Resolves alleged violations of U.S. sanctions against North Korea. The Department of the Treasury reached a legal settlement with British American Tobacco (BAT) on Thursday, allowing the company…
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Military Maintenance Funds Often Unused
Auditors say dorms and other buildings could be repaired. A Government Accountability Office (GAO) official has reported that the Department of Defense (DOD) could invest its unused funds…
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Ventris Gibson, Director of the U.S. Mint
Ventris Gibson, Director of the U.S. Mint
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IRS Answers 2.4 Million More Phone Calls in 2023
An increase in funding results in 5,000 additional staff hired. The Department of the Treasury released updated statistics this week about the performance of the Internal Revenue Service…
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Treasury Approves Funding for California High-Speed Internet
Part of Capital Projects Fund of American Rescue Plan. The Department of the Treasury has approved $540.2 million for the installation of high-speed internet throughout California. The state…
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Treasury Reports $129 Billion Brought In on Tax Day
Financial analysts watching 2022 tax receipts closely. The Department of the Treasury released the daily financial statement for the annual tax filing deadline last week, showing a total…
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Jerome Powell, Chair of the Federal Reserve
Jerome Powell, Chair of the Federal Reserve
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Treasury Releases Final Guidance for Coal Town Transition Credits
The department gives a 10% tax credit boost to domestic “energy communities”. The Department of the Treasury released its final guidance for clean energy project tax credits solidifying…
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Secretary Yellen Proposes Treasury Budget for 2024
Secretary highlights the IRS, anti-Russia efforts, and recent bank saves as part of her budget proposal. Secretary Janet Yellen testified before the House Committee of Financial Services and…
Read MoreTreasury Secretary Says Financial Sector Stabilizing
The department continues support for banks, advocates for regulation updates Secretary of the Treasury Janet Yellen said that she believes that the financial sector is beginning to recover…
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