The U.S. Department of the Treasury has announced the approval of up to $83 million in State Small Business Credit Initiative (SSBCI) funds for a consortium of 125 Alaska Tribes. This investment, funded by the Biden-Harris Administration’s American Rescue Plan (ARP), supports the largest Tribal SSBCI consortium in history and aims to drive economic growth among Alaska's Tribal communities.
The Cleveland Federal Reserve has released a new report suggesting that the Inflation Reduction Act (IRA) and the CHIPS and Science Act, both passed in August 2022, could potentially narrow the education earnings gap in areas where new manufacturing plants are being built. This potential outcome is based on observations from the US shale boom.
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced today that New Mexico will join IRS Direct File for Filing Season 2025. This initiative, made possible by President Biden’s Inflation Reduction Act, aims to enhance customer service and ensure taxpayers claim eligible benefits and deductions.
The U.S. Department of the Treasury released detailed results today from auctions held between June 3 and June 13, 2024, to sell its warrants for purchasing common stock in 11 publicly traded airlines. On June 21, 2024, Treasury announced it had received $556,685,001 in aggregate proceeds from these auctions.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals and four companies involved in weapons procurement for Ansarallah, commonly known as the Houthis. Since November 2023, the Houthis have used unmanned aerial vehicles (UAVs), ballistic missiles, and cruise missiles to attack U.S. military forces, merchant vessels, their crews, and civilian populations in Israel. The group relies on a global network to procure and transport dual-use components needed for advanced weapons systems.
The U.S. Department of the Treasury has announced the offering of $125 billion in Treasury securities to refund approximately $111 billion of privately-held Treasury notes maturing on August 15, 2024. This issuance will raise new cash from private investors amounting to roughly $14 billion.
The Treasury Borrowing Advisory Committee convened in a closed session at the Department of the Treasury on July 30, 2024. All members were present, along with Veronica Clark from Citigroup to assist the Committee Chair. Under Secretary for Domestic Finance Nellie Liang, Fiscal Assistant Secretary David Lebryk, Assistant Secretary for Financial Markets Josh Frost, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office of Debt Management Tom Katzenbach welcomed the Committee....
The National Credit Union Administration (NCUA) has permanently prohibited two individuals from participating in the affairs of any federally insured depository institution as of July 2024.
The U.S. Department of the Treasury and Internal Revenue Service (IRS) announced today that Pennsylvania will join IRS Direct File for Filing Season 2025. This initiative, enabled by President Biden’s Inflation Reduction Act, aims to improve customer service across various platforms to ensure taxpayers claim all eligible benefits and deductions.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated five individuals and seven entities based in Iran, the People’s Republic of China (PRC), and Hong Kong for facilitating procurements on behalf of subordinates of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL). These designations involve components such as accelerometers and gyroscopes essential to Iran’s ballistic missile and unmanned aerial vehicle (UAV) programs.
The U.S. Department of the Treasury announced its current estimates of privately-held net marketable borrowing for the July-September 2024 and October-December 2024 quarters.
On July 12, Tammy Hornsby-Fink, the Federal Reserve System's chief information security officer (CISO), received the first-ever ORBIE® award in the CISO Public Sector category.
BELÉM - At a roundtable in Belém, the gateway to the Amazon, Secretary of the Treasury Janet L. Yellen announced the Amazon Region Initiative Against Illicit Finance to combat nature crimes. This partnership involves the Amazon basin countries of Brazil, Colombia, Ecuador, Guyana, Peru, and Suriname. The initiative aims to leverage U.S. expertise and resources alongside regional partners to address the financing of nature crimes and counter transnational criminal organizations.
Thank you, President Goldfajn, for convening this roundtable, and thank you all for joining. I am glad that we have been able to gather this group here today to discuss how businesses can support sustainable livelihoods and conservation in the Amazon and nature and biodiversity more broadly.
