News and reports from the Department of the Treasury.

Treasury News

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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."
Treasury

IRS announces $6 billion tax credit allocations for advanced energy projects

The Internal Revenue Service (IRS) has announced the allocation of $6 billion in tax credits for the second round of the Inflation Reduction Act’s § 48C Qualifying Advanced Energy Project Tax Credit.
Treasury

Treasury releases clean fuels production credit guidance effective in 2025

The U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has released new guidance on the Clean Fuels Production Credit under section 45Z.
Treasury

Treasury releases final rules expanding clean energy investments in low-income communities

The U.S. Department of the Treasury and the IRS have released final rules and guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program.
Treasury

Treasury issues final rules on clean electricity tax credits

The U.S. Department of the Treasury and the IRS have released final rules for Clean Electricity Investment and Production Tax Credits, known as technology-neutral credits, under tax code sections 45Y and 48E.
Treasury

US Treasury sanctions leaders and firms linked to Sudan conflict

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Mohammad Hamdan Daglo Mousa, known as Hemedti, and seven companies linked to Sudan's Rapid Support Forces (RSF).
Treasury

U.S. Treasury sanctions Hungarian official Antal Rogan for alleged corruption

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against Antal Rogan, a senior Hungarian government official, citing his involvement in corruption.
Treasury

Yellen discusses economic issues with China's Vice Premier He Lifeng

Secretary of the Treasury Janet L. Yellen engaged in a virtual meeting with Vice Premier He Lifeng of the People’s Republic of China, focusing on managing the bilateral economic relationship between the two nations.
Treasury

U.S. Treasury issues expanded sanctions relief for Syrian humanitarian efforts

Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced Syria General License (GL) 24, which expands authorizations for activities and transactions in Syria as of December 8, 2024.
Treasury

U.S sanctions Beijing-based firm over links with Chinese state-sponsored cyber group

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Integrity Technology Group, Incorporated (Integrity Tech), a cybersecurity company based in Beijing.
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