U.S. Department of the Treasury
Recent News About U.S. Department of the Treasury
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Secretary of Treasury reflects on budget results for 2023
U.S. Secretary of the Treasury Janet L. Yellen and Office of Management and Budget Director Shalanda D. Young released the final budget results for fiscal year 2023.
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Members of Milorad Dobik's family and patronage network sanctioned by U.S. Treasury
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated two individuals and four entities as part of Specially Designated National (SDN) and Republika Srpska (RS) President Milorad Dodik's patronage network.
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Nelson: U.S. 'urges both sides of the conflict to cease the hostilities and violence perpetuating Sudan’s dire humanitarian crisis'
The Department of the Treasury’s Office of Foreign Assets Control imposed sanctions on Abdelrahim Hamdan Dagalo due to his leadership of the Rapid Support Forces (RSF), an entity responsible for acts of violence and human rights abuses, including massacres, ethnic killings and sexual violence.
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Treasury Under Secretary: U.S., Republic of Korea, Japan coordinate 'to combat the DPRK’s unlawful and destructive activities'
The United States, in coordination with the Republic of Korea and Japan, imposed sanctions on two individuals and one entity for their involvement in generating revenue for the Democratic People's Republic of Korea.
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Yellen: “The Inflation Reduction Act is spurring historic investments in clean energy”
On August 29, 2023, the U.S. Department of the Treasury released proposed rules and FAQs related to the Inflation Reduction Act's implementation across America, which focuses on clean energy job incentives and prevailing wage requirements.
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Yellen: 'The Biden-Harris Administration is focused on investing in our economic strength'
Secretary of the Treasury Janet Yellen gave a statement on a press call with Vice President Kamala Harris, emphasizing the government’s support for American workers.
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Nelson: 'United States is committed to promoting a peaceful resolution to the escalation of conflict in the eastern Democratic Republic of the Congo'
The U.S. Department of the Treasury's Office of Foreign Assets Control imposed sanctions on six individuals, because they helped escalate conflict in the eastern Democratic Republic of the Congo.
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Nelson: 'The United States rejects Hizballah’s cynical efforts to cloak its destabilizing terrorist activities with false environmentalism'
The U.S. Department of the Treasury’s Office of Foreign Assets Control designated Lebanon-based Green Without Borders and its leader, Zuhair Subhi Nahla, for providing support and cover for Hizballah’s operations in southern Lebanon under the guise of environmental activism.
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Nelson: 'We remain committed to exposing and disrupting the arms trade underpinning Putin’s brutal war in Ukraine'
The U.S. Department of the Treasury's Office of Foreign Assets Control recently imposed sanctions on three entities for their involvement in a sanctions evasion network attempting to facilitate arms deals between Russia and the Democratic People's Republic of Korea.
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Adeyemo: New incentive program will 'drive investment to underserved communities to ensure they benefit from lower energy costs'
The U.S. Department of the Treasury and the Internal Revenue Service recently introduced final rules for the Low-Income Communities Bonus Credit initiative.
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Nelson: 'Salameh contributed to Lebanon’s endemic corruption'
The U.S. Department of the Treasury's Office of Foreign Assets Control, along with the United Kingdom and Canada, is designating a former Lebanon central bank governor and associates for corrupt activities in Europe.
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Nelson on passage of RSNA law: 'This action threatens the stability, sovereignty and territorial integrity of Bosnia and Herzegovina'
The U.S. Department of the Treasury's Office of Foreign Assets Control designated several state-level officials for encouraging the passage of a Republika Srpska National Assembly (RSNA) law that obstructs the implementation of the Dayton Peace Agreement.
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Yellen: 'Taxpayers will be able to digitally submit all correspondence, non-tax forms and notice responses'
U.S. Treasury Secretary Janet Yellen addressed the recent decision by Fitch to downgrade the U.S. credit rating, highlighting the country's strong economic recovery.
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Nelson: Sanctions levied against Mali officials who 'have made their people vulnerable to the Wagner Group’s destabilizing activities'
The U.S. Department of the Treasury's Office of Foreign Assets Control issued sanctions against three Malian government and military officials for facilitating the deployment and expansion of the Wagner Group Private Military Company and its activities in Mali.
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Yellen: The U.S. 'considers Vietnam a key partner in the Indo-Pacific'
Treasury Secretary Janet Yellen praised the ongoing trade ties between the U.S. and Vietnam during the Bilateral Meeting with Minister of Finance Ho Duc Phuc July 21.
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Adeyemo: 'Today’s actions represent another step in our efforts to constrain Russia’s military capabilities'
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) took action July 20, 2023, implementing sanctions on Russian entities to hinder their access to critical products and technology.
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Malerba: 'Native Americans face higher poverty rates, overcrowding in homes and inequitable health status'
In her remarks at the Financial Literacy & Education Commission (FLEC) Public Meeting July 20, U.S. Treasurer Chief Lynn Malerba discussed the state of financial literacy in Indian Country.
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Adeyemo: 'The State and Local Fiscal Recovery Funds provided resources directly to communities across the country to help local leaders avoid cuts, address immediate needs, and support rapid, resilient, and equitable recovery'
Data from the State and Local Fiscal Recovery Funds through March 31, which was released by the U.S. Department of the Treasury on July 14, shows that governments have used this American Rescue Plan funding not only to avoid service cuts and address the pandemic's immediate health and economic effects. The funds also were used to make critical long-term investments that will strengthen their economies and communities.
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Nelson: 'Sanctions demonstrate our ability and our resolve to exploit the financial vulnerabilities of networks involved in the illicit fentanyl trade'
The U.S. Treasury Department's Office of Foreign Assets Control sanctioned 10 people July 12, including Sinaloa Cartel members and fugitives as well as one entity with its headquarters in Mexico.
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Under Secretary Nelson: 'Treasury will not hesitate to target actors that abuse their positions for personal gain'
The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has sanctioned a security official in Serbia. The sanctions against Aleksandar Vulin were implemented on July 11, a Treasury Department press release said.