By: HUD Public Affairs
Wednesday, February 22, 2012
An article in last Friday’s Financial Times raises questions about the historic mortgage settlement between the five largest mortgage servicers in the United States, 49 state attorneys general, and the federal government.
Posted in: Making Home Affordable
By: Erika Gudmundson
Tuesday, February 21, 2012
Assistant Secretary for Economic Policy Dr. Jan Eberly submitted to the Economist today the following letter to the editor.
Posted in: Economic Policy
By: Jenni LeCompte
Sunday, February 19, 2012
The Budget released by the President this week uses a balanced approach to achieve more than $4 trillion in deficit reduction over the next 10 years. This level of savings and the manner in which they are accomplished are broadly consistent with the bipartisan deficit reduction proposals put forward by the Bowles-Simpson Commission and the Senate’s bipartisan “Gang of Six.” Using this balanced approach, the President’s Budget reduces deficits from about 9 percent of GDP in 2011 to below 3 percent by 2018, and stabilizes the debt as a share of the economy by the middle of the decade.
Posted in: Debt Limit, Budget
By: Rosie Rios
Friday, February 17, 2012
The year 2012 marks an important milestone in currency and coinage production, with the United States Mint entering 220 years of service to our country and the Bureau of Engraving and Printing marking 150 years in existence.
Posted in: U.S. Mint, Bureau of Engraving and Printing, Coins and Currency
By: Marissa Hopkins
Thursday, February 16, 2012
Yesterday afternoon, Deputy Secretary of the Treasury Neal Wolin joined First Lady Michelle Obama, Dr. Jill Biden, Defense Secretary Leon Panetta, and Chairman of the Joint Chiefs of Staff General Martin Dempsey at the Pentagon to unveil a new report outlining opportunities and best practices for states to enhance support for military spouses serving in professions with licensing requirements.
Posted in: Economic Policy
By: Gene Sperling
Thursday, February 16, 2012
Today, we learned that each of the Big Three automakers posted a yearly profit for 2011. For the first time since 2004, all of those companies are operating in the black.
Posted in: Autos
By: Erika Gudmundson
Thursday, February 16, 2012
Today, the IRS today issued its annual “Dirty Dozen” ranking of tax scams
so taxpayers can protect themselves against schemes ranging from
identity theft to return preparer fraud. The Dirty Dozen listing,
compiled by the IRS each year, lists some common scams taxpayers can encounter at any point during the year – but many of these schemes peak during filing season as people prepare their tax returns.
Posted in: IRS
By: Erika Gudmundson
Thursday, February 16, 2012
Treasury Secretary Tim Geithner is making the rounds on
Capitol Hill this week discussing the President’s Fiscal Year 2013
Budget. Before the Senate Finance Committee, House Ways and Means
Committee and the Senate and House Budget Committees, Secretary Geithner explains how the President’s budget
underscores his commitment to creating jobs, strengthening growth and
improving opportunity for all Americans, while putting the country on
sounder fiscal footing under a tough yet balanced approach that reduces
projected deficits by more than $4 trillion over the next 10 years.
Posted in: Budget and Performance
By: Erika Gudmundson
Monday, February 13, 2012
Earlier today, President Obama
sent to Congress his budget for Fiscal Year 2013. Treasury also released the
Greenbook, which provides an explanation of the Administration's revenue
proposals for Fiscal Year 2013.
Posted in: Tax Policy, Budget and Performance
By: Neal Wolin
Thursday, February 09, 2012
Two years ago, President Obama announced that the United States would broaden its engagement in the Middle East and North Africa, and the Administration has intensified this effort as historic political changes have swept through the region. Recently, I traveled to Israel, the West Bank, Tunisia, and Libya with Deputy Secretary of State Thomas R. Nides to reaffirm that economic cooperation and assistance are critical aspects of our country’s diplomatic efforts in this part of the world.
Posted in: International
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