U.S. Treasury Secretary Janet Yellen will deliver remarks on the state of the U.S. economy and investments the Biden administration has made in the middle class, according to the Treasury Department. She will deliver the remarks at the Chicago Economic Club at 1:30 p.m. ET on Jan. 25.
The U.S. Internal Revenue Service (IRS) plans to allow taxpayers to submit all documents and correspondence to the agency digitally for the 2024 tax filing season and will convert all paper tax returns to digital documents by the 2025 season, the Treasury Department said on Wednesday. The initiative, part of a decade-long, $60 billion program […]
The Treasury Department on May 26 said that June 5 would be the new date on which the government could run out of money to pay to its bills. Meanwhile, both the White House and the Republican House speaker pointed to more progress in the debt ceiling negotiations. The Republican-led Texas House of Representatives has […]
Sen. Joe Manchin (D-W.Va.) said a new Biden administration ruling on electric vehicle tax credits provisions in the 2022 Inflation Reduction Act (IRA) was a significant deviation from what he believed was the intent of the law when he voted for it last summer. A provision of the Inflation Reduction Act allowed for up to […]
The U.S. Treasury Department has reportedly agreed to provide Republican lawmakers access to a set of Suspicious Activity Reports (SAR) relating to transactions by President Joe Biden’s son Hunter Biden, the president’s brother James Biden, and their business associates. House Oversight Committee Chairman James Comer (R-Ky.) issued a statement today announcing the Treasury Department had […]
A former employee at New York’s financial regulator who once lived in China and earned a bachelor’s degree at a Chinese Communist Party-controlled university has taken an important position in the Biden administration. The Office of the Comptroller of the Currency—a Treasury Department bureau overseeing the country’s largest banks and federal savings associations—has named Yue […]
The United States and its allies are looking to adopt a containment strategy in regard to Russia, following its invasion, according to the Washington Post. NTD spoke with U.S. Rep. Pete Sessions of Texas to address how Washington views financial relations with Russia. He shares with us a viewpoint within Congress on the Ukraine crisis.
The U.S. Treasury Department said on Sunday it will partner with Israel to combat ransomware, with the two countries launching a joint task force to address cybersecurity. The task force will develop a memorandum of understanding supporting information sharing related to the financial sector, including cybersecurity regulations and threat intelligence, the Treasury Department said. The […]
The latest round of monthly child tax credit payments is scheduled to be distributed to tens of millions of families on Monday. And it could be the next-to-last one unless Congress acts. More than $15 billion was sent to families of roughly 61 million children last month, according to the Treasury Department and Internal Revenue […]
The families of more than 65 million children will start receiving enhanced child tax credit monthly payments of up to $300 on July 15, the Biden administration announced Monday. The temporary benefit, which will be sent to 39 million households and covers 88 percent of children in the United States, stems from the Democrats’ $1.9 […]
WASHINGTON—The U.S. Treasury Department on Friday said it has allocated an additional $21.6 billion for rental assistance under President Joe Biden’s coronavirus rescue package, adding new rules aimed at assisting more renters directly. The Treasury said that new guidance to local agencies administering rental assistance programs allows them for the first time to offer aid […]
Some shell companies will now have to reveal the identity of their true owners to the Treasury Department, according to a new anti-money laundering rule. Criminals in the United States have used shell companies to disguise and launder their dirty money.
WASHINGTON—The United States on Tuesday imposed Iran-related sanctions on six companies and four people, accusing the network of supplying sensitive goods to an Iranian military firm in the Trump administration’s latest move to increase pressure on Tehran. The U.S. Treasury Department in a statement accused the companies and individuals of facilitating the procurement of sensitive […]
The U.S. Treasury Department on Friday announced sanctions against a Russian government research institution that has been accused of using the “destructive” Triton malware to target critical facilities in the United States. The malware is also known as TRISIS and HatMan and was designed to target industrial control systems. The majority of such systems monitor and […]
Officials from the Treasury Department and Small Business Administration testified on the effectiveness of Trump’s virus relief programs, the Trump Administration is investing over $100 million into America’s countryside, and a judge makes a controversial decision to release a man without bail who is accused of violently attacking three police officers in New York.
WASHINGTON—President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com. The president has long criticized the post office of charging too little for packages, saying that deliveries for Amazon and others cost the service money. “The Postal Service is a […]
WASHINGTON (AP)—The federal government ran the second highest monthly surplus on record this April as tax revenues were pushed higher by a change in the deadline for corporate tax payments. In its monthly budget report, the Treasury Department said Wednesday that the surplus for April totaled $182.4 billion, the second largest surplus after a record […]
The United States has imposed sanctions on Syria. U.S. Treasury Secretary Steve Mnuchin took the stage during the daily White House press briefing and delivered the following announcement: “The United States Department of Treasury’s Office of Foreign Asset Control imposed sanctions in response to the April 4, 2017 sarin attack on innocent civilians by the […]
