U.S. Department Of Treasury
Recent News About U.S. Department Of Treasury
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Assistant Secretary for Financial Markets Josh Frost presented the Quarterly Refunding Statement on April 29, 2024, outlining the U.S. Department of the Treasury's plans for upcoming Treasury securities offerings. Frost announced, "The U.S. Department of the Treasury is offering $125 billion of Treasury securities to refund approximately $107.8 billion of privately-held Treasury notes maturing on May 15, 2024." The issuance aims to raise new cash from private investors amounting to approximately $17.2 billion.The upcoming securities offerings include a 3-year note of $58...
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The Treasury Borrowing Advisory Committee recently submitted a detailed report to the Secretary of the Treasury, outlining various economic factors and developments that have influenced Treasury yields and market dynamics. In the letter addressed to the Secretary, the Committee highlighted key points regarding inflation, economic growth, job growth, and geopolitical tensions that have impacted the financial landscape.Regarding inflation, the Committee noted that core PCE inflation in Q1 was stronger than expected at 3.7% annualized, with slower goods price inflation...
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The recent meeting of the Treasury Borrowing Advisory Committee held on April 30, 2024, saw various discussions and recommendations put forth by key stakeholders in the financial sector.Under Secretary Liang expressed gratitude to outgoing Vice Chair Colin Teichholtz for his service to the committee at the beginning of the meeting. This set the tone for a series of discussions on debt management and Treasury priorities.During the meeting, it was noted that primary dealer estimates for the next three fiscal years were slightly lower than previous estimates, with a...
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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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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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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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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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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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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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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 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 organizationThe 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 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 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 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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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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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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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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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 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.