By: Aaron Klein
Monday, April 30, 2012
Last week, Treasury Secretary Tim Geithner traveled to Portland, Oregon to visit Oregon Iron Works, where he saw first-hand the resurgence of American manufacturing and how investing in infrastructure creates American jobs. Oregon Iron Works is a privately held small business that got its start in 1944 and builds products ranging from complex bridges to streetcars. Today it has grown to employ more than 400 workers with more than $100 million in annual sales. Through its United Streetcar division, Oregon Iron Works brought the manufacturing of streetcars back to the United States for the first time in 60 years and is producing streetcars for Portland and Tucson, Arizona, and just won a bid to produce streetcars for Washington, DC.
Posted in: Manufacturing, Infrastructure, Budget
By: Erika Gudmundson
Friday, April 27, 2012
Treasury Secretary Tim Geithner was in San Francisco, California to meet with local business leaders and deliver remarks on the U.S. and global economies at the Commonwealth Club. In his remarks, the Secretary discussed the U.S.-China economic relationship in advance of the fourth round of the U.S.-China Strategic and Economic Dialogue (S&ED), which will take place in Beijing next week.
Posted in: International, Strategic and Economic Dialogue
By: Nani Coloretti
Friday, April 27, 2012
Most people who come to the Treasury Department are old enough to file their own taxes. But for the 20th year of the Take our Daughters and Sons to Work program, we welcomed the children of our employees to Treasury to learn more about the work their mothers and fathers do.
Posted in: History, Management
By: Erika Gudmundson
Thursday, April 26, 2012
Treasury Secretary Tim Geithner appeared yesterday on CNBC’s Closing Bell for a wide-ranging discussion on the economy. During the interview, he was asked whether the prospect of higher taxes and increased regulation under Wall Street Reform play any role in hindering an economic recovery.
Posted in: Category 1
By: Kara Alaimo
Wednesday, April 25, 2012
U.S. Under Secretary of the Treasury for International Affairs Lael Brainard and Brazil Ministerio da Fazenda Secretary for International Affairs Carlos Marcio Cozendey participated in a dialogue at the U.S. Treasury this week in an effort to expand cooperation between the United States and Brazil on infrastructure finance. As part of the discussions, senior U.S. and Brazilian policymakers, academic experts, and representatives from development finance institutions discussed best practices for mobilizing private sector capital to finance infrastructure investments and how U.S. companies and investors can play a role in and benefit from Brazil’s ambitious infrastructure development goals.
Posted in: International
By: Marisa Lago
Friday, April 20, 2012
Secretary Geithner said in March 2011 that “promoting peace, security, and stability around the world requires tackling critical, long-term drivers of volatility and conflict: food security, environmental degradation, and climate change.” The Treasury Department continues to support and build on our investment in the Global Agriculture and Food Security Program (GAFSP), an innovative U.S. initiative endorsed by the G-20 that makes long-term investments in the agricultural sectors of the poorest countries. In Africa, where farmers are already seeing the effects of climate change, investments like those funded by GAFSP are crucial to improving productivity while preserving land and water resources.
Posted in: International
By: Nani Coloretti
Friday, April 20, 2012
For over 40 years, we have observed Earth Day on April 22 to raise awareness about our environment and the responsibility we all have to protect the natural resources upon which generations of Americans have depended. If we all do our small parts to preserve and conserve—whether it’s turning off a computer, monitor, or light when not in use; reducing, reusing, and recycling at our homes and offices; or even combining errands to conserve fuel—we can yield significant results as a country.
Posted in: Management
By: Erika Gudmundson
Wednesday, April 18, 2012
Yesterday, Treasury Secretary Timothy Geithner sent a letter to House Financial Services Committee Chairman Spencer Bachus and Ranking Member Barney Frank warning against proposed legislation that would significantly weaken and repeal vital Wall Street reforms.
Posted in: Category 1
By: Erika Gudmundson
Tuesday, April 17, 2012
Today is Tax Day—the last day to file your taxes. Whether you’ve already filed or you’re still working on your taxes, there are several resources at your disposal from the White House and the Internal Revenue Service.
Posted in: IRS
By: Erika Gudmundson
Monday, April 16, 2012
Yesterday morning, Treasury Secretary Tim Geithner was on CBS' Face the Nation, ABC's This Week and NBC's Meet the Press to discuss the state of the U.S. economy, the Administration's proposal for the Buffett Rule -- a principle of fairness that ensures that millionaires and billionaires do not pay less in taxes as a share of their income than middle class families pay -- and the broader budget and tax reform debates.
Posted in: Tax Policy
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