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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.

Assistant Secretary Eberly Discusses Economics of Higher Education at MIT

By: Anthony Reyes
Thursday, February 14, 2013

During his State of the Union address earlier this week, President Obama pointed out how "it’s a simple fact the more education you’ve got, the more likely you are to have a good job and work your way into the middle class." Assistant Secretary for Economic Policy and Chief Economist Dr. Janice Eberly echoed this same notion a few days before by traveling to the Massachusetts Institute of Technology (MIT) campus in Boston to participate in a forum discussing the "Economics of Higher Education."
Posted in: Economic Policy

Consumer.Data.Gov is Live!

By: Sophie Raseman and Nick Sinai
Monday, February 11, 2013

​Today, the Obama Administration launched the Smart Disclosure Data Community at www.Consumer.Data.gov, an important step to empower Americans with the data and tools they need to make more informed choices in the marketplace.​
Posted in: Consumer Policy

What Others Are Saying About The IRS Crackdown On Identity Theft

By: Anthony Reyes
Friday, February 08, 2013

​The Internal Revenue Service (IRS) recently announced the results of a massive national sweep targeting hundreds of identity theft suspects.
Posted in: Internal Revenue Service

An Economic “Bounce” – The Success of SSBCI and JumpTime Idaho

By: Clifton Kellogg
Monday, February 04, 2013

Small business owners face disproportionate challenges in the aftermath of the recession and credit crisis, including difficulty accessing capital.  Treasury’s State Small Business Credit Initiative (SSBCI)—a critical component of the President’s Small Business Jobs Act—helps to unlock credit for small businesses.
Posted in: Small Business

Travels To Mexico Deepen Economic Relations

By: Charles Collyns
Thursday, January 31, 2013

​A group of officials representing four government agencies traveled to Mexico to demonstrate a joint commitment to work together to achieve the vision that President Obama and President Peña Nieto expressed when they met last year: to build and deepen the economic cooperation between the two governments. Assistant Secretary for International Finance Charles Collyns writes about his trip.
Posted in: International Affairs

Fact Sheet on Proposed Affordable Care Act Regulations

By: Anthony Reyes
Wednesday, January 30, 2013

​Here is a joint fact sheet from the Treasury and Health and Human Services Departments on two sets of proposed regulations released today that implement key provisions of the Affordable Care Act.
Posted in: Affordable Care Act

75 Facts About the 75th Secretary of the Treasury

By: Anthony Reyes
Friday, January 25, 2013

Four years ago, Tim Geithner was confirmed as the 75th Secretary of the Treasury amidst the worst financial crisis since the Great Depression and an economy on the verge of collapse. While there is more work that remains to be done, four years later, he leaves office with a growing economy that continues to strengthen and a safer financial system becoming more resilient each day. Here are 75 facts about the Secretary and his tenure.
Posted in: History

VIDEO: Tomorrow Treasury Hosts Its 81st Outreach Event to Help Struggling Atlanta Homeowners

By: Andrea Risotto
Thursday, January 24, 2013

​In this video, Alvina McHale, former Director of Marketing for Treasury’s Homeownership Preservation Office, offers advice for struggling homeowners and speaks about the benefits of attending one of the free mortgage assistance events.​
Posted in: Making Home Affordable

Winding Down TARP: A Progress Report

By: Timothy G. Massad
Wednesday, January 23, 2013

​In 2012, Treasury continued making significant progress winding down TARP – collecting nearly $70 billion in additional repayments and other income. Indeed, during the last year, we saw a number of important milestones, including the sale of our final shares of AIG common stock, Treasury’s announcement that it intends to exit its remaining investment in General Motors within the next 12-15 months (subject to market conditions), and other key transactions.​
Posted in: Financial Stability

What Others Are Saying About The Simplified Home Office Tax Deduction

By: Anthony Reyes
Friday, January 18, 2013

​Earlier this week, the Internal Revenue Service (IRS) announced a new simplified option that many owners of home-based businesses and some home-based workers will be able to use to calculate their home office tax deduction. People around the country are voicing their support for this change and how it will benefit small businesses.​
Posted in: Tax Policy
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