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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’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

Build America Investment Initiative - Expanding Opportunities to Invest in America’s Infrastructure

By: Karen Dynan
Friday, January 16, 2015

Infrastructure investment is critical to America’s continued economic success. Our nation must modernize and maintain our roads, bridges, and water-systems to help ensure that the United States remains a place for businesses to operate productively and grow, which will, in turn, create economic opportunity for hard working Americans.
Posted in: Category 1

In Case You Missed It - Secretary Lew’s Op-Ed on Wall Street Reform

By: Suzanne Elio
Monday, January 12, 2015

In an op-ed in yesterday’s edition of The Washington Post, Treasury Secretary Jacob J. Lew advises leaving Wall Street’s risky practices in the past. In the piece, Secretary Lew outlined the need to protect the financial reforms that have made our financial system safer and more resilient, and have ensured that consumers, investors and taxpayers are now protected from the types of abuses that helped cause the financial crisis.
Posted in: Dodd-Frank

SBLF Helps Lenders Increase Small Business Loans by $14 Billion

By: Jessica Milano
Thursday, January 08, 2015

​The Treasury Department released a new report this week showing that participants in the Small Business Lending Fund (SBLF) program increased small business lending nationwide by $14.3 billion, a 45 percent increase over baseline lending levels. More than 90 percent of participating community banks reported stronger small business lending as a result of the program. These increased levels of lending provide small businesses with the resources they need to start and grow their businesses and contribute to local economic growth.
Posted in: Small Business Lending Fund

Nationwide Release of the BEP’s U.S. Currency Reader Program to Help the Blind and Visually Impaired

By: Rosie Rios
Tuesday, January 06, 2015

The Department of the Treasury’s Bureau of Engraving and Printing (BEP) is now accepting and processing applications nationwide from blind or visually impaired individuals who wish to receive a currency reader to denominate U.S. currency. Under the U.S. Currency Reader Program, U.S. citizens or persons legally residing in the U.S. and its territories who are blind or visually impaired can obtain a currency reader device at no cost. The currency reader, known as the iBill® Talking Banknote Identifier, is compact in size, easy to use, and provides a response within just a few seconds. A user simply inserts a Federal Reserve note into the device, presses a button on the side, and the reader identifies the denomination. The device operates on a standard AAA battery and can read U.S. currency in circulation today. The reader can be set to indicate the note’s denomination by voice, a pattern of tones or series of vibrations.
Posted in: BEP

Recordkeeping Requirements Proposed

By: Suzanne Elio
Tuesday, January 06, 2015

​Treasury has published a notice of proposed rulemaking for Qualified Financial Contracts (QFCs) recordkeeping, which would require certain financial companies to maintain standardized records of contracts such as swap agreements and repurchase agreements. The proposed rule implements a portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) meant to support the FDIC’s orderly liquidation authority (OLA), which could be used to help prevent the failure of a complex financial company from threatening U.S. financial stability.
Posted in: Dodd-Frank

Treasury Welcomes Stakeholder Engagement on Financial Access for Money Services Businesses

By: Hagar Chemali
Tuesday, December 30, 2014

Next month, Treasury will host a roundtable to discuss issues surrounding financial access for money services business (MSBs) and to hear related feedback from industry.
Posted in: Category 1

Year In Review: The Office of Financial Research

By: Barbara Shycoff
Tuesday, December 30, 2014

The Office of Financial Research (OFR) capped a year of progress in promoting financial stability a few weeks ago by releasing its 2014 Annual Report to Congress, a publication that highlights our important work.
Posted in: Category 1
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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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