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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.

In Case You Missed It: Secretary Geithner Reports On Progress In Fiscal Negotiations

By: Anthony Reyes
Wednesday, December 05, 2012

Today, Secretary Geithner spoke to CNBC's Steve Liesman during a live television interview broadcast from the Diplomatic Room of the Treasury Department where he discussed the need to reach an agreement on the so called “fiscal-cliff” that will strengthen the economy and support job growth.​
Posted in: Media Appearances

Taking the Threat of Default Out of the Debt Limit

By: Jenni LeCompte
Wednesday, December 05, 2012

Secretary Geithner indicated that the Obama Administration supports extending the “McConnell Provision” regarding the debt limit -- a part of last year’s Budget Control Act​.
Posted in: Debt Management

In Case You Missed It: Treasurer Rios at TEDxWomen

By: Anthony Reyes
Tuesday, December 04, 2012

​Last Friday, Treasurer Rosie Rios participated in the TEDxWomen conference in Washington, DC, where she presented a "TED Talk" as part of the "Poverty and Plenty" session that featured speakers exploring "the space between having a little and having a lot."​
Posted in: Media Appearances

Tune In: Secretary Geithner On Sunday Shows

By: Anthony Reyes
Friday, November 30, 2012

This Sunday, Secretary Geithner will appear on the four major networks and CNN to discuss the President’s plan to grow the economy, strengthen the middle class and reduce our deficits in a balanced way.
Posted in: Media Appearances

Business Leaders Express Support for the President’s Approach to Reducing Our Deficits

By: Anthony Reyes
Friday, November 30, 2012

​U.S. business leaders continue to echo the President’s call for a balanced approach to reducing our deficits and growing our economy.​
Posted in: Fiscal Policy

Limiting Tax Deductions: The Reality of the Math

By: Gene Sperling and Jason Furman
Thursday, November 29, 2012

In his Budget, the President proposes to raise $1.56 trillion in revenue from high-income households, including $1 trillion from the expiration of the Bush high-income and estate tax cuts and additional revenue from limiting tax expenditures for high-income households as a part of reforming the tax system to make it simpler, fairer and more efficient. ​
Posted in: Tax Policy

Treasury Awards $18 Million to Institutions Serving Economically Distressed Communities

By: Kimberly Beauman
Wednesday, November 28, 2012

Yesterday, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) provided 59 FDIC-insured depository institutions with awards for serving economically distressed communities across the nation that totaled nearly $18 million.
Posted in: Community Development Financial Institutions Fund

Five Questions on the FSOC’s Proposed Recommendations for Money Market Mutual Fund Reform

By: Amias Gerety
Tuesday, November 27, 2012

​Earlier this month, the Financial Stability Oversight Council (the Council) voted unanimously to advance proposed recommendations for money market mutual fund (MMF) reform for public comment.  Here are five frequently asked questions about MMFs​.
Posted in: Financial Stability Oversight Council

Increasing Taxes on Middle-Class Families Will Hurt Consumer Spending

By: Jason Furman
Monday, November 26, 2012

​Today, as we move into the holiday shopping season, the National Economic Council and the Council of Economic Advisers released a report called The Middle-Class Tax Cuts’ Impact on Consumer Spending and Retailers. This report provides new analysis on the impact to retailers and consumer spending if Congress fails to act to avoid taxes going up on 98 percent of Americans at the end of the year.
Posted in: Tax Policy

Shop Small on Saturday, November 24th 2012

By: Karen Mills
Wednesday, November 21, 2012

​In between the Black Friday sales and the Cyber Monday deals is Small Business Saturday (November 24th) – a day set aside to support the small businesses that play a vital role in creating jobs and economic opportunities all across the country.​
Posted in: Small Business
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