The department will use EPA consumer guide instead of the Corporate Average Fuel Economy. The Department of the Treasury has announced the expansion of the electric vehicles eligible…
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Fed Chair Says There is a “Long Way to Go” on Inflation
He also calls America’s debt unsustainable. Federal Reserve Chairman Jerome Powell said there is “a long way to go” before economic stability is achieved in the U.S. He…
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Treasury Places Sanctions on MS-13 Gang Leaders
Drug trafficking, money laundering, and murder are some of the gang’s regular activities. The Treasury Department has imposed sanctions against two key members of the MS-13, an international…
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Treasury Releases Multinational Tax Guidance Document
“Pillar Two“ provides details on global minimum tax for corporations. The Organisation for Economic Co-operation and Development (OECD), an international financial forum that participates in all G20 meetings,…
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Treasury Department Awards $690 Million for Rental Assistance
Funds are being distributed to 89 state and local grantees. The Department of the Treasury released an additional $690 million for rental assistance through their Emergency Rental Assistance…
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Secretary Yellen Announces U.S.-South Africa Wildlife Trafficking Task Force
The Treasury Department will work with South Africa to identify financial red flags between the two countries. Secretary of the Treasury Janet Yellen met with South African officials…
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Bill Would Eliminate Federal Debt Ceiling
Congress looking for ways to avoid regular adjustments of debt ceiling. Representative Bill Foster of Illinois and 42 co-sponsors introduced the End the Threat of Default Act which…
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Secretary Yellen Meets with Zambian President Hichilema
Together, they discuss the war in Ukraine and global debt management. Secretary of the Treasury Janet Yellen traveled to Zambia early in the week, where she met with…
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FBI Agents Arrest Bitzlato Founder in Miami
Departments of Justice and Treasury disrupt China-based cryptocurrency. Justice Department officials announced the arrest of Anatoly Legkodymov, the founder of the cryptocurrency exchange company Bitzlato. The FBI made…
Read MoreTreasury Secretary Urges Congress to Act on Debt Ceiling
She says steps must be taken to avoid default. Treasury Secretary Janet Yellen has notified Congress that the statutory debt limit of the U.S. will be reached this…
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