Archives

3/22/16 CRS Report – Current Debates over Exchange Rates: Overview and Issues for Congress

March 30, 2016

Exchange rates are among the most important prices in the global economy. They affect the price of every country’s imports and exports, as well as the value of every overseas investment.

CRS – Federal Reserve: Unconventional Monetary Policy Options

August 25, 2015

2/19/13 The “Great Recession” and the ensuing weak recovery have led the Federal Reserve (Fed) to reevaluate its monetary policy strategy. Since December 2008, overnight interest rates have been near zero; at this “zero bound,” they cannot be lowered further to stimulate the economy. As a result, the Fed has taken unprecedented policy steps to […]

H.R. 4466, Financial Regulatory Clarity Act of 2014

October 17, 2014

As ordered reported by the House Committee on Financial Services on May 22, 2014 H.R. 4466 would require federal financial regulators to determine whether any new regulations or orders are duplicative or inconsistent with existing rules. The regulators would be required to report to the Congress within 60 days of making such a determination. Based […]

Taxpayers Recover $245.5 Million from Second Ally Trading Plan

October 17, 2014

Total Return on Ally Investment approximately $1.1 billion WASHINGTON – The U.S. Department of the Treasury today announced the completion of its second pre-defined written trading plan for Ally Financial Inc. (“Ally”) common stock.  Treasury sold 11,249,044 shares and recovered approximately $245.5 million for taxpayers.  With the conclusion of the second trading plan, Treasury now […]

Readout of the International Working Group Meetings on Sanctions Targeting ISIL, Al-Nusrash Front, and the Asad Regime

October 17, 2014

WASHINGTON – Today, the Departments of the Treasury and State co-hosted a meeting of the International Working Group on Sanctions Targeting ISIL, al-Nusrah Front (ANF), and the Asad regime.  This meeting gathered over 20 countries and organizations to discuss and identify opportunities to implement targeted measures to financially isolate these extremist groups and the Asad […]

Treasury International Capital Data For August

October 16, 2014

WASHINGTON – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2014.  The next release, which will report on data for September 2014, is scheduled for November 18, 2014. The sum total in August of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]

Treasury Sanctions a Syrian Official Responsible for Human Rights Abuses in Syria and Syrian Regime Supporters and Officials

October 16, 2014

Action Targets a Senior Syrian Air Force Intelligence Officer,  Two Cypriot Companies and One Lebanese Company and their Directors,   Four Syrian State-Owned Banks, and Two Senior Syrian Government Officials WASHINGTON – The U.S. Department of the Treasury today further increased pressure on the Syrian regime by sanctioning one senior Syrian military officer responsible for human […]

Joint Statement of Treasury Secretary Jacob J. Lew and Office of Management and Budget Director Shaun Donovan on Budget Results for Fiscal Year 2014

October 15, 2014

Receipts by Source Outlays by Agency​ WASHINGTON – U.S. Treasury Secretary Jacob J. Lew and Office of Management and Budget (OMB) Director Shaun Donovan today released details of the fiscal year (FY) 2014 final budget results, which show significant and continued progress in reducing the deficit. The deficit in FY 2014 fell to $483 billion, […]

Semi-Annual Report to Congress on International Economic and Exchange Rate Policies

October 15, 2014

WASHINGTON – The U.S. Department of the Treasury today released the Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, pursuant to Section 3004 and 3005 of the Omnibus Trade and Competitiveness Act of 1988.  The Report covers international economic and foreign exchange developments in the first half of 2014 and, where pertinent […]

Gulf Coast Region Can Now Receive RESTORE Act Funding from U.S. Treasury

October 14, 2014

 Projects Will Support Environmental and Economic Restoration   WASHINGTON – The U.S. Department of the Treasury today announced that eligible states and local governments can now apply for and receive grants to support the recovery of communities affected by the Deepwater Horizon oil spill. Interim Final Rules governing the funding became effective today, allowing the […]