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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.

Targeting Tax and Sanctions Evasion, Money Laundering, and Other Illicit Activities

By: Josh Drobnyk
Wednesday, April 13, 2016

The concerns over tax and sanctions evasion raised by last week’s release of the so-called Panama Papers underscore the importance of a much broader set of issues that Treasury has been working to address for many years – both on our own and alongside international partners.
Posted in: Category 1

Financial Literacy and Education Commission Seeks Public Comments on National Strategy

By: Louisa Quittman
Tuesday, April 12, 2016

​The Financial Literacy and Education Commission is seeking public comments on the National Strategy for Financial Literacy as it updates the 2011 National Strategy, titled Promoting Financial Success in the United States.
Posted in: Financial Literacy and Education Commission

Recap of the U.S.-Caribbean Public-Private Dialogue on Correspondent Banking

By: Sarah Runge
Monday, April 11, 2016

Some take for granted the importance of foreign economies having access to the U.S. financial system. For the nations of the Caribbean region, access to U.S. correspondent banking relationships are essential to local economies, including paying for imported goods, processing credit cards of tourists, exchanging currencies, and receiving remittances from friends and families living in the United States and abroad.
Posted in: Correspondent Banking

Treasury’s Work to Address Corporate Inversions. The Facts

By: Rachel McCleery
Wednesday, April 06, 2016

On Monday April 4, Treasury announced our third action to address the problem of corporate inversions. Monday’s action was an important step, but it is part of a long, thoughtful process that Treasury has conducted over the last two years.
Posted in: Category 1

The Economic Effects of Non-compete Agreements

By: Karen Dynan
Thursday, March 31, 2016

Having the freedom to work at a job that best fits one’s skills is a key way in which people can develop their careers and earn the highest wages possible.  Institutions that limit workers’ opportunities therefore deserve very careful scrutiny.  “Non-compete” agreements, which restrict how long a worker leaving a firm must wait before joining a competing firm, are one such institution. 
Posted in: Category 1

Helping Women Achieve Retirement Security

By: Tara Watson
Tuesday, March 29, 2016

​Research shows that women are less financially well prepared for retirement. For women who haven’t started saving for retirement, myRA could be a great option to get started on the path to retirement security.
Posted in: myRA

Treasury and the DATA Act, Full of Sunshine

By: Becky Sweger
Tuesday, March 15, 2016

To celebrate Sunshine Week, we’re highlighting some groundbreaking open government work by the Department of the Treasury, one of 18F’s partner agencies.

Posted in: DATA Act

Listening to Retiree Voices on Proposed Pension Cuts

By: Kenneth Feinberg
Monday, March 14, 2016

In addition to two public hearings in Washington on Treasury’s regulations related to the Kline-Miller law, I’ve also been on the road to meet with retirees in their home towns. We’ve held public sessions on the Central States application in Columbus, Milwaukee, Greensboro, Peoria, Indianapolis, Detroit, Minneapolis, and Kansas City.
Posted in: Category 1

A Closer Look at Under Secretary Sheets’s Remarks at the Institute of International Bankers

By: Robert Sockin
Monday, March 14, 2016

During an event hosted by the Institute of International Bankers, U.S. Treasury Under Secretary Nathan Sheets gave remarks that discussed the G-20s financial regulatory agenda as well as Treasury’s work monitoring and addressing risks in the areas of market liquidity, financial inclusion, and de-risking.
Posted in: International Affairs

An Innovation Box Would be a Bad Innovation for American Tax Policy

By: Mark Mazur
Friday, March 11, 2016

The notion of creating a new tax preference for income derived from intellectual property has received a lot of attention in the tax policy community. 
Posted in: Tax Policy
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