The agency publishes guidance documenting details for investors. The Internal Revenue Service (IRS) has released guidance that outlines the requirements for receipt of the clean energy tax credit.…
Read MoreTreasury Secretary Yellen
Treasury Coordinates with UK on Sanctions Against Iran, Hamas
The moves are based on the belief that Iran is financially supporting Hamas. The Treasury’s Office of Foreign Assets Control announced a third round of sanctions against Hamas-affiliated officials…
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Interest on National Debt Now the Top Budget Expense
Treasury data shows interest exceeds $1 trillion per year. Information from the U.S. Treasury Department shows that estimated annualized interest payments on the nation’s debt exceeded $1 trillion…
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Treasury Sanctions 130 Who Help Russia Against Ukraine
Secretary Yellen says China, Turkey, and UAE support is perpetuating the war. The U.S. Treasury Department has imposed sanctions this week on 130 “individuals and entities” who help…
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Treasury Secretary Speaks at Annual Freedman’s Bank Forum
Attendees seek solutions to eliminate discrimination in banking, housing, and lending. The Department of the Treasury hosted the 2023 Freedman’s Bank Forum last week. The gathering included state…
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Senators Draft Letter to President on Hydrogen Tax Credit Flexibility
Legislators say limiting tax credits to new energy sources will limit market development. Ten Senators drafted a letter to President Biden’s administration advocating for greater leniency within the…
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U.S. and China Agree on Economic Talks
The Treasury secretary speaks of the distinction between decoupling and diversifying. The Treasury Department announced an agreement reached between China and the United States to create regular working…
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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…
Read MoreIRS 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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America’s Credit Rating Downgraded
Treasury Secretary Yellen objects to reduction even as the nation may borrow $2 trillion by yearend. Fitch Ratings, Inc. downgraded its rating of the stability of the federal…
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