U.S. Department Of Treasury
Recent News About U.S. Department Of Treasury
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The U.S. Department of the Treasury has awarded over $4 million to the Nevada Governor’s Office of Economic Development under the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). The funding aims to support small businesses in key economic sectors, including rural and Tribal businesses, healthcare enterprises, and advanced manufacturers within the clean energy sector.
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Today, the U.S. Department of the Treasury released new data indicating that nearly 50 million Americans, or 1 in 7 U.S. residents, have been covered through Affordable Care Act (ACA) marketplaces since January 2014. The Biden-Harris Administration has expanded premium tax credits to lower marketplace coverage costs, resulting in a significant increase in enrollment. As of the open enrollment for 2024, an all-time high of 20.8 million Americans are covered through these marketplaces, with 18.2 million enrolling for the first time since January 2021.
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The tenth official meeting of the U.S.-UK Financial Regulatory Working Group convened in Washington, D.C., on September 3, 2024. The session included officials and senior staff from HM Treasury and the U.S. Department of the Treasury, alongside representatives from various independent regulatory agencies such as the Bank of England, Financial Conduct Authority, Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Securities and Exchange Commission.
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The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned nine Mexican nationals and 26 Mexico-based entities linked to a fuel theft network benefiting the Cartel Jalisco Nueva Generacion (CJNG). This cartel is responsible for trafficking significant amounts of fentanyl and other deadly drugs into the United States. The action, coordinated with the Drug Enforcement Administration and the Government of Mexico, aims to disrupt CJNG's operations.
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The U.S. Department of the Treasury has awarded $10 million to the Maryland Technology Development Corporation (TEDCO) to support small business growth through the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). This funding is part of the Biden-Harris Administration’s economic agenda, which aims to connect underserved and very small businesses with necessary financing for participation in key supply chains such as electric vehicle manufacturing, semiconductor manufacturing, construction, transportation, and clean...
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On September 6, 2024, U.S. Secretary of the Treasury Janet L. Yellen and Commissioner of the Internal Revenue Service Danny Werfel announced significant milestones under the Inflation Reduction Act initiatives at the IRS campus in Austin, Texas. These initiatives aim to ensure that wealthy individuals pay their owed taxes, improve taxpayer services through digital advancements, and modernize foundational technology.
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Secretary of the Treasury Janet L. Yellen delivered remarks in Raleigh, North Carolina, emphasizing the Biden-Harris Administration's economic agenda and the progress made through the Inflation Reduction Act (IRA). Speaking at Wake Tech Community College alongside Governor Cooper, Congresswoman Ross, and Congressman Nickel, Yellen highlighted North Carolina's leadership in clean energy education and its utilization of federal funds for training in electric vehicle industries and advanced building technologies.
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Jeanette Quick, Deputy Assistant Secretary for Financial Institutions Policy at the U.S. Department of the Treasury, addressed attendees at the 2024 AAPISTRONG Annual Conference on September 4, 2024. In her remarks, she expressed gratitude to National ACE President and CEO Chiling Tong for her leadership and partnership as a member of the Treasury Advisory Council on Racial Equity.
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The United States takes action to defend and protect U.S. election institutions and processes from Moscow’s attempts to influence the 2024 Presidential Election.
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The U.S. Department of the Treasury and Internal Revenue Service (IRS) announced that Maryland will join IRS Direct File for Filing Season 2025. This initiative, enabled by President Biden’s Inflation Reduction Act, aims to enhance customer service and ensure taxpayers claim eligible benefits and deductions.
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The U.S. Department of the Treasury has released a new analysis highlighting significant growth in small business and entrepreneurship during the Biden-Harris Administration. The report indicates that small businesses have been responsible for over 70 percent of net new jobs since 2019, with an average of 430,000 new business applications per month in 2024, marking a 50 percent increase from 2019.
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The U.S. Department of the Treasury has released a report detailing the impact of the Inflation Reduction Act’s Low-Income Communities Bonus Credit Program for the 2023 program year. The report highlights $3.5 billion in investments aimed at reducing energy costs for low-income communities and promoting clean energy.
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking (NPRM) for the Clean Electricity Low-Income Communities Bonus Credit Program, known as 48E(h), created by the Inflation Reduction Act. The program aims to promote cost-saving clean energy investments in low-income communities, Indian lands, affordable housing, or directly benefiting low-income households.
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Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2023 were released today and posted on the Treasury website. The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 31, 2024.
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U.S. Treasurer Chief Lynn Malerba visited Alaska this week to meet with Alaska Native Tribal leaders, marking her first official visit to an Alaska Native Tribe.
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The U.S. Department of the Treasury and Internal Revenue Service (IRS) announced today that Maine will join IRS Direct File for Filing Season 2025. This initiative, enabled by President Biden’s Inflation Reduction Act, aims to improve customer service and ensure taxpayers claim eligible benefits and deductions.
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced today that Wisconsin will join IRS Direct File for Filing Season 2025. This development, enabled by President Biden’s Inflation Reduction Act, will allow more than 600,000 Wisconsinites to utilize a free online tax filing tool next year.
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WASHINGTON — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned former Haitian President Michel Joseph Martelly under Executive Order 14059, "Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade."
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U.S. Deputy Secretary of the Treasury Wally Adeyemo engaged in a virtual call with Ukrainian Minister of Finance Sergii Marchenko on August 20, 2024. During the discussion, Deputy Secretary Adeyemo reaffirmed the Administration’s unwavering support for Ukraine amid its defense against Russia's ongoing conflict. He praised Ukraine’s efforts to boost domestic revenues and assured that the international community would continue its support.
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The United States and the People’s Republic of China convened the fifth meeting of the Financial Working Group (FWG) in Shanghai on August 15-16, 2024. Senior officials from the U.S. Department of the Treasury and the People’s Bank of China led the two-day discussions, which included participants from various agencies.