Thursday, April 9, 2009
Treasury Announces Schedule for $250 Economic Recovery Payments
Payments to begin in early May
Washington, D.C. - (April 9, 2009) - In early May, the Financial Management Service (FMS), a bureau of the U.S. Department of the Treasury, will begin to issue more than 64 million one-time $250 payments to benefit recipients. FMS has worked closely with benefits agencies -- the Social Security Administration (SSA), the Railroad Retirement Board (RRB), and the Department of Veterans Affairs (VA) -- to develop an aggressive schedule to make these payments.
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 Thursday, April 9, 2009
Treasury Calls on All Federal Beneficiaries to Sign Up for Direct Deposit by April 20th
Move Would Save Millions as American Recovery and Reinvestment Act Payments are Issued to More Than 64 Million Americans
WASHINGTON, D.C. - As America confronts the most severe financial crisis in generations, the Obama Administration remains committed to ensuring government action is administered as quickly and efficiently as possible. That is why the Treasury Department is calling on all Americans who are federal benefit recipients and still get checks in the mail to sign up for direct deposit, a small step that will help the government save millions, lessen the possibility for check fraud and benefit the environment.
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 Wednesday, March 18, 2009
Treasury Releases Recovery Act Implementation Plan to Benefit Nation's Distressed Communities Through its CDFI Fund
Underserved Communities Will Receive Additional Funds When They Need It Most
Washington, DC - Today, as the Vice President hosts local officials from across the country at the White House to discuss how funding made available through the American Recovery and Reinvestment Act (Recovery Act) will support new economic growth in America's urban, suburban, and rural communities, the Treasury Department's Community Development Financial Institutions (CDFI) Fund is releasing its implementation plan to award nearly $100 million in grants and $3 billion in additional tax credit authority to support community-based financial institutions. These awards, made available through the Recovery Act, will support loan funds, credit unions, banks, venture capital firms and other financing entities in serving our nation's most underserved populations and communities. The CDFI Fund has a vital role in promoting the new economic growth efforts that the Vice President will be discussing.
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 Wednesday, February 25, 2009
Treasury Department Touts Expanded Tax Credit for First-Time Homebuyers
Credit Offers Up to $8,000 to Qualifying Taxpayers Now
Latest Move in Swift Implementation of Administration's Recovery, Stability, Affordability Plans
Washington, DC - In an ongoing effort to deliver on swift implementation of the Obama Administration's recovery, stability and affordability plans, the U.S. Department of the Treasury touted today the availability of an expanded tax break for first-time homebuyers - a provision under the American Recovery and Reinvestment Act of 2009 that will make up to $8,000 available now to qualifying taxpayers who buy homes this year.
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 Saturday, February 21, 2009
Treasury Department Directs Employers to Boost Paychecks of Working Americans
Secretary Geithner Praises IRS, Treasury Staff for Quick Action to Implement President's Recovery Agenda
Washington, DC - Four days after President Barack Obama signed the American Recovery and Reinvestment Act into law, the U.S. Department of the Treasury today began directing employers to reduce the amount of taxes withheld from the paychecks of millions of American workers - a step unprecedented in its speed and scope.
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