U.S. Deficit Climbs in First Two Months of Fiscal Year

Increase in spite of month of November year over year totals dropping. The Treasury Department reported a deficit totaling $429.3 billion in the first two months of the…

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Interior Department Distributes Energy Earnings

$8.08 billion shows 30% increase in the last 4 years. The utilization of American land for energy production has been a key income source for the federal government…

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Secretary Mnuchin Wants Grants for Main Street

There are CARES Act funds available for Congress to reallocate. The Federal Reserve’s key pandemic lending programs expire on December 31.  Treasury Secretary Steven Mnuchin said Congress should…

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U.S. Imposes More Sanctions on Iran

Secretary Pompeo supports “maximum pressure” approach. Sanctions were placed on a top Iranian charity and its affiliates Wednesday by the State Department and U.S. Treasury, who stated that the…

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U.S. Borrows to Offset Economic Impact of COVID-19

Nation’s budget deficit surpasses $284.1 billion. The United States will start 2021 with the largest budget deficit it has ever seen according to numbers released by the Department…

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U.S. Treasury Sanctions Former Foreign Minister of Lebanon

Department puts pressure on Hezbollah group ally. Secretary of State Mike Pompeo announced that the U.S. Treasury put sanctions on Lebanon’s former minister of foreign affairs Gebran Bassil…

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Treasury Reports Increase in U.S. Debt for Fiscal Year

$3 trillion dollar deficit surpasses previous records.  In their monthly report last week, the U.S. Department of the Treasury announced the debt left behind as the country sought…

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Mint Director Asks for Help with Coin Shortage

Encourages use of exact change for purchases. In a video posted Monday on Twitter, the Director of the U.S. Mint, David Ryder, called for Americans to help fight…

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IRS Returns Owed Interest

Nearly 14 million taxpayers to receive funds.  The Department of the Treasury announced on Thursday that the Internal Revenue Service (IRS) would be returning over $12 million of…

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U.S. Treasury Fines Bank $80M

Information of 106 million users hacked through data breach. This week the U.S. Department of the Treasury fined banking company Capital One $80 million in the wake of…

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