By: Robert B. Stack
Wednesday, August 24, 2016
Over the last several months, Treasury Secretary Jacob J. Lew and his staff have engaged extensively with the European Commission to express our concerns related to its State aid investigations. Secretary Lew wrote to Commission President Jean-Claude Juncker in February urging the Commission to reconsider these new actions while reaffirming our commitment to continued collaboration through the BEPS project.
Posted in: Tax
By: James Clark and Tom Katzenbach
Friday, August 12, 2016
This post explores some of the ways in which the Treasury repo market, both in the tri-party and the bilateral segments, has changed over the past several years, including: (1) the volume of market activity, (2) the relative price of repo, and (3) direct repo trading without a dealer intermediary. Although this market has undergone a variety of changes since the financial crisis, the Treasury repo market continues to function well.
Posted in: Fixed Income
By: Mark J. Mazur
Tuesday, August 02, 2016
Today, the U.S. Department of the Treasury announced a new regulatory proposal to close a tax loophole that certain taxpayers have long used to understate the fair market value of their assets for estate and gift tax purposes.
Posted in: Tax Policy
By: Rob Friedlander
Thursday, July 21, 2016
Six years ago, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law—the most comprehensive, far-reaching set of reforms to our financial system since the Great Depression. Today, our economy is back on track, growth has returned, and our financial system is safer because of these historic reforms.
Posted in: Dodd Frank
By: Dan Cruz
Friday, July 15, 2016
SSBCI and SBLF programs provide small business owners with greater
access to loans and investments throughout the country, and today Treasury is
issuing two new reports that measure the progress of these programs.
Posted in: Small Business
By: Jake Liebschutz and Brian Smith
Thursday, July 07, 2016
The corporate bond market, in contrast to the Treasury market discussed previously in this series, is highly diverse with tens of thousands of distinct securities. Accordingly, liquidity differs in the corporate bond market. While certain bonds trade frequently, many rarely trade.
Posted in: Fixed Income
By: David Lebryk
Friday, July 01, 2016
Today, Treasury’s Bureau of the Fiscal Service (Fiscal) is releasing a report on the first year of a its pilot program with the Department of Education’s Office of Federal Student Aid (FSA) launched last year to learn more about the way the government collects on defaulted student loans.
Posted in: Student Loan
By: Larry McDonald
Wednesday, June 29, 2016
While domestic resource mobilization often focuses on increasing tax collections, the development of sovereign debt markets, which constitute the foundation for broader financial market development, is equally important.
Posted in: Domestic Resources
By: Daniel Watson
Monday, June 27, 2016
Puerto Rico is in crisis, and its only hope for recovery and growth is legislation that authorizes the tools necessary for better fiscal management and a sustainable level of debt. Early in June, the House passed a compromise bill, with an overwhelming bipartisan vote, that will give Puerto Rico the tools to recover without any federal spending. The Senate should take up the matter immediately. Delay will only jeopardize the ability of Congress to conclude its work before July 1, a critical deadline Puerto Rico’s leadership has publicly highlighted for months.
Posted in: Category 1
By: Christopher Adams
Monday, June 13, 2016
At its annual meeting June 6-7, the United States secured new commitments from China across a range of economic policy areas, including macroeconomic policy, trade and investment, financial regulation, and global economic governance.
Posted in: S&ED