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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.

Millennials Benefit from a Stronger Economy

By: Karen Dynan
Friday, October 10, 2014

Last week we learned that the economy gained 248,000 jobs in September, mainly reflecting an increase in private employment of 236,000. This strong report pushed the unemployment rate down to 5.9 percent - its lowest point since July 2008 - and kept us on pace for the strongest year of private-sector job growth since the late 1990s, with year-to-date gains of nearly 2 million. All told, the private sector has added 10.3 million jobs over 55 straight months of job growth, extending the longest streak on record.
Posted in: Economic Policy

OFR Teams with Fed to Fill Key Gap in Financial Data

By: Richard Berner
Wednesday, October 08, 2014

​In a presentation earlier this week to the Financial Stability Oversight Council, I announced an important initiative of the Office of Financial Research in partnership with the Federal Reserve to fill a key gap in our ability to measure financial activity.
Posted in: Category 1

Treasury’s Work to Support Money Transmitters

By: Daniel L. Glaser
Wednesday, October 08, 2014

Each year millions of Americans use money services businesses (MSBs) to pay bills, cash checks, exchange currency, and send funds to family members and friends. Both domestically and abroad, money transmitters, one type of MSB, also serve the unbanked and under-banked. Ensuring that money transmitters continue to be able to send funds through legitimate and transparent channels requires an approach that balances the complementary goals of financial inclusion and financial transparency.
Posted in: Category 1

In Case You Missed It: Secretary Lew Participates in Moderated Conversation Ahead of the IMF-World Bank Annual Fall Meetings

By: Betsy Bourassa
Tuesday, October 07, 2014

​Ahead of the 2014 Annual Meetings of the International Monetary Fund and World Bank Group, Secretary Lew participated in a moderated conversation with New York Times editorial writer Vikas Bajaj on the state of the global economy. The Secretary, speaking at the Peterson Institute for International Economics in Washington, D.C., addressed a spectrum of issues, including growing the global economy, infrastructure investment, business tax inversions, and sanctions.
Posted in: International Affairs

Treasury’s Financial Empowerment Innovation Fund Awards 11 Contracts

By: Melissa Koide
Thursday, October 02, 2014

​Treasury today announced contracts for 11 research projects under the Financial Empowerment Innovation Fund. These projects will develop, test, and evaluate new ways to assist more Americans with financial options and help bring safe and affordable financial services to more families.​
Posted in: Consumer Policy

20 Years of Lifting Up Communities

By: Jonathan Greenblatt
Wednesday, October 01, 2014

​For two decades, the Community Development Financial Institutions Fund (CDFI Fund) has been an important element of an economic strategy designed to create opportunity for all and strengthen communities by increasing access to capital. Today, the Obama administration celebrated its 20th anniversary by convening government officials, business executives, and community leaders at the Treasury Department to mark the achievements of the CDFI Fund and to look at the prospects for its continued success. 

Posted in: Community Development Financial Institutions Fund (CDFI Fund)

Trip Recap: Assistant Secretary Lago traveled to Guatemala, Honduras and El Salvador

By: Holly Shulman
Tuesday, September 30, 2014

​Assistant Secretary Marisa Lago, accompanied by Deputy Assistant Secretary for Terrorist Financing Jennifer Fowler and Deputy Assistant Secretary for the Western Hemisphere Michael Kaplan, traveled to Guatemala, Honduras and El Salvador earlier this month to meet with government officials, non-governmental organizations, local entrepreneurs, representatives from the World Bank and Inter-American Development Bank (IDB), 
Posted in: International Affairs

Common Questions on FSOC’s Nonbank Financial Company Designations

By: Suzanne Elio
Friday, September 26, 2014

​Among the authorities granted to the Financial Stability Oversight Council, one of its most frequently discussed is its ability to designate nonbank financial companies for heightened supervision – namely, enhanced prudential standards and consolidated oversight by the Federal Reserve. This authority, which was created under Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is an important tool that allows the Council to address threats that certain large, complex, interconnected nonbank financial companies could pose to financial stability.
Posted in: FSOC

Secretary Lew Commemorates AmeriCorps Anniversary

By: Anthony Reyes
Monday, September 15, 2014

​Twenty years ago, Secretary Lew was serving as a Special Assistant to President Clinton and General Counsel of the Office of National Service when he was charged with creating and implementing a new federal initiative that would inspire young Americans to give back to their country through community service. ​
Posted in: AmeriCorps

Treasury Makes 98 Percent of Monthly Benefit Payments via Safe, Reliable Electronic Channels.

By: David A. Lebryk
Friday, September 12, 2014

​Each year, the Treasury Department disburses billions of payments, including payments to federal benefit recipients.  Millions of Americans rely on these payments, often for the most basic of needs like housing, food, and medical expenses. 
Posted in: Bureau of Fiscal Service
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