Land Near Military Bases Off Limits to Foreign Buyers 

New rule on barriers proposed by Treasury Department.  The U.S. Treasury Department has proposed a new rule that would establish barriers for non-Americans seeking to purchase land near…

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Treasury Secretary Congratulates New World Bank President

Secretary Yellen voices support for Ajay Banga’s ability to form climate policy. Secretary of the Treasury Janet Yellen congratulated Ajay Banga last week after he was elected president…

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Treasury Reaches Settlement with British American Tobacco

Resolves alleged violations of U.S. sanctions against North Korea. The Department of the Treasury reached a legal settlement with British American Tobacco (BAT) on Thursday, allowing the company…

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Military Maintenance Funds Often Unused

Auditors say dorms and other buildings could be repaired. A Government Accountability Office (GAO) official has reported that the Department of Defense (DOD) could invest its unused funds…

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Ventris Gibson, Director of the U.S. Mint

Ventris Gibson, Director of the U.S. Mint

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IRS Answers 2.4 Million More Phone Calls in 2023

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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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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Jerome Powell, Chair of the Federal Reserve

Jerome Powell, Chair of the Federal Reserve

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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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