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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Jerome Powell, Chair of the Federal Reserve
Jerome Powell, Chair of the Federal Reserve
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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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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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Three U.S. Banks Have Failed
The FDIC, Treasury Department, and Federal Reserve are working together to ensure depositors’ access to funds. The Federal Deposit Insurance Corporation has taken over the Silicon Valley Bank…
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Housing Affordability at Historic Low
Mortgage rates reach 7 percent – housing prices could drop 20 percent. An online real estate marketplace recently reported that barely one in five U.S. households could afford…
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Senate Confirms IRS Commissioner
He had been the acting commissioner. The Senate confirmed Danny Werfel on Thursday as the Commissioner of the Internal Revenue Service. During his hearing in February, Werfel said,…
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