Partnership with China facilitated payments for American goods. The Treasury Department sanctioned over 150 entities and individuals involved in a scheme to help Russia circumvent preexisting sanctions enforced…
Read MoreDeputy Treasury Secretary Wally Adeyemo
IRS Releases Final Rules for Hydrogen Production Tax Credit
Clarifies wage and apprenticeship standards for Regional Clean Hydrogen Hubs program participants. The Internal Revenue Service (IRS) released its final rules for its Clean Hydrogen Production Tax Credit,…
Read MoreIRS Releases Guidances for Clean Energy Tax Credits
Expands program to include co-owned and co-invested projects. The Internal Revenue Service (IRS) recently finalized its expansion to clean energy tax credits, allowing co-owners and co-investors in clean…
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Treasury AI, Fraud Detection Recovers $4 Billion in Improper Payments
Expanding the identification process significantly increases 2024 fraud recovery. The Treasury Department prevented $4 billion of improper payments within government agencies in the 2024 fiscal year, announcing the…
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Vice President Announces Investment in Tribal Small Business Program
The funding will provide capital and technical assistance for start-up companies. Vice President Kamala Harris recently announced that the Department of the Treasury has approved over $500 million…
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Treasury Department Sanctions 400 More Entities Tied to Russia
The department targets global supporters of the Russian military and sanction evasion tactics. The Department of the Treasury added nearly 400 entities to its international sanctions list, targeting…
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President to Promote Loans for Ukraine War Effort at G7
Up to $50 billion in loans could be provided from the interest on frozen Russian assets. President Biden is expected to propose a plan to the Group of…
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IRS Announces Tax Bonus for Domestically Produced Iron
The agency released guidance on how to apply for a 10 percent tax credit. The Internal Revenue Service (IRS) released new tax guidance this past week, instructing companies…
Read MoreWally Adeyemo, Deputy Secretary of the Treasury
Wally Adeyemo is Deputy Secretary of the Treasury. He had previously served as the Deputy National Security Advisor for Academics, as well as the Deputy Director of the…
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Wally Adeyemo, Deputy Secretary, Department of Treasury
Wally Adeyemo, Deputy Secretary, Department of Treasury
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