News and reports from the Department of the Treasury.

Treasury News

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The U.S. Department of the Treasury has announced its current estimates for privately-held net marketable borrowing for the first two quarters of 2025.
Treasury

Treasury withdraws from network supporting Paris Agreement goals

The U.S. Department of the Treasury's Federal Insurance Office (FIO) has announced its decision to withdraw from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).
Treasury

Treasury Secretary Bessent meets Japanese Finance Minister to discuss regional cooperation

Secretary of the Treasury Scott Bessent engaged in a virtual introductory meeting with Japan's Finance Minister Katsunobu Kato on January 28, 2025.
Treasury

Scott Bessent assumes role as new Secretary of Treasury

Scott Bessent was sworn in as the 79th Secretary of the Treasury by Supreme Court Justice Brett M. Kavanaugh on January 28, 2025.
Treasury

Treasury sanctions Yemen bank over alleged ties with Houthis

The U.S. Department of the Treasury has announced new sanctions against Yemen Kuwait Bank for Trade and Investment Y.S.C, citing its financial support to Ansarallah, known as the Houthis.
Treasury

US sanctions actors undermining peace in Bosnia-Herzegovina

On January 8, 2025, the President of the United States issued Executive Order (E.O.) 14140, an amendment to E.O. 14033.
Treasury

Treasury releases new report on trends in U.S. personal auto insurance

The U.S. Department of the Treasury's Federal Insurance Office (FIO) has released a report on personal auto insurance markets and technological change.
Treasury

Treasury releases international capital data for November 2024

The U.S. Department of the Treasury has published the Treasury International Capital (TIC) data for November 2024.
Treasury

Treasury imposes sanctions on Chinese hacker and cybersecurity firm

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against Yin Kecheng, a cyber actor based in Shanghai, and Sichuan Juxinhe Network Technology Co., LTD., a cybersecurity company located in Sichuan.
Treasury

Treasury Secretary Yellen urges Congress on U.S. debt limit actions

Secretary of the Treasury Janet L. Yellen has addressed a letter to Congressional leaders concerning the United States debt limit.
Treasury

Treasury targets Sudanese armed forces leader amid ongoing conflict

The United States Department of the Treasury has announced sanctions against Abdel Fattah Al-Burhan, leader of the Sudanese Armed Forces (SAF), under Executive Order 14098.
Treasury

Treasury issues updated guidance on domestic content bonus for clean energy credits

Today, the U.S. Department of the Treasury and the Internal Revenue Service released new guidance on the Inflation Reduction Act's domestic content bonus for Clean Electricity Production and Investment Tax Credits.
Treasury

Treasury report highlights rising homeowners insurance costs amid climate challenges

The U.S. Department of the Treasury's Federal Insurance Office (FIO) has released a comprehensive report on homeowners insurance, highlighting rising costs and declining availability due to climate-related events.
Treasury

U.S. Treasury sanctions individuals and entities aiding North Korean weapon programs

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on two individuals and four entities for generating illicit revenue for the Democratic People's Republic of Korea (DPRK).
Treasury

Treasury releases list for clean electricity tax credit eligibility

Today, the U.S. Department of the Treasury announced the release of its first Annual Table listing greenhouse gas emissions rates for facilities eligible for Clean Electricity Production and Investment Tax Credits.
Treasury

Treasury recovers $31M in improper payments using SSA death data

The U.S. Department of the Treasury has announced the prevention and recovery of over $31 million in fraudulent and improper payments through a five-month pilot program using the Social Security Administration’s (SSA) Full Death Master File.
Treasury

Treasury report highlights U.S. economic recovery under Biden administration

The U.S. Department of the Treasury's Office of Economic Policy has released an analysis that underscores the significant recovery of the United States economy from the pandemic recession.
Treasury

Treasury proposes rules for commercial clean vehicle tax credits

The U.S. Department of the Treasury and the Internal Revenue Service have announced a Notice of Proposed Rulemaking (NPRM) regarding the Qualified Commercial Clean Vehicle Credit, part of the Biden-Harris Administration's Inflation Reduction Act.
Treasury

US sanctions Venezuelan officials backing Maduro amid ongoing repression claims

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on eight Venezuelan officials.
Treasury

Treasury releases policy brief on trends in small business financing

The U.S. Department of the Treasury has issued a policy brief titled "Financing Small Business: Landscape and Recommendations."
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