Expresses confidence in their ability to keep the agency independent. President Joe Biden previously nominated Jerome Powell and Lael Brainard to serve on the Federal Reserve Board, and…
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Treasury Department Sanctions 5 North Korean Nationals
Response to providing supplies for ballistic missiles. On Wednesday, the Treasury Department announced U.S. sanctions against five North Korean individuals, one in Russia and four in China, who…
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Treasury to Update COVID Relief Funding Guidelines
A final rule to be issued April 1 for spending options for state funding. The U.S. Department of the Treasury has been providing state governments with funding for…
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U.S. to Spend $10 Billion to Help Small Businesses
Some funding will target disadvantaged communities. The U.S. through the Treasury Department is planning to hand out $10 billion to help young companies gain access to capital in…
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IRS Will Begin Receiving Returns January 24
Agency is still catching up on 2020. Tax filing season for 2021 tax returns will begin on Monday, January 24, 2022, the Treasury Department announced. However, the office…
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White House Suggests Possible Double Child Credit
Coronavirus relief law policy would be renewed and doubled in February. White Houes Press Secretary Jen Psaki told reporters on Friday that President Biden’s administration is interested in…
Read MoreTreasury Awards $8.7 Billion for Minority Community Loans
Emergency Capital Investment Program hopes to address wealth gap. The Treasury Department hosted the Freedman’s Bank Forum last week, where Vice President Kamala Harris and Treasury Secretary Janet…
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Treasury Department Introduces Sanctions Against Belarus
New sanctions come in response to human rights violations by the Lukashenka regime. The Department of the Treasury announced on Thursday that they were putting even more sanctions…
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Congress Nears Debt Limit Deadline
No deals are currently on the horizon. The deadline to increase the federal debt limit is only weeks away—December 15. Senate Majority Leader Chuck Schumer of New York and…
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Banking Industry Concerned with Comptroller Nominee
She has proposed major changes to the nation’s banking system. America’s national banking system regulates banks through state or federal charters and regulations. Banks apply for a national…
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