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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.

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

Building Apps and Services for Financial Empowerment

By: Nicholas Bramble and Nick Sinai
Thursday, January 17, 2013

​Treasury recently hosted a Finance Data Working Session to brainstorm new uses and applications of government data that would help empower consumers.​
Posted in: Consumer Policy

Helping Small Business Owners and Home-Based Employees Claim the Home Office Tax Deduction

By: Deputy Secretary Neal S. Wolin and SBA Administrator Karen G. Mills
Tuesday, January 15, 2013

Today, many taxpayers who qualify for the home office tax deduction are not claiming it.  The reasons often cited are that businesses and filers do not fully understand the provisions or find it too complicated to calculate the amount. That is about to change. ​
Posted in: Small Business

The Inter-American Development Bank’s Commitment to Investing in Education

By: Gustavo Arnavat
Tuesday, January 15, 2013

The importance of education in promoting economic growth is a universal concept.  At the Inter-American Development Bank (IDB), where the United States is a major shareholder, we seek to promote sustainable economic development and reduce poverty and inequality in the Latin American and Caribbean region through investments in a wide array of sectors, including education.​
Posted in: Inter-American Development Bank

Secretary Geithner Sends Debt Limit Letter to Congress

By: Matt Anderson
Monday, January 14, 2013

​Today, Secretary Geithner sent the following letter​ to Congress regarding the debt limit.​
Posted in: Debt Limit

New Treasury Public Service Announcement Warns Americans About Phone Scams

By: Richard L. Gregg
Monday, January 14, 2013

​The U.S. Department of the Treasury, in partnership with the Social Security Administration and Department of Veterans Affairs, has created a public service announcement (PSA) to help educate Americans on how to avoid becoming a victim of identity theft and fraud.​
Posted in: Fraud Prevention

A History of the Bust of Alexander Hamilton at Treasury

By: Richard Cote
Friday, January 11, 2013

Today marks the birthday of Alexander Hamilton, the country’s first Treasury Secretary.  On this occasion, I thought it would be fitting to provide some insight into one of the most intriguing art objects in the Treasury building: the plaster bust of Hamilton in the Secretary’s third floor conference room.
Posted in: Curator of the Treasury

President Obama Nominates Jacob Lew

By: Matt Compton
Thursday, January 10, 2013

Today, in an event President Obama nominated Jacob Lew -- the current White House chief of staff -- to serve as the next Treasury Secretary.
Posted in: Personnel Announcement
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