Supply chain and hiring challenges contribute to higher prices. A report released Thursday by the Department of Labor revealed that consumer prices increased 5 percent for the year…
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President Announces Key Nominees
Administration seeks to fill roles in Labor, Commerce, Defense, and Treasury departments. This past week, President Joe Biden announced his intent to nominate the following individuals for key…
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Treasury Urges Debt Level Increase
Congress urged to move quickly. Treasury Department officials urged Congress to increase the federal borrowing limit this summer. Otherwise, the federal government could run out of cash, much…
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Treasury Secretary Hints at Interest Increases
Expects the Federal Reserve to maintain economic stability. On Tuesday, Secretary of the Treasury Janet Yellen indicated that national interest rates might have to increase due to the…
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Over 156 Million Stimulus Payments Distributed
Treasury Department reports roughly $372 billion distributed. The Treasury Department announced on Wednesday that it has recently surpassed 156 million payments to individuals as a part of the…
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Corporate Tax Plan Unveiled
It would pay $2 trillion toward spending packages. On Wednesday, Treasury Secretary Janet Yellen introduced a plan to pay for the president’s $2 trillion spending package by raising…
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Treasury Secretary Virtually Attends G7 Finance Meeting
Provides assurance of U.S. commitment to international support for allies. On Friday, Treasury Secretary Janet Yellen virtually attended the G7 finance meeting with international finance ministers and central…
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Treasury Resumes Plans for $20 Bill Change
President Andrew Jackson to be replaced. The White House Press Secretary, Jen Psaki, said this week that the Treasury Department will resume plans to put Harriet Tubman’s image…
Read MoreJanet Yellen Confirmed as Treasury Secretary
Brings previous experience from Federal Reserve and Economic Council. On Monday evening, the Senate voted to confirm Janet Yellen as the nation’s first woman to serve as Treasury…
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Congress Passes Historic Anti-Corruption Legislation
Included in the defense bill is a provision that bans anonymous shell companies. The defense bill that Congress recently passed, which overrode the president’s veto, includes new legislation…
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