Agency is still catching up on 2020. Tax filing season for 2021 tax returns will begin on Monday, January 24, 2022, the Treasury Department announced. However, the office…
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White House Suggests Possible Double Child Credit
Coronavirus relief law policy would be renewed and doubled in February. White Houes Press Secretary Jen Psaki told reporters on Friday that President Biden’s administration is interested in…
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Treasury Awards $8.7 Billion for Minority Community Loans
Emergency Capital Investment Program hopes to address wealth gap. The Treasury Department hosted the Freedman’s Bank Forum last week, where Vice President Kamala Harris and Treasury Secretary Janet…
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Treasury Department Introduces Sanctions Against Belarus
New sanctions come in response to human rights violations by the Lukashenka regime. The Department of the Treasury announced on Thursday that they were putting even more sanctions…
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Congress Nears Debt Limit Deadline
No deals are currently on the horizon. The deadline to increase the federal debt limit is only weeks away—December 15. Senate Majority Leader Chuck Schumer of New York and…
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Banking Industry Concerned with Comptroller Nominee
She has proposed major changes to the nation’s banking system. America’s national banking system regulates banks through state or federal charters and regulations. Banks apply for a national…
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Administration Issues Iranian Drone-Related Sanctions
The action comes after Iranian drone program targeted U.S. troops in the region. On Friday, President Biden’s administration sanctioned a top Iranian military official for his role in…
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Treasury Department Names Racial Equity Counselor
New program will look at banking and other financial services industries. Treasury Secretary Janet Yellen announced the hiring of a former JPMorgan Chase executive to head a new government program…
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Budget Results Released for Fiscal Year 2021
Treasury secretary and acting OMB director issue joint statement. U.S. Treasury Secretary Janet Yellen and White House Office of Management and Budget Acting Director Shalanda Young released a…
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President Signs Bill Temporarily Raising Debt Limit
Federal default averted until December. President Joe Biden signed legislation on Thursday temporarily increasing the government’s borrowing limit to $28.9 trillion, delaying the deadline for debt default until…
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