U.S. Department Of Treasury
Recent News About U.S. Department Of Treasury
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Department of the Treasury announces new milestone in expanding the reach of Clean Energy Tax Credits
The Department of the Treasury, in conjunction with the Internal Revenue Service (IRS), has achieved a significant milestone in its efforts to expand the reach of Clean Energy Taxes and expedite project development. More than 45,500 projects have been registered for the New Elective Pay and Transferability Credit Monetization Provisions under the Inflation Reduction Act.
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Nicaragua's Attorney General sanctioned by the Department of the Treasury
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Nicaragua's Attorney General, Wendy Carolina Morales Urbina, for her role in supporting oppression. Urbina is alleged to have played a part in the Ortega-Murillo regime's repression against civilians.
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CRFB analysis finds CBO’s Long-Term Budget Outlook troubling
The Committee for a Responsible Federal Budget (CRFB) has released an analysis of the Congressional Budget Office’s (CBO) recently published Long-Term Budget Outlook. The analysis underscores several alarming economic trends predicted for the United States over the forthcoming 30 years.
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Data shows that Homeowner Assistance Fund has helped over 500,000 families remain in their homes
The U.S. Department of the Treasury has published data on the Homeowner Assistance Fund (HAF), indicating that the fund has supported over 500,000 families in retaining their homes by offering financial relief. More than $6.6 billion has been disbursed through the American Rescue Plan (ARP) to aid homeowners at risk of foreclosure.
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Zimbabwe's president sanctioned by the United States Department of the Treasury
The United States Department of the Treasury has imposed sanctions on Zimbabwe's President Emmerson Mnangagwa and several other key figures for their involvement in corruption and serious human rights abuses. The president was among 11 individuals who were sanctioned under Executive Order (E.O.) 13818, which implements the Global Magnitsky Human Rights Accountability Act.
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US Department of the Treasury releases analysis on Inflation Reduction Act
The United States Department of the Treasury has recently published an analysis on the benefits derived from the Inflation Reduction Act (IRA). The study suggests that previous projections understate the impact of the IRA on reducing greenhouse gas pollution and overlooks its broader benefits.
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$20 million for digital connectivity projects for Pennsylvania has been approved
Pennsylvania has received approval for $20 million in funding for digital connectivity projects, a significant step towards bridging the nation's digital divide. This investment forms part of the Investing in America Agenda.
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The United States Department of the Treasury used AI fraud detection processes to recover $375 million in 2023
The United States Department of the Treasury has leveraged artificial intelligence (AI) in fraud detection processes, resulting in the recovery of nearly $375 million during 2023. The Office of Payment Integrity within the Treasury initiated the use of AI to combat escalating levels of fraud, which began to rise with the onset of the COVID-19 pandemic in 2020.
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The Department of the Treasury has created sanctions against Guatemala drug trafficking organization
The United States Department of the Treasury has disclosed that it has imposed sanctions on the Guatemalan drug trafficking organization, Los Pochos. Additionally, sanctions are being placed on companies and individuals who have abetted Los Pochos in their illicit activities.
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The US Treasury released an analysis on the impact that the Investing in America Agenda has had on Georgia
The United States Department of Treasury recently conducted an analysis on the Investing in America Agenda, a program focused on enhancing communities with lower wages, employment rates, college graduation rates, and higher poverty rates. The findings revealed that the Agenda has been instrumental in driving investment to underserved communities in Georgia.
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The Department of the Treasury has released an analysis on the return on investment from the Inflation Reduction Act
The U.S. Department of the Treasury has published an analysis indicating that the Inflation Reduction Act (IRA) has yielded a substantial return on investment.
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The US Department of the Treasury has released a 2024 national risk assessment
The United States Department of the Treasury has published its 2024 national risk assessments, focusing on terrorist financing, proliferation financing, and money laundering. The report underlines the most substantial financial threats currently confronting the United States.
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Taxpayers Protection Alliance president: 'Policy makers should disincentivize bringing frivolous cases' to address mass tort litigation abuse
David Williams, president of the non-profit Taxpayers Protection Alliance (TPA), conveyed to Federal Newswire that the prevalence of trivial mass tort lawsuits could be curtailed through reforms such as imposing penalties on the attorneys who instigate them. He pointed out that mass tort litigation is increasingly being financed by Wall Street investors who share in the profits.
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Russian Cyber Actor responsible for Medibank Hack is sanctioned by the United States, Australia, and the United Kingdom
The United States, the United Kingdom, and Australia have imposed sanctions on Alexander Ermakov due to his involvement in a ransomware attack against Australian healthcare insurer Medibank in 2022. This cyberattack resulted in the exposure of sensitive data belonging to approximately 9.7 million Medibank users.
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Secretary of the Treasury Janet Yellen provides remarks on the US Economy
In Chicago, Janet Yellen, the Secretary of the United States Department of the Treasury, delivered a speech on the current state of the U.S. economy. Her remarks focused on the middle class and how they have been supported by the present administration.
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How the US Department of the Treasury has approached equitable community finance recently
Graham Steele, the Assistant Secretary for Financial Institutions at the U.S. Department of Treasury, recently provided an analysis on how the Treasury has approached equitable community finance over the past few years. The field of community finance has undergone rapid transformation due to policies that have supported equitable economic growth.
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The United Stated Department of the Treasury is connecting 16,000 North Carolina Homes and Businesses to high--speed internet
The Department of the Treasury, in collaboration with President Biden, has announced the approval of federal funds for a significant project. These funds have been allocated through the Capital Projects Fund, a component of the Investing In America Agenda.
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IRS and Department of Treasury have recovered over half a billion dollars in unpaid taxes from millionaires
The Internal Revenue Service (IRS) has implemented new strategies under the Inflation Reduction Act to recover a larger share of taxes owed by large corporations and complex partnerships. To date, over half a billion dollars have been recouped through these new measures.
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Credits from the Inflation Reduction Act can help fund school facility upgrades
In 2022, the Inflation Reduction Act was enacted, marking a significant move by the government towards promoting clean energy to mitigate climate change. The tax credits derived from this act are expected to finance upgrades for school facilities and aid in reducing their energy bills.
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Independent Community Bankers of America supports proposal aimed at large bank long-term debt
The Independent Community Bankers of America (ICBA) has expressed its support for a proposed rule that would mandate banks with assets worth $100 billion or more to maintain minimum levels of externally issued long-term debt. This rule has been proposed by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.