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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.

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

National Consumer Protection Week 2016 - Financial Inclusion Budget Items

By: Melissa Koide
Thursday, March 10, 2016

This week marks National Consumer Protection Week. Treasury joins the Federal Trade Commission and many other organizations in highlighting the importance of protecting Americans from bad products and making sure they have the resources, tools, and skills to navigate the increasingly complex financial services sector.  ​
Posted in: Financial Inclusion

The Story of the Freedman’s Bank

By: Lorraine Cole
Monday, February 29, 2016

​​The U.S. Treasury Department recently marked the 150th anniversary of the Freedman’s Savings and Trust Company by naming the Treasury Annex building as the Freedman’s Bank Building. The following video shares the story of this important institution, which remains a significant part of American history.
Posted in: Freedman's Bank

Treasury Issues Fiscal Year 2015 U.S. Government Financial Report

By: Dan Cruz
Thursday, February 25, 2016

Today, Secretary Lew submitted the Fiscal Year 2015 Financial Report of the U.S. Government to the President and Congress. This report is prepared by the U.S. Treasury Department in collaboration with the Office of Management and Budget, and it is largely compiled from financial results reported by over 150 federal government entities and provides a picture of the nation’s finances.
Posted in: U.S. Financial Report

America Saves Week

By: Karen Dynan
Thursday, February 25, 2016

During America Saves Week, the Treasury Department is taking the opportunity to highlight the vital role that saving plays in our economy. Having sufficient savings is important both for the economic security of individual households and for the long-run performance of our economy. For families, having more savings can help them cope with unforeseen circumstances, such as unexpected healthcare costs or sudden layoffs. It also provides them with more opportunities. Having more financial resources means they are better able to pay for college, buy a car, start a business, or put a down payment on a home. Finally, saving plays an important part in retirement security, and along with Social Security and private pension income in retirement, can help families enjoy a better standard of living when they are older.
Posted in: Category 1

A New, FAIR Approach to Infrastructure Investment

By: Meaghan Muldoon
Thursday, February 25, 2016

In a speech this week at the Infrastructure Investors Forum, I had the opportunity to discuss proposals put forth by Treasury and the Administration for increasing investment in public infrastructure, and to highlight a series of recent accomplishments—including both executive actions and successful legislation—that have helped to create more opportunity for public and private investment.
Posted in: Category 1

We Must Avoid Another Lost Decade in Puerto Rico

By: Tara Watson
Wednesday, February 24, 2016

Puerto Rico’s fiscal crisis follows years of economic deterioration on the Island.  The contraction in the economy has been longer and more severe than what the mainland experienced during the Great Recession and has imposed severe hardship on the 3.5 million American citizens living in Puerto Rico.  And there are few signs of recovery.
Posted in: Puerto Rico
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