By: Tim Massad
Friday, January 27, 2012
Today, the Administration announced important enhancements to the Making Home Affordable Program, including the Home Affordable Modification Program (HAMP), to expand the reach of the program to help additional homeowners stay in their homes and strengthen hard-hit communities. These enhancements will provide additional relief to struggling homeowners, renters, and their neighborhoods to accelerate the housing market recovery and improve our overall economy.
Posted in: Making Home Affordable
By: Neal S. Wolin
Wednesday, January 25, 2012
This month, I visited two of America’s important allies in Asia, traveling to Thailand and the Philippines to affirm our partnerships, discuss economic challenges, and encourage each country to continue implementing key reforms to strengthen regional stability and global growth.
Posted in: International
By: Erika Gudmundson
Wednesday, January 25, 2012
On the heels of the President’s State of the Union last
night, right now Treasury Secretary Tim Geithner is on his way to
Charlotte, North Carolina where today he’ll visit Siemens Charlotte
Energy Hub to highlight the importance of investing in manufacturing and
innovative technologies to create jobs and build a stronger American economy.
Posted in:
By: Kori Schulman
Monday, January 23, 2012
Tomorrow, President Obama will deliver his State of the Union address.
He will lay out his vision for a nation where hard work and
responsibility are rewarded, where everyone does their fair share, and
where everyone is held accountable for their actions. Starting
immediately after the speech, the White House will be using social media
and other online resources to answer questions from the American public
and respond to your ideas about rebuilding America.
Posted in: White House
By: Kara Alaimo
Thursday, January 19, 2012
Last Wednesday, Deputy Secretary Wolin and U.S. Treasury officials visited a kiosk in the Kamuning neighborhood of Quezon City in the Philippines, where we observed local residents and vendors in the public market access banking services - despite the fact that there is not a single ATM or bank branch in the neighborhood. Instead, at the kiosk, Filipinos use a mobile phone to deposit, withdraw and transfer funds and access micro loans and insurance.
Posted in: International
By: Dessa Glasser
Thursday, January 19, 2012
Key international regulators and policymakers have taken another step forward in the global initiative to increase transparency in financial transactions. The Financial Stability Board (FSB) recently announced progress in making the global financial system more transparent and less vulnerable to excessive risk-taking through the creation of a Legal Entity Identifier (LEI) Expert Group.
Posted in: Office of Financial Research, Wall Street Reform
By: Dr. Jan Eberly
Wednesday, January 18, 2012
Last August, the President signed into law the Budget Control Act (BCA) of 2011, which locked in roughly $2.1 trillion in deficit reduction – nearly $1 trillion from spending cuts starting in FY2012 and an additional $1.2 trillion in deficit reduction beginning no later than January 2013.
Posted in: Debt Limit, Economic Policy
By: Dan Tangherlini
Monday, January 16, 2012
On Friday, at the request of Treasury Secretary Geithner, I attended an event hosted by the President in the East Room of the White House. The President announced his next Reforming Government initiative by calling on Congress to reinstate the authority that past Presidents had to reorganize government. He also laid out his first proposed use of that authority consolidating six agencies into one more efficient department to promote competitiveness, exports and American business.
Posted in: Management
By: Anthony Coley
Wednesday, January 11, 2012
Since the middle of 2010, the Treasury Department and independent regulators have been working to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act – historic reforms that will make our financial system stronger, more transparent, and less vulnerable to excessive risk-taking.
Posted in: Wall Street Reform
By: Jonathan Sokobin
Wednesday, January 11, 2012
The Dodd-Frank Act created the Office of Financial Research (OFR) because policymakers and the public need better data and analysis to help them assess and respond to threats to financial stability. With that goal in mind, the OFR is launching a Working Paper Series that will make available the OFR’s work on the analytics and measurement of such threats in depth. Today, we release our first Working Paper --“A Survey of Systemic Risk Analytics,” by Dimitrios Bisias (MIT), Mark Flood (OFR), Andrew W. Lo (MIT), and Stavros Valavanis (MIT).
Posted in: Wall Street Reform, Office of FInancial Research
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