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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.

A Closer Look at Under Secretary Sheets’s Remarks on Global Growth and Policy Calibration at the Peterson Institute

By: Robert Sockin
Friday, February 20, 2015

In his remarks yesterday at the Peterson Institute, Under Secretary Nathan Sheets noted that while there is broad agreement within the G-20 that both demand-side and supply-side factors have hindered global growth, there are still varying views regarding the appropriate policy response. The U.S. Treasury has encouraged countries to pursue strong stimulative policies to address weak demand. Below we highlight the five core observations outlined by Sheets as the analytical and intellectual foundation for this position.
Posted in: International Affairs; Nathan Sheets

Making Transactions with the Government More Secure

By: David A. Lebryk
Wednesday, February 18, 2015

A key mission of the U.S. Department of the Treasury’s Bureau of the Fiscal Service is facilitating safe and efficient financial transactions between the public and the U.S. government. This daily cash flow represents nearly $90 billion.​
Posted in: Bureau of the Fiscal Service

Wrap Up: Secretary Lew’s Visit to Turkey and India

By: Hagar Chemali
Friday, February 13, 2015

This week, Secretary Jack Lew traveled to Istanbul, Turkey to meet with his international counterparts at the G-20 Meeting of Finance Ministers and Central Bank Governors.  The G-20 is a forum comprised of the world’s largest economies and, each year, Finance Ministers and Central Bank Governors from around the world meet to coordinate on policies designed to help promote global economic stability and sustainable growth.​
Posted in: Travel

African Americans Building Treasury

By: Monique Nelson
Thursday, February 12, 2015

As we celebrate Black History month, it’s important to remember the contributions African Americans made to Washington, D.C. and the Treasury Department  The city has nurtured many African American leaders since its founding in 1800, including the likes of Benjamin Banneker, Frederick Douglas, Sojourner Truth, Mary McLeod Bethune, Duke Ellington, and Charles Drew to cite just a few.  Now largely forgotten, the work of many DC residents is visible on major landmarks in the city, including the Treasury building.​
Posted in: Black History Month

Secretary Lew Visits Unique Identification Enrollment Center in Mumbai

By: Hagar Chemali
Wednesday, February 11, 2015

Secretary Lew is in India this week to participate in the U.S.-India Economic and Financial Partnership, meet with business leaders, and help further our cooperation on economic issues important to both nations. 
Posted in: Financial Inclusion

In Case You Missed It: Secretary Lew Talks Global Economy, U.S. Economic Outlook on CNBC

By: Macey Matthews
Monday, February 09, 2015

​On February 8, Steve Liesman, CNBC Senior Economics Reporter, sat down with Secretary of the Treasury Jacob J. Lew to discuss the global economy and U.S. economic outlook in advance of his trip to Istanbul, Turkey for the G-20 Finance Ministers and Central Bank Governors Meeting and India for the U.S.-India Economic Financial Partnership Meeting.
Posted in: Global Economy

Treasury Priority: Fighting for U.S. Competitiveness

By: Betsy Bourassa
Friday, February 06, 2015

This week, Secretary Lew appeared before Congress to discuss the President’s budget proposal and other key issues that affect the U.S. and global economy. Members of Congress raised questions about the impact that undervalued currencies have on trade. 
Posted in: Currency

President Obama Visits CDFI Fund Financed Community College and Training Center

By: Annie Donovan
Friday, February 06, 2015

​Today, President Obama delivered remarks on our growing economy and steady job growth at Ivy Tech Community College’s Corporate College and Culinary Arts Training Center in Indianapolis. The President’s visit underscores what is possible if we continue to make investments that increase opportunities for all Americans. The Corporate College and Culinary Arts Training Center was once a vacant building in a low-income neighborhood, and thanks to resources from the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) that leveraged private sector investments, this state-of-the-art facility now offers students a chance to gain the skills needed for well-paying jobs in today’s workforce. ​
Posted in: Community Development Financial Institutions Fund

Treasury Brings Greater Clarity to the Credit Rating Process

By: Michael Stegman
Thursday, February 05, 2015

​One of President Obama’s key housing principles is to put private capital at the center of the housing finance system.  To help advance that goal, Secretary Lew announced that Treasury would launch a Private Label Securities (PLS) initiative in June 2014 to help restart a responsible, sustainable, non-government guaranteed mortgage market. 
Posted in: Housing

Budget Release

By: Erin Donar and Adam Hodge
Monday, February 02, 2015

Earlier today, President Obama sent to Congress his budget for Fiscal Year 2016. Treasury also released the Greenbook, an explanation of the Administration's revenue proposals for Fiscal Year 2016. 
Posted in: Budget
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