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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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Build America Investment Initiative - Expanding Opportunities to Invest in America’s Infrastructure

By: Karen Dynan
Friday, January 16, 2015

Infrastructure investment is critical to America’s continued economic success. Our nation must modernize and maintain our roads, bridges, and water-systems to help ensure that the United States remains a place for businesses to operate productively and grow, which will, in turn, create economic opportunity for hard working Americans.
Posted in: Category 1

In Case You Missed It - Secretary Lew’s Op-Ed on Wall Street Reform

By: Suzanne Elio
Monday, January 12, 2015

In an op-ed in yesterday’s edition of The Washington Post, Treasury Secretary Jacob J. Lew advises leaving Wall Street’s risky practices in the past. In the piece, Secretary Lew outlined the need to protect the financial reforms that have made our financial system safer and more resilient, and have ensured that consumers, investors and taxpayers are now protected from the types of abuses that helped cause the financial crisis.
Posted in: Dodd-Frank

SBLF Helps Lenders Increase Small Business Loans by $14 Billion

By: Jessica Milano
Thursday, January 08, 2015

​The Treasury Department released a new report this week showing that participants in the Small Business Lending Fund (SBLF) program increased small business lending nationwide by $14.3 billion, a 45 percent increase over baseline lending levels. More than 90 percent of participating community banks reported stronger small business lending as a result of the program. These increased levels of lending provide small businesses with the resources they need to start and grow their businesses and contribute to local economic growth.
Posted in: Small Business Lending Fund

Nationwide Release of the BEP’s U.S. Currency Reader Program to Help the Blind and Visually Impaired

By: Rosie Rios
Tuesday, January 06, 2015

The Department of the Treasury’s Bureau of Engraving and Printing (BEP) is now accepting and processing applications nationwide from blind or visually impaired individuals who wish to receive a currency reader to denominate U.S. currency. Under the U.S. Currency Reader Program, U.S. citizens or persons legally residing in the U.S. and its territories who are blind or visually impaired can obtain a currency reader device at no cost. The currency reader, known as the iBill® Talking Banknote Identifier, is compact in size, easy to use, and provides a response within just a few seconds. A user simply inserts a Federal Reserve note into the device, presses a button on the side, and the reader identifies the denomination. The device operates on a standard AAA battery and can read U.S. currency in circulation today. The reader can be set to indicate the note’s denomination by voice, a pattern of tones or series of vibrations.
Posted in: BEP

Recordkeeping Requirements Proposed

By: Suzanne Elio
Tuesday, January 06, 2015

​Treasury has published a notice of proposed rulemaking for Qualified Financial Contracts (QFCs) recordkeeping, which would require certain financial companies to maintain standardized records of contracts such as swap agreements and repurchase agreements. The proposed rule implements a portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) meant to support the FDIC’s orderly liquidation authority (OLA), which could be used to help prevent the failure of a complex financial company from threatening U.S. financial stability.
Posted in: Dodd-Frank

Treasury Welcomes Stakeholder Engagement on Financial Access for Money Services Businesses

By: Hagar Chemali
Tuesday, December 30, 2014

Next month, Treasury will host a roundtable to discuss issues surrounding financial access for money services business (MSBs) and to hear related feedback from industry.
Posted in: Category 1

Year In Review: The Office of Financial Research

By: Barbara Shycoff
Tuesday, December 30, 2014

The Office of Financial Research (OFR) capped a year of progress in promoting financial stability a few weeks ago by releasing its 2014 Annual Report to Congress, a publication that highlights our important work.
Posted in: Category 1

Treasury Finalizes Patient Protection Regulations for Tax-Exempt Hospitals

By: Emily McMahon
Monday, December 29, 2014

​Charitable hospitals represent more than half of the nation’s hospitals and play a key role in improving the health of the communities they serve. But reports that some charitable hospitals have used aggressive debt collection practices, including allowing debt collectors to pursue collections in emergency rooms, have highlighted the need for clear rules to protect patients.
Posted in: Category 1

Year in Review: U.S. Progress with G-20 Partners on Key Global Economic Priorities

By: Holly Shulman
Tuesday, December 23, 2014

​​The G-20, a forum comprised of the world's largest economies, has made important progress in 2014 on key issues that affect both the U.S. and global economy. The G-20’s work this year culminated in the Leaders’ Summit in Brisbane, Australia, which convened heads of state from around the world to coordinate on policies designed to help promote global economic stability and sustainable growth.
Posted in: Category 1

Giving Back to Communities

By: Annie Donovan
Tuesday, December 23, 2014

The holiday season is an important time to give back to our communities and lend a helping hand to those who are striving to get through tough times. Yesterday, my fellow Treasury Department officials and I did just that. Secretary Lew, Deputy Assistant Secretary Jessica Milano, and I served breakfast at So Others Might Eat (SOME), a Washington, D.C. based organization helping individuals and families in need. Volunteering at SOME allowed us to see first-hand how organizations like this touch people’s lives. It also provided us a glimpse of how the Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) is supporting services where they are needed the most.
Posted in: CDFI Fund
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