Department of Treasury

NewsOct 12, 2022Read →

Treasury Department Launching Investigation Into DeSantis Migrant Flights

The Treasury Department is looking into Florida Gov. Ron DeSantis’ (R) handling of flying migrants to Martha’s Vineyard, Massachusetts. The department penned a letter to lawmakers in Massachusetts responding to their…

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NewsSep 8, 2021Read →

Top 1 Percent Dodge Paying Over $160 Billion a Year in Taxes, Treasury Dep’t Finds

The Treasury Department revealed the top 1 percent is responsible for the more than $160 billion lost each year in the United States. Natasha Sarin, deputy assistant Treasury secretary for economic policy, penned a blog…

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StoryFeb 4, 2021Read →

Treasury Secretary Yellen Wants To Make Sure ‘Americans Don’t Suffer Needlessly’

The new secretary of the U.S. Department of the Treasury, Janet Yellen , is speaking out in her first TV interview since taking on the new role. Yellen, who became the first female U.S. Treasury secretary, spoke with…

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NewsFeb 4, 2021Read →

US Treasury Says More Time Needed To Decide on Trump Tax Returns: Bloomberg News

The U.S. Treasury said it needs more time to decide whether to fight House Democrats in their effort to get former President Donald Trump’s personal and business tax returns, Bloomberg News reported on Wednesday. Given…

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NewsJan 26, 2021Read →

US Senate Votes Overwhelmingly To Confirm Yellen as First Female Treasury Chief

Janet Yellen won overwhelming Senate confirmation as the first female U.S. Treasury secretary on Monday, setting her quickly to work with Congress on coronavirus relief, reviewing U.S. sanctions policy and strengthening…

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StoryJan 25, 2021Read →

WH Press Secretary Says Admin Is Working on Putting Harriet Tubman on the $20

President Joe Biden ‘s administration is working to speed up the plan to put the image of the famous abolitionist Harriet Tubman on the front of the new $20 bill. Former President Barack Obama’s administration finalized…

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NewsDec 14, 2020Read →

Suspected Russian Hackers Spied on US Treasury Emails – Sources

Hackers believed to be working for Russia have been monitoring internal email traffic at the U.S. Treasury and Commerce departments, according to people familiar with the matter, adding they feared the hacks uncovered…

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NewsDec 13, 2020Read →

Suspected Russian Hackers Spied on US Treasury Emails – Sources

Hackers believed to be working for Russia have been monitoring internal email traffic at the U.S. Treasury Department and an agency that decides internet and telecommunications policy, according to people familiar with…

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NewsDec 2, 2020Read →

US Government Releases More Data on Millions of Businesses That Took Pandemic Aid

The Trump administration late on Tuesday released the names of more than 10 million businesses and individuals that took pandemic aid, providing more transparency for the programs which officials say have been plagued…

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NewsDec 1, 2020Read →

Treasury Nominee Yellen Warns of ‘Self-Reinforcing’ US Downturn, Vows To Aid Needy

President-elect Joe Biden’s treasury secretary nominee Janet Yellen said on Tuesday the United States is experiencing a historic crisis due to the coronavirus pandemic and its economic fallout that requires urgent…

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NewsNov 30, 2020Read →

Biden Names Top Economic Advisers, Setting State for More Diverse White House

President-elect Joe Biden unveiled his picks for several top economic positions on Monday, including former Federal Reserve Chair Janet Yellen as his nominee for Treasury Secretary, setting the stage for a more diverse…

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NewsNov 28, 2020Read →

Mnuchin Asks Republican Senators To Trust in Future Treasury, Fed Actions

U.S. Treasury Secretary Steven Mnuchin wrote in a letter to Senate Banking Committee Republicans on Friday that he hopes they will continue to show trust in the Treasury and Federal Reserve to manage coronavirus relief…

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NewsNov 23, 2020Read →

Biden To Choose Ex-Fed Chair Yellen as First Woman Treasury Secretary, Allies Say

U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary, putting a woman in the job for the first time, according to two Democratic allies. With Yellen, 74…

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StoryNov 19, 2020Read →

Biden Says He Will Reveal His Pick for Treasury Secretary ‘Just Before’ or ‘Just After’ Thanksgiving

President-elect Joe Biden says he has decided who he will nominate to be his Treasury secretary. Speaking to reporters on Thursday, Biden laid out his timeline for when he would announce the pick. “You’ll soon hear my…

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NewsOct 9, 2020Read →

US Government Simplifies Forgiveness Process for Smallest Pandemic Aid Loans

The U.S. government will greatly simplify the process by which borrowers of a $525-billion-pandemic-relief fund do not have to repay some of the smallest loans, the Department of Treasury said. In a statement issued…

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StoryJul 23, 2020Read →

Mnuchin on Trump’s Proposed Payroll Tax: ‘It Won’t Be in the Base Bill’

Treasury Secretary Steven Mnuchin is weighing in on President Donald Trump’s proposed payroll tax cut, confirming it “won’t be” part of the base coronavirus relief bill. On Thursday morning, Mnuchin appeared on CNBC’s…

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StoryJul 9, 2020Read →

Mnuchin Supports Extension of Reduced Unemployment Benefits

Treasury Secretary Steven Mnuchin is admitting that he does support extending unemployment benefits as the coronavirus outbreak continues to spread. During an interview on CNBC, Mnuchin discussed the financial aspects…

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NewsJul 6, 2020Read →

US Treasury to Name Small Businesses That Took Pandemic Aid, Says 51.1 Million Jobs Supported

The Trump administration on Monday said it was releasing the names of hundreds of thousands of businesses which took money from a high-profile $660 billion pandemic aid program, letting the public see for the first time…

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StoryMay 19, 2020Read →

Treasury Announces New Stimulus Payment Method

The U.S. Department of Treasury is announcing a new method of payment in an effort to fast-track Economic Impact Payments (EIP) to American workers and families. Treasury Secretary Steven Mnuchin released a statement…

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NewsMay 4, 2020Read →

U.S. Treasury Blasts Records With $3 Trillion Borrowing Need This Quarter

The U.S. Treasury Department on Monday said it plans to borrow nearly $3 trillion in the second quarter of 2020 – more than five times larger than the previous record – as the federal government spends at a frantic pace…

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