 commitments.
Vice Chair Monica De La Cruz (TX-15) condemns ESG mandates as a tool of cancel culture and market distortion during a heated hearing on insurance and housing costs.
Rep. Patrick McHenry (R-N.C.), chair of the House Financial Services Committee (FSC), introduced two bills last month in response to FinCEN's recent rules update on reporting provisions of beneficial ownership information.
Federal Reserve Chair Jerome Powell said during a June 21 Congressional hearing that Federal Reserve officials consider stablecoins money and accordingly believe the Fed should have a central role in their regulation.
Patrick McHenry, chairman of the House Financial Services Committee, sent a letter to Treasury Secretary Janet Yellen, chair of the Financial Stability Oversight Council (FSOC), in which McHenry invited Yellen to reconsider the FSOC’s decision to shift the focus from activities to size.
U.S. Sen. Tim Scott (R-S.C.) believes the United States needs to take a stronger stance against China, not only to make the U.S. economy stronger, but to put it in a better position to outcompete China.
Treasury Secretary Janet Yellen said she believes that there is a chance to bring down inflation while maintaining a strong labor market, she said during an interview with CNBC, which she shared on social media.