By: Jennifer Fowler
Friday, February 27, 2015
The Financial Action Task Force (FATF), which is the international standard-setting body for anti-money laundering and counter-terrorist financing (AML/CFT), published a report today on the Financing of the Terrorist Organization Islamic State of Iraq and the Levant (ISIL). The report provides a thorough and current analysis of ISIL’s revenue streams and financial activities, including looting banks, exploiting oil fields and other economic resources, extorting the movement of goods and cash entering or transiting ISIL-held territory, and kidnapping for ransom.
Posted in: Terrorism and Financial Intelligence
By: Dan Cruz
Thursday, February 26, 2015
Today, Secretary Lew submitted the Fiscal Year 2014 Financial Report of the U.S. Government to the President and Congress. This Report, prepared by the U.S. Treasury Department in collaboration with the Office of Management and Budget is largely compiled from financial results reported by 151 federal government entities and provides a picture of the nation’s finances.
Posted in: U.S. Government Financial Report
By: J. Mark Iwry
Thursday, February 26, 2015
This week marks America Saves Week, an annual opportunity to encourage all Americans to save and a chance for individuals and families to take stock of their financial health and preparedness. The U.S. Treasury Department joins many organizations and our federal partners in renewing our commitment to helping more Americans save.
Posted in: Personal Finance
By: Annie Donovan
Monday, February 23, 2015
Over the past weekend, I had the pleasure of joining a groundbreaking ceremony for Crosstown, an exciting revitalization project in Memphis, Tennessee that was financed in part by New Markets Tax Credits from the Community Development Financial Institutions Fund (CDFI Fund). Crosstown is an example of how the CDFI Fund’s programs attract investments where they are needed the most in underserved and low-income areas throughout the country.
Posted in: CDFI
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
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
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
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
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
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