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Treasury's official blog, featuring blog posts from Treasury's senior officials and staff sharing news, announcements and information about the work done at the Treasury Department.

Secretary Lew Visits Important Investment Sites in Tanzania, Highlights Power Africa and Trade Africa Initiatives

By: Stephanie Ma
Thursday, October 30, 2014

​During his visit on Tuesday to Dar es Salaam, Tanzania, Secretary Lew toured the Port of Dar es Salaam and the Power Substation to highlight the importance of investment in infrastructure for economic growth.

Posted in: International Affairs

Treasury’s Office of Technical Assistance Supports Paraguay in Strengthening Its Revenue Management and Delivering Essential Public Services

By: Larry McDonald
Tuesday, October 28, 2014

Treasury’s Office of Technical Assistance (OTA) has a Revenue Policy and Administration Program that assists ministries of finance in achieving more efficient, responsible collection of revenues.  Recently, OTA partnered with Paraguay to help the country more effectively manage its revenues, which would enable Paraguay to better provide critical services to its citizens.
Posted in: Category 1

Assistant Secretary Lago Visits Health Centers in the Democratic Republic of Congo

By: Greg Larson
Tuesday, October 28, 2014

​​Improving healthcare delivery is a top priority for the Democratic Republic of Congo (DRC). Last week, Assistant Secretary for International Markets and Development Marisa Lago visited two health projects that are successfully meeting this challenge. Supported by the World Bank and the U.S. Agency for International Development (USAID), these projects are using an innovative approach that links the release of funds to the achievement of health-related targets, rather than making payments up front.
Posted in: International Affairs

Attacking ISIL's Financial Foundations

By: Hagar Chemali
Friday, October 24, 2014

​Speaking yesterday before the Carnegie Endowment for International Peace and later at the White House Press Briefing, Under Secretary for Terrorism and Financial Intelligence David Cohen outlined Treasury’s role within the comprehensive U.S. and international effort to disrupt, degrade and ultimately defeat ISIL. He discussed Treasury’s continuing work, under President Obama’s leadership and together with partners around the world, to deploy innovative tools to undermine ISIL’s financial strength.  

Posted in: Office of Terrorism and Financial Intelligence

Readout of This Week's Financial Action Task Force Plenary

By: Jennifer Fowler
Friday, October 24, 2014

The Financial Action Task Force (FATF), the international standard-setting body for anti-money laundering and counter-terrorist financing (AML/CFT), issued statements on two key issues countries are grappling with in their efforts to combat illicit finance.
Posted in: Terrorism & Financial Intelligence

Millennials Benefit from a Stronger Economy

By: Karen Dynan
Friday, October 10, 2014

Last week we learned that the economy gained 248,000 jobs in September, mainly reflecting an increase in private employment of 236,000. This strong report pushed the unemployment rate down to 5.9 percent - its lowest point since July 2008 - and kept us on pace for the strongest year of private-sector job growth since the late 1990s, with year-to-date gains of nearly 2 million. All told, the private sector has added 10.3 million jobs over 55 straight months of job growth, extending the longest streak on record.
Posted in: Economic Policy

OFR Teams with Fed to Fill Key Gap in Financial Data

By: Richard Berner
Wednesday, October 08, 2014

​In a presentation earlier this week to the Financial Stability Oversight Council, I announced an important initiative of the Office of Financial Research in partnership with the Federal Reserve to fill a key gap in our ability to measure financial activity.
Posted in: Category 1

Treasury’s Work to Support Money Transmitters

By: Daniel L. Glaser
Wednesday, October 08, 2014

Each year millions of Americans use money services businesses (MSBs) to pay bills, cash checks, exchange currency, and send funds to family members and friends. Both domestically and abroad, money transmitters, one type of MSB, also serve the unbanked and under-banked. Ensuring that money transmitters continue to be able to send funds through legitimate and transparent channels requires an approach that balances the complementary goals of financial inclusion and financial transparency.
Posted in: Category 1

In Case You Missed It: Secretary Lew Participates in Moderated Conversation Ahead of the IMF-World Bank Annual Fall Meetings

By: Betsy Bourassa
Tuesday, October 07, 2014

​Ahead of the 2014 Annual Meetings of the International Monetary Fund and World Bank Group, Secretary Lew participated in a moderated conversation with New York Times editorial writer Vikas Bajaj on the state of the global economy. The Secretary, speaking at the Peterson Institute for International Economics in Washington, D.C., addressed a spectrum of issues, including growing the global economy, infrastructure investment, business tax inversions, and sanctions.
Posted in: International Affairs

Treasury’s Financial Empowerment Innovation Fund Awards 11 Contracts

By: Melissa Koide
Thursday, October 02, 2014

​Treasury today announced contracts for 11 research projects under the Financial Empowerment Innovation Fund. These projects will develop, test, and evaluate new ways to assist more Americans with financial options and help bring safe and affordable financial services to more families.​
Posted in: Consumer Policy
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Secretary Jacob J. Lew discussed “The New 10” announcement and putting a woman on currency with historian Doris Kearns Goodwin on Thursday, July 3...

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