Entitlements and defense spending could be eclipsed with debt’s interest. The U.S. Treasury Department released data that shows government spending increased the national debt to $31.38 trillion in…
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President Nominates New Ambassador to Israel
Jack Lew is a former Treasury Secretary. President Joe Biden has nominated Jack Lew, who was chief of staff during President Obama’s administration and a former Treasury Secretary,…
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Treasury Sanctions Four Russians in Political Rival Poisoning
The Russian government attempted to assassinate a vocal anti-corruption politician. The Department of the Treasury recently imposed sanctions on four Russian individuals for their involvement in the poisoning…
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Low-Income Community Credit Program Launched
Treasury Department rule encourages the construction of clean energy facilities for lower energy costs. The Department of the Treasury issued a final rule and guidance for its new…
Read MoreTreasury Sanctions Former Bank Governor of Lebanon
Canada and UK impose similar sanctions for Riad Salameh. The Department of the Treasury has sanctioned the former governor of Lebanon’s central bank Riad Salameh for secretly investing…
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First Awardees for Minority Business Assistance Chosen
Treasury Department distributes $57 million to 12 states for small business support programs. The Department of the Treasury announced the first awardees of their technical assistance grant for…
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U.S. Imposes Sanctions on Bosnia and Herzegovina Officials
The four individuals facilitated the passage of a law that undermines the Dayton Accords peace deal. The State Department announced sanctions against four top officials of Bosnia and…
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IRS Plans Fully Digital Tax Submissions for 2024
The agency expects to convert entirely to paperless processing by 2025. U.S. Treasury Secretary Janet Yellen announced that the Internal Revenue Service (IRS) will begin accepting digital tax…
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Treasury Secretary Appoints Climate Counselor
The new department official will report to Secretary Yellen directly to support a net-zero emissions economy. Secretary of the Treasury Janet Yellen appointed Ethan Zindler as the Treasury…
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Treasury Department Releases Data on Pandemic Recovery Fund
State and Local Fiscal Recovery Funds supported local government projects and services. The Department of the Treasury released its data recording the use of the American Rescue Plan…
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