U.S. Department of the Treasury 44

U.S. Department of the Treasury 44 The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States.
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If you're looking for the official source of information about the United States Department of the Treasury, please visit our homepage at www.treasury.gov.

01/04/2017
Treasury Secretary Lew in the Harvard Journal on Legislation: "Managing Our National Debt Responsibly: A Better Way Forward"

Treasury Secretary Lew in the Harvard Journal on Legislation: "Managing Our National Debt Responsibly: A Better Way Forward"

Treasury Secretary Jacob J. Lew has authored a piece on the issue of the debt limit in the upcoming edition of the Harvard Journal on Legislation. The piece, published online today, explains how our debt is managed, explores the history of the debt limit, and examines the costs our country has incurred through numerous debt limit impasses.

Secretary Lew writes that the current debt limit regime presents grave risk and no longer serves the United States well. He calls for Congress to chart a new path that removes the unnecessary and self-inflicted threats that debt limit brinksmanship has imposed on our economy and our security.

go.usa.gov/x92KF

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12/28/2016
www.nyujlpp.org

WASHINGTON – U.S. Treasury Secretary Jacob J. Lew has authored a long-form article in the upcoming edition of the New York University Journal of Legislation and Public Policy outlining how Wall Street Reform strengthened our financial system and laid the foundation for long-run growth by reorienting our regulatory system to be more flexible and forward-looking.

In the piece, published online today, Secretary Lew underscores how Wall Street Reform not only fixed what was broken in 2008, but also set up mechanisms and institutions to identify and respond to new and emerging risks. Maintaining these structures, Secretary Lew argues, is imperative to helping prevent future crises.

Read the article online here:http://www.nyujlpp.org/wp-content/uploads/2016/12/Lew-Eight-Years-After-The-Financial-Crisis-19nyujlpp611.pdf

12/01/2016

46% of all Americans would have to borrow funds or sell valuables to cover a $400 expense. This number is an increase from just 35% in 2009.

This means that nearly 1 in 2 Americans do not have enough to cover emergency expenses: medical bill, car repairs, or major home damages. Health, education, and safety are fundamental necessities that every American should not have to worry about.

Tune in to our Facebook Live feed and follow along on Facebook Live and Periscope with U.S. Global Development Lab on how we will tackle these issues at the #2016FIF

12/01/2016

The CFPB reports that 26 million consumers in the United States are credit invisible – without credit scores. In other words, 11% of the adult population – and 22% of those under age 30 - face enormous roadblocks when trying to buy a car, rent an apartment, or start a business.

Today, we will discuss what we can do to lower these numbers. #2016FIF

12/01/2016

Treasury and USAID - US Agency for International Development
are working together to promote financial inclusion in the US and abroad.

Partnerships between financial institutions and technology providers are one important step towards delivering high-quality products at better prices to diverse populations. Digital Financial services have the power to transform and deliver high-quality products at reasonable prices to diverse and dispersed populations.

Together, we’re looking towards a more digital future.

#2016FIF

12/01/2016

Domestically, Treasury investments in Community Development Financial institutions through the CDFI over the past six years have produced over $14 billion in loans and investments. This is one of the many measures we are taking to ensure that financial inclusion and capability remain top priorities for both the government and consumers moving forward. #2016FIF

Tune in to our Facebook Live feed and follow along at @USTreasury @GlobalDevLab

10/24/2016
Remarks by Counselor Antonio Weiss at the Evolving Structure of the U.S. Treasury Market: Second Annual Conference

Counselor Antonio Weiss delivered remarks at The Evolving Structure of the U.S. Treasury Market: Second Annual Conference hosted by The Federal Reserve Bank of New York. Counselor Weiss underscored the importance for the Treasury market to remain the deepest, most liquid securities market in the world. Read Counselor Weiss’s complete remarks: http://go.usa.gov/xkfZM

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From October 16-22, we mark National Retirement Security Week, a time to focus on what Americans can be doing to ensure ...
10/19/2016
myRA - my Retirement Account | Home

From October 16-22, we mark National Retirement Security Week, a time to focus on what Americans can be doing to ensure they have a secure plan in place for retirement. During National Retirement Security Week, the Treasury Department is encouraging Americans to get started saving for retirement. Millions of Americans aren’t saving — or aren’t saving enough — for their retirement. myRA offers a simple, safe, and affordable way for those who don’t have access to an employer-sponsored retirement savings plans or lack other options to start saving for retirement.
To access myRA, visit www.myRA.gov

myRA is a retirement savings account for people looking for a simple, safe, and affordable way to start saving for retirement.

10/14/2016
Treasury and Commerce Annouce Further Amendments to Cuba Sanctions Regulations

Treasury’s Office of Foreign Assets Control, along with Commerce’s Bureau of Industry and Security, is announcing new amendments to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR). The new amendments address health-related transactions, humanitarian-related transactions, travel-related transactions, civil aviation, and trade and commerce.

“These steps have the potential to accelerate constructive change and unlock greater economic opportunity for Cubans and Americans.” — Secretary Lew in a statement regarding the new amendments. Learn more -> http://go.usa.gov/xkVgM

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Do you use the U.S. Department of the Treasury's website, Treasury.gov? We want your feedback. Please complete our short...
06/22/2016
U.S. Department of the Treasury

Do you use the U.S. Department of the Treasury's website, Treasury.gov? We want your feedback. Please complete our short survey to help us understand what you like and what you do not like about Treasury.gov so we can make the site better.

http://www.surveygizmo.com/s3/2838663/Treasury-gov-Customer-Satisfaction

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"Congress is considering legislation that would give Puerto Rico the ability to restructure its debt. I have been making...
06/14/2016
On GPS: Treasury Secretary Jack Lew - CNN Video

"Congress is considering legislation that would give Puerto Rico the ability to restructure its debt. I have been making the case for quite a while that that's the only solution to the crisis in Puerto Rico.

To be clear, the crisis is not a crisis of the future; it's a crisis of the present. You're seeing it in the hospitals, in the schools, in the streets of Puerto Rico. This crisis has now -- on July 1, they have $2 billion of debt due. They don't have $2 billion to pay.

So this will only become more and more of a crisis, and it will make it impossible at some point for Puerto Rico to recover.

The House of Representatives has put together a bill, a bipartisan bill, that works, that gives Puerto Rico the ability to restructure, that puts an oversight authority in place to make sure that there's a sound fiscal path. And that legislation has to be passed, and it has to be passed now." — Secretary Lew discussing #PuertoRico and much more on CNN

Secretary Lew tells Fareed what he makes of the Puerto Rican debt crisis, Brexit, and whether America can continue to lead on the international stage.

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