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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.

New Perspectives on Financial Capability Released and Discussed at FLEC Meeting

By: Louisa Quittman
Wednesday, November 23, 2016

This month, the Department of the Treasury hosted the last public meeting of the year of the Financial Literacy Education Commission (FLEC). At the meeting, the FLEC, chaired by Secretary Lew, added the Department of the Interior as its newest member to build connections that support financial education for Native Americans and their communities.  Department of Interior Secretary Jewell was represented by Special Trustee for American Indians Vincent Logan.
Posted in: FLEC

Letter from Secretary Lew to the Puerto Rico Financial Oversight and Management Board

By: Dan Watson
Friday, November 18, 2016

This week, ​Secretary Lew sent the following letter to the Puerto Rico Financial Oversight and Management Board regarding Puerto Rico's fiscal and economic crisis.
Posted in: Puerto Rico

Making Progress on the DATA Act Implementation the First Government-wide Agile Project

By: David Lebryk and Christina Ho
Wednesday, November 16, 2016

Treasury has been working on the implementation of the Digital Accountability and Transparency Act of 2014, better known as the DATA Act, for more than two years. Recently we held a meeting with leaders from across the Federal government to look back at the good work that’s been done, the process ahead and best practices from leading agencies.
Posted in: DATA Act

The Sixth Counter ISIL Finance Meeting Convenes in Kuwait

By: Daniel L. Glaser
Wednesday, October 26, 2016

​This Monday in Kuwait, we concluded the sixth meeting of the Counter ISIL Finance Group (CIFG). The CIFG, which the United States co-chairs with Italy and Saudi Arabia, was established in January 2015 as one of the five working groups within the Global Coalition to Counter ISIL, a broad international group formed to degrade and ultimately defeat ISIL. 
Posted in: ISIL

Labor Market Transitions of Young Adults

By: Tara Watson
Thursday, October 20, 2016

This brief focuses on changes in how young adults are transitioning into the labor market.  What happens to them once they leave school?  How much do they earn?  How long are they unemployed or entirely out of the labor force?  Have those trends changed over time?
Posted in: US Treasury Economic Security Issue 2

Recognizing National Retirement Security Week (Oct. 16-22)

By: Richard Ludlow
Tuesday, October 18, 2016

This week, we mark National Retirement Security Week – a time to focus on what Americans can be doing to ensure they have a secure nest egg when they retire.
Making the right savings decisions today will pay off in the future. And adequate retirement savings are vital not only for the financial futures of individual households, but also for the health of the economy as a whole.  
Posted in: myRA

Lessons Learned from Transparency in Corporate Bonds and Swaps

By: James Clark and Brian Smith
Monday, October 17, 2016

As noted in the Request for Information on the Evolution of the Treasury Market Structure issued earlier this year, Treasury is considering the potential benefits and costs of additional public transparency in the Treasury market.  While we recognize the Treasury market is unique in ways that could affect the applicability of experience from other markets, we are reviewing lessons learned from the introduction or enhancement of transparency in other markets as one part of our comprehensive assessment. This post evaluates experience with public transparency in the corporate bond and swaps markets.
Posted in: Fixed income markets

Treasury Issues New Small Business Program Evaluations

By: Jessica Milano
Thursday, October 13, 2016

​Treasury today issued program evaluation reports for the State Small Business Credit Initiative (SSBCI) and the Small Business Lending Fund (SBLF) detailing how the programs have provided critical resources to small businesses and communities across the country and helped strengthen the economy at the local level. ​
Posted in: State Small Business Credit Initiative

Helping Countries Strengthen their AML/CFT and Prudential Regimes

By: Larry McDonald and Michael Pisa
Thursday, October 06, 2016

As finance officials from around the world gather in Washington for the annual meetings of the International Monetary Fund (IMF) and World Bank, facilitating continued access to the global financial system, including through correspondent banking relationships, remains an issue of shared interest. 
Posted in:

Culture of Compliance and Casinos

By: Jamal El-Hindi
Monday, October 03, 2016

To fight money laundering effectively, an organization must have trained individuals at every level and provide those individuals with the proper resources and systems needed to carry out their compliance duties.  Perhaps most importantly, compliance staff need support from the leaders of their organizations. 
Posted in: FinCEN
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