U.S. Department Of Treasury
Recent News About U.S. Department Of Treasury
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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.
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US Treasury is tightening the price cap on Russian oil
The U.S. Department of the Treasury has announced a tightening of the price cap on Russian oil, in addition to introducing new sanctions on Russia and its partners.
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Analyzing the impact sanctions have had on Russia
The U.S. Department of the Treasury has released an analysis detailing the effects of United States and international sanctions on Russia, particularly their impact on the ongoing conflict between Russia and Ukraine. The report indicates that these sanctions and export controls have significantly damaged Russia's economy and curtailed its ability to finance the war.
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Outlook on American Household Purchasing Power
The U.S. Department of the Treasury recently published an article updating consumers on the purchasing power of American households. Purchasing power refers to the quantity of goods or services that a single unit of money can buy.
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Treasury approves using federal funds to improve education and health monitoring in Washington, D.C.
The U.S. Department of the Treasury has sanctioned $22.5 million in federal funds for the development of a multi-purpose community facility in Washington D.C. This establishment will be instrumental in providing health care, education, and workforce services to the local population.
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Pandemic response funds stabilized housing markets in Indian Country
The U.S. Department of the Treasury has released a report detailing how pandemic response funds have stabilized housing markets in Indian Country, resulting in an increased percentage of native families retaining their homes. The report highlights the effectiveness of three pandemic recovery programs that have helped homeowners in Tribal communities avoid foreclosure and eviction, thereby strengthening both local and national economies.
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GreenMet CEO: Exemption in Treasury's proposed guidance for electric vehicles 'opens a giant loophole' for China
Drew Horn, the CEO of GreenMet, an organization that addresses vulnerabilities in critical mineral supply chains, told Federal Newswire that the Treasury Department's guidance for electric vehicles (EV) could enable foreign entities of concern (FEOC) to benefit from American taxpayer funds. Horn urged the Department of Energy to work with partners to enhance critical mineral traceability in order to prevent adversarial nations such as China from exploiting American consumers and taxpayers.
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Beltrán Leyva Organization Sanctioned by the U.S. Department of the Treasury
Secretary of the Treasury, Janet L. Yellen, recently announced that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on members associated with the Beltrán Leyva Organization for Fentanyl Trafficking.
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Counter-Fentanyl Strike Force launched by the US Department of Treasury
The U.S. Treasury is set to establish a new task force aimed at combating the illegal trafficking of fentanyl across North America. This proactive measure targets an ongoing issue affecting communities in the United States, Mexico, and Canada.