Information of 106 million users hacked through data breach. This week the U.S. Department of the Treasury fined banking company Capital One $80 million in the wake of…
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President Bans Tiktok
Requires apps to be sold to American companies or will be blocked in U.S. On Thursday, President Trump signed an executive order that would ban the social media…
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Postal Service to Receive $10 Billion Relief Loan
USPS remains “on unstable path,” Postmaster General says. On Wednesday, the U.S. Treasury Department announced that it has reached an agreement to lend up to $10 billion to…
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Potawatomi Nation Requests Additional Federal Coronavirus Aid
Differences between federal and tribal population data cause confusion. As part of the CARES act, the U.S. Treasury Department allocated over $8 billion to indigenous people groups. When…
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Supreme Court Rules for Health Insurers
Federal reimbursements may be as high as $12 billion. In an 8-1 ruling Monday, the Supreme Court said that health insurance companies are owed reimbursement. Through a program…
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Hospitals May Lend Unused Ventilators
President announced new public-private initiative. On Tuesday, President Trump announced a new initiative, which he called the “Dynamic Ventilator Reserve,” during a meeting with healthcare executives at the…
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IRS Begins Depositing COVID-19 Aid Checks
Will continue aid distribution over the following weeks. The IRS announced on Saturday that it had begun the process of distributing millions of checks to Americans in order…
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Inspector General Finds Treasury Department Actions Proper
Treasury handling of subpoena was consistent with Treasury policy. The Inspector General’s office of the Treasury Department released their findings last Friday regarding the Treasury’s handling of the…
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Coronavirus Task Force and Presidential Briefing for Tuesday
Public update from the White House with current details and actions. President Trump said the Treasury Department and SBA have announced the paycheck protection program, and the program…
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Mnuchin Announces Income Tax Deadline Pushback
President Trump’s declaration of emergency is the catalyst for 3 month delay. To individuals who owe less than $1 million and corporations who owe less than $10 million,…
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