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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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Business Leaders Express Support for the President’s Approach to Reducing Our Deficits

By: Anthony Reyes
Friday, November 30, 2012

​U.S. business leaders continue to echo the President’s call for a balanced approach to reducing our deficits and growing our economy.​
Posted in: Fiscal Policy

Limiting Tax Deductions: The Reality of the Math

By: Gene Sperling and Jason Furman
Thursday, November 29, 2012

In his Budget, the President proposes to raise $1.56 trillion in revenue from high-income households, including $1 trillion from the expiration of the Bush high-income and estate tax cuts and additional revenue from limiting tax expenditures for high-income households as a part of reforming the tax system to make it simpler, fairer and more efficient. ​
Posted in: Tax Policy

Treasury Awards $18 Million to Institutions Serving Economically Distressed Communities

By: Kimberly Beauman
Wednesday, November 28, 2012

Yesterday, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) provided 59 FDIC-insured depository institutions with awards for serving economically distressed communities across the nation that totaled nearly $18 million.
Posted in: Community Development Financial Institutions Fund

Five Questions on the FSOC’s Proposed Recommendations for Money Market Mutual Fund Reform

By: Amias Gerety
Tuesday, November 27, 2012

​Earlier this month, the Financial Stability Oversight Council (the Council) voted unanimously to advance proposed recommendations for money market mutual fund (MMF) reform for public comment.  Here are five frequently asked questions about MMFs​.
Posted in: Financial Stability Oversight Council

Increasing Taxes on Middle-Class Families Will Hurt Consumer Spending

By: Jason Furman
Monday, November 26, 2012

​Today, as we move into the holiday shopping season, the National Economic Council and the Council of Economic Advisers released a report called The Middle-Class Tax Cuts’ Impact on Consumer Spending and Retailers. This report provides new analysis on the impact to retailers and consumer spending if Congress fails to act to avoid taxes going up on 98 percent of Americans at the end of the year.
Posted in: Tax Policy

Shop Small on Saturday, November 24th 2012

By: Karen Mills
Wednesday, November 21, 2012

​In between the Black Friday sales and the Cyber Monday deals is Small Business Saturday (November 24th) – a day set aside to support the small businesses that play a vital role in creating jobs and economic opportunities all across the country.​
Posted in: Small Business

Tune In Tonight: Secretary Geithner On Bloomberg TV

By: Anthony Reyes
Friday, November 16, 2012

​In a television interview airing tonight at 9 pm ET on Bloomberg TV's Political Capital with Al Hunt, Secretary Geithner talked about the President’s plan to reduce the deficit and strengthen the economy.
Posted in: Media Appearances

Importance of Cooperation with the Financial Industry to Combat Money Laundering

By: Anthony Reyes
Thursday, November 15, 2012

​Earlier this week, Under Secretary for Terrorism and Financial Intelligence David Cohen delivered remarks at the 24th annual Money Laundering Enforcement Conference in Washington, DC, where he discussed ongoing efforts by the U.S. Department of the Treasury to combat illicit finance and support the national security objectives of the United States.
Posted in: Terrorism and Financial Intelligence

The Path to Improving Mortgage Industry Communication with Struggling Homeowners

By: Timothy G. Massad
Wednesday, November 14, 2012

​Today the U.S. Department of the Treasury is releasing a special report called “Making Contact: The Path to Improving Mortgage Industry Communication with Homeowners” that details the steps Treasury and other federal agencies took  to get the mortgage industry to improve customer service in the Federal government’s Making Home Affordable Program.
Posted in: Financial Stability

In Case You Missed It: Secretary Geithner at the Wall Street Journal CEO Council

By: Anthony Reyes
Wednesday, November 14, 2012

​Secretary Geithner participated in a discussion moderated by the Wall Street Journal's Economics Editor David Wessel at the Wall Street Journal CEO Council in Washington, DC. Watch the full video on Treasury Notes.
Posted in: Media Appearances
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