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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.
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Treasury Aces Small Business Procurement Scorecard for Third Year in A Row

By: Lorraine Cole
Friday, August 01, 2014

​Today the Small Business Administration (SBA) released its Small Business Procurement Scorecard, an annual report that assesses the progress made in prime contracting and subcontracting to small businesses by 24 federal government agencies, and we are proud to say that - for the third year in a row -Treasury received an score. ​
Posted in: Management

Treasury takes a big step to fight dirty money

By: David S. Cohen
Friday, August 01, 2014

​For years, the Treasury Department has worked to bring transparency to our financial system. Yet, one critical gap remains — banks and brokerages often do not know the identity of the people behind the businesses that open accounts.​
Posted in: Terrorism and Financial Intelligence

Secretary Lew Visits Iowa to Highlight Investment in Manufacturing

By: Anthony Reyes
Thursday, July 31, 2014

Secretary Jacob J. Lew traveled to Davenport, Iowa to highlight the Obama Administration’s commitment to fostering economic growth, expanding opportunity, and investing in advanced manufacturing.
Posted in: Secretary Lew

Making Home Affordable Teams Up with California’s Hardest Hit Fund

By: Maya Newman
Tuesday, July 29, 2014

​Last week, Making Home Affordable (MHA) hosted two events in the Golden State of California. The events, held in Riverside and Sacramento, provided homeowners an opportunity to explore options for lowering their mortgage payments, learn about alternatives to foreclosure, and gain a better understanding of their eligibility for help through the federal MHA program and California’s Keep Your Home California (KYHC).​
Posted in: Making Home Affordable

Treasury Celebrates Multilateral Development Banks at Third Annual Ceremony Honoring International Development Projects

By: Betsy Bourassa
Tuesday, July 29, 2014

​Last week, Treasury hosted its third annual Development Impact Honors, celebrating multilateral development bank (MDB) projects for their success in addressing key global development challenges.​
Posted in: International Affairs

Retroactive Tax Provisions, a “Quite Common” Practice

By: Mark J. Mazur
Thursday, July 24, 2014

​Congress has frequently imposed retroactive effective dates for provisions that shut down egregious tax loopholes. In these cases, backdated implementation is often important to ensure that companies do not take advantage of the lengthy legislative process to rush through transactions exploiting the loopholes they know they are about to lose.
Posted in: Tax Policy

Treasury Issues Final Regulations Clarifying Research and Experimentation Expenditure Rules for Businesses

By: Mark J. Mazur
Wednesday, July 23, 2014

Last year, Treasury and the Internal Revenue Service (IRS) issued proposed regulations to clarify the tax treatment of “pilot models” and other tangible property created as part of otherwise qualifying research activities.
Posted in: Tax Policy

Protecting and Promoting Safe Charitable Giving – A Look into the Financial Action Task Force’s Latest Report on the Risk of Terrorist Abuse in the Non-Profit Organization Sector

By: Katherine Gupta
Thursday, July 17, 2014

​For many years, the Treasury Department has been a part of the Financial Action Task Force, which recently published an important report on the Risk of Terrorist Abuse in the Non-Profit Organization (NPO) Sector. 
Posted in: Terrorism and Financial Intelligence

What They’re Saying About Corporate Inversions

By: Erin Donar
Wednesday, July 16, 2014

​Yesterday, U.S. Treasury Secretary Jacob J. Lew sent a letter about corporate inversions to the leaders of the Congressional tax-writing committees, writing that “Congress should enact legislation immediately — and make it retroactive to May 2014 — to shut down this abuse of our tax system.” ​
Posted in: Tax Policy

Secretary Lew Remarks on Cybersecurity at 4th Annual Delivering Alpha Conference

By: Anthony Reyes
Wednesday, July 16, 2014

​Secretary Jacob J. Lew today urged financial institutions and firms to take critical steps to better protect consumers and strengthen the nation's defenses against cybersecurity thefts, disruptions, and attacks. In remarks at CNBC and the Institutional Investor's 4th Annual Delivering Alpha Conference, Secretary Lew specifically called on the U.S. financial sector to improve cybersecurity by using the Administration's new cybersecurity framework for their own systems and as a way to evaluate outside vendors.
Posted in: Cybersecurity
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