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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.

The Iran Deal and Sanctions

By: Betsy Bourassa
Wednesday, November 25, 2015

We are currently in an important preparatory phase of the Joint Comprehensive Plan of Action (JCPOA), as Iran, the EU, and the P5+1 move to implement key commitments.
Posted in: Iran

Covered Agreement 101: Five Questions with FIO Director Michael McRaith

By: Michael McRaith
Friday, November 20, 2015

​Today, Treasury’s Federal Insurance Office (FIO) and the Office of the U.S. Trade Representative (USTR) announced the intention to negotiate a “covered agreement” with the European Union (EU).  ​
Posted in: Covered Agreement

Help Treasury Reinvent

By: David Lebryk
Tuesday, November 10, 2015

Today the U.S. Treasury Department and the Center for Open Data Enterprise co-hosted an open data roundtable meeting to explore opportunities to increase public access and the usability of federal spending data.​
Posted in: DATA Act

The Administration’s Roadmap for Puerto Rico: Diverse Voices Supporting a Balanced Proposal

By: Daniel Watson
Tuesday, November 03, 2015

Puerto Rico and the 3.5 million Americans living there are in the midst of an economic and fiscal crisis. The Administration has worked extensively with Puerto Rican officials to find solutions to the Commonwealth’s fiscal crisis, bringing the full capabilities of the Executive branch to bear in providing assistance to speed Puerto Rico’s economic recovery. 
Posted in: Puerto Rico

Puerto Rico Needs Access to Bankruptcy Protection

By: Kent Hiteshew
Tuesday, November 03, 2015

The Obama Administration recently released a package of legislative proposals to comprehensively address Puerto Rico's well-documented fiscal and economic crisis.
Posted in: Puerto Rico

A Closer Look at the Evolving Nature of Financial Markets

By: Rob Friedlander
Wednesday, October 21, 2015

During a speech ​this morning at the 2015 Risk USA Conference in New York, Patrick Pinschmidt – Deputy Assistant Secretary for the Financial Stability Oversight Council (FSOC) – discussed the critically important topics of market structure and financial stability. 
Posted in: Financial Stability Oversight Council

There is Only One Solution to the Debt Limit

By: Daniel Watson
Friday, October 16, 2015

Seven months ago, the outstanding debt of the United States reached the statutory limit set by Congress.  Since then, the Treasury Department has been using extraordinary measures to continue to finance the government on a temporary basis.  That’s because only Congress can raise the debt limit.  Raising the debt limit does not increase spending or authorize new spending – it simply allows the government to pay its bills.
Posted in: Debt Limit

We Received Central States’ Pension Benefit Reduction Application – Now We Need Your Input

By: Kenneth Feinberg
Thursday, October 15, 2015

In the Kline-Miller Multiemployer Pension Reform Act of 2014, Congress established a new process for certain multiemployer pension plans to propose a temporary or permanent reduction of pension benefits if the plan is projected to run out of money. Under the law, a multiemployer pension plan sponsor that believes benefit reductions are needed must submit an application to the Treasury Department showing that reductions are necessary to keep the plan from running out of money. The law requires the Treasury Department to approve an application if it meets the conditions established by Kline-Miller.
Posted in: Kline-Miller Multiemployer Pension Reform Act

Treasury Sends Debt Limit Letter to Congress

By: Daniel Watson
Thursday, October 15, 2015

Today, Secretary Lew sent the following letter​ to Congress regarding the debt limit.
Posted in: Debt Limit

Daily Debt Subject to the Limit Report

By: Daniel Watson
Friday, October 09, 2015

Treasury recently estimated that it is likely to exhaust extraordinary measures related to the debt limit on or about Thursday, November 5. As previously noted, recent receipts were lower than previously projected, and trust fund investments were higher than projected – resulting in a net decrease of resources available to the United States government.
Posted in: Debt Limit
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