Tag: us_department_of_the_treasury
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Treasury and IRS Propose Rules to Restrict Refundable Tax Credits to Eligible Taxpayers
The Treasury and IRS have proposed new rules to limit refundable tax credits, including the EITC and Child Tax Credit, to U.S. citizens, nationals, and qualified aliens, fulfilling President Trump's pledge to prevent abuse.
Politics and GovernmentBusinessLaw EnforcementUSA US Department of the TreasuryInternal Revenue Service (IRS)Refundable Tax CreditsIllegal AliensPersonal Responsibility and Work Opportunity Reconciliation Act of 1996Donald J TrumpTax PolicyUS Treasury
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Treasury Seeks Public Comment on GENIUS Act Stablecoin Regulations
The U.S. Treasury has issued a Notice of Proposed Rulemaking for the GENIUS Act, seeking public comment on new regulations for payment stablecoins. This aims to provide clarity for licensing and market access, fostering innovation and cementing the U.S. dollar's…
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsFederal GovernmentEconomyFinancial MarketsComputers and Internet US Department of the TreasuryGENIUS ActPayment StablecoinsProposed RulemakingScott BessentDigital AssetsCryptocurrency RegulationUS Treasury
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US Treasury to Host G20 Finance Ministerial in Asheville
Secretary Scott Bessent will host the G20 Finance Ministerial in Asheville, North Carolina, from August 29 to September 1, 2026. Global finance leaders will convene to advance discussions on key economic priorities, with media credentialing open until August 24th.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyGeneral Politics Scott BessentG20 Finance MinisterialAshevilleNorth CarolinaUS Department of the TreasuryGlobal EconomyFinance MinistersUS Treasury
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Treasury Welcomes S&P Global's New Critical Mineral Reference Prices
The U.S. Treasury welcomed S&P Global's new critical mineral reference prices, enhancing market transparency for Gallium, Germanium, Tungsten, Antimony, Neodymium, and Praseodymium. This initiative aims to boost investment, strengthen supply chains, and support the Trump Administration's economic and national security…
Politics and GovernmentBusinessWorldFederal GovernmentEconomyTradeGeneral Politics US Department of the TreasuryS&P GlobalCritical MineralsMarket TransparencySupply ChainsScott BessentTrump AdministrationUS Treasury
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Treasury Unveils Redesigned CFIUS Website to Streamline Foreign Investment Reviews
The U.S. Treasury launched a redesigned CFIUS website, CFIUS.gov, featuring a pre-filing portal, risk matrix, and process guidance. This aims to modernize information access and streamline foreign investment reviews, enhancing national security and economic engagement.
Politics and GovernmentBusinessFederal GovernmentEconomyTradeComputers and Internet US Department of the TreasuryCFIUSForeign InvestmentNational SecurityScott BessentChris PilkertonGovernmentUS Treasury
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Treasury Report Finds No Currency Manipulators, Ten Nations on Monitoring List
The U.S. Treasury's latest report found no major trading partners manipulated their currency through December 2025, but ten economies, including China, remain on a monitoring list for close attention to their foreign exchange policies.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyTradeFinancial MarketsGeneral Politics US Department of the TreasuryForeign ExchangeCurrency ManipulationTrade PolicyMonitoring ListScott BessentChinaUS Treasury
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Treasury Analysis Confirms Working Families Tax Cuts Benefit Low- and Middle-Income Americans
A new Treasury analysis reveals President Trump's Working Families Tax Cuts delivered $82 billion in relief, primarily benefiting low- and middle-income Americans by preventing a $5 trillion tax hike and enhancing various deductions and credits.
Politics and GovernmentBusinessFederal GovernmentEconomyEmployment and LaborGeneral PoliticsSocial Issues Working Families Tax CutsTax ReliefAmerican FamiliesLow-Income HouseholdsMiddle-Income HouseholdsDonald J TrumpUS Department of the TreasuryUS Treasury