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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.

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

The President’s Proposals to Cut Taxes for Over 44 Million Families

By: Adam Looney
Thursday, January 29, 2015

​In last week’s State of the Union address, the President announced new proposals to reduce taxes on working families and to offset the cost by eliminating inefficient tax breaks that primarily benefit high-income taxpayers. In the President’s plan, individual tax cuts would help boost the paychecks of middle-class and working families, reduce the burden of child care costs while parents work, and help cover the cost of college and retirement.


Posted in: Tax

Secretary Lew Visits a Boston VITA Center

By: Macey Matthews
Friday, January 23, 2015

​Secretary Jacob J. Lew visited the Central Office of Action for Boston Community Development (ABCD) to see firsthand the work they are doing to help the community prepare for the upcoming tax season. ABCD is a long-time partner of the IRS’s Volunteer Income Tax Assistance (VITA) Grant Program, which enables select sites to offer free tax help to low-income individuals who need assistance in preparing their tax returns.
Posted in: Tax Season

In Case You Missed It: Secretary Lew’s Remarks on the State of the Economy and Business Tax Reform

By: Macey Matthews
Friday, January 23, 2015

The morning after the President’s State of the Union address, Treasury Secretary Jacob J. Lew delivered remarks at The Brookings Institution on the state of the U.S. economy and the need to reform our business tax system.
Posted in: Business Tax Reform

Martin Luther King Jr. Holiday Marks a Day of Service to Others

By: Dan Cruz
Monday, January 19, 2015

​Secretary Jacob J. Lew and more than 600 volunteers today joined City Year to honor Dr. Martin Luther King Jr.’s life and legacy with a Day of Service at the P.S. 55 Benjamin Franklin School in the Bronx, New York. The MLK Day of Service is a day to lend a helping hand and volunteer to serve others in their community. Each year, City Year brings together about 2,800 AmeriCorps members and thousands of volunteers nationwide who are eager and excited to give something of themselves on this holiday.
Posted in: Community Service

Tax Reform and Infrastructure Investments to Boost our Economy

By: Mark J. Mazur
Friday, January 16, 2015

Today, the Vice President spoke about the importance of investing in our infrastructure. These important investments would not add a dime to the deficit — they would be paid for by implementing another priority for the Administration, namely reforming our broken business tax system. Revenue-neutral business tax reform would generate one-time revenues that would support job-creating investments in America, putting people to work improving our country’s roads, bridges, tunnels, airports, and other critical infrastructure.
Posted in: tax
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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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