Treasury Department
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Today, Treasury’s Office of Foreign Assets Control (OFAC) & the State Dept joined the UK in imposing additional sanctions on Russia in response to the state-sponsored poisoning of Russian opposition leader Aleksey Navalny that took place 1 year ago today.
home.treasury.gov/news/press-rel…
Treasury analysis shows that the Build Back Better agenda will:
- give 3.9 million entrepreneurs a tax cut
- protect 97% of small-business owners from income tax rate increases
- level the playing field for small-business owners by reforming the tax code
whitehouse.gov/briefing-room/…
Today, the Office of Foreign Assets Control (OFAC) sanctioned three Cuban individuals in response to violence against peaceful demonstrators.
Read more: home.treasury.gov/news/press-rel…
Average new unemployment claims have declined by around 55% -- from 830,000 to 378,000 – since January as the labor market and the broader economy continue an unprecedentedly fast recovery.
Today’s new UI numbers – the lowest they’ve been in 17 months and a continuation of the downward trend – are a welcome indication of ongoing labor market improvement. twitter.com/WhiteHouse/sta…
When President Biden took office in January, an average of more than 830,000 Americans were filing initial unemployment insurance claims. That number has now fallen by more than half to below 378,000.
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Yesterday, @TreasuryDepSec traveled to Hyattsville, MD, where he heard from tenants, landlords, community leaders and administrators of Prince George’s County’s effective Emergency Rental Assistance program in a roundtable discussion hosted by @HIPHomesMd
Despite having to build their program largely from scratch, @PrinceGeorgesMD has already distributed 83% of its first round of ERA funds to more than 3,200 tenants and landlords.
Read more about their use of guidance & promising practices: home.treasury.gov/news/press-rel…
ICYMI: “Biden's infrastructure plan is a down payment on the economy America can – and should – have”
@SecYellen’s op-ed on the bipartisan infrastructure package & the Build Back Better agenda: finance.yahoo.com/news/infrastru…
"Today, the US takes bold, proactive steps to address the climate crisis by working w/ our int'l partners to establish a path to end MDB’s support for fossil fuels except in exceptional circumstances while helping developing countries build a sustainable future"
- @SecYellen twitter.com/USTreasury/sta…
Today, Treasury issued Fossil Fuel Energy Guidance for Multilateral Development Banks (MDBs), which is key Guidance in response to @POTUS’s Executive Order on Tackling the Climate Crisis At Home and Abroad announced earlier this year.
Read more: home.treasury.gov/news/press-rel…
If you’re struggling to pay your rent and utilities, help may be available. Learn more about the @USTreasury’s Emergency Rental Assistance Program. go.usa.gov/x6NjV
Retweeted by Treasury Department Today 61 million children across America are benefiting from the advanceable #ChildTaxCredit, helping families put food on the table, pay rent, buy school supplies, and meet the needs of the next generation.
Retweeted by Treasury Department We want every eligible family to have access to the Child Tax Credit, which is why @USTreasury continues outreach efforts, like supporting community sign-up drives & new mobile-friendly and bilingual tools, to increase enrollment.
Sign-up at ChildTaxCredit.gov.
.@USTreasury shared today that @codeforamerica is developing a portal, GetCTC, that will make it easy for families with low or no incomes to get the flexible cash they deserve—including the #ChildTaxCredit and any of the three rounds of stimulus payments.
home.treasury.gov/news/press-rel…
Retweeted by Treasury Department Of those who received the first monthly #ChildTaxCredit payment in July:
- Roughly half reported using it to pay for food for their family
- 1 in 4 spent some of their CTC on clothing.
The CTC is helping families put food on the table & meet the needs of the next generation.
Parents are using their #ChildTaxCredit payments to pay for basics for their kids. The share of families reporting that they sometimes or often did not have enough to eat in the past week dropped to the lowest % since the pandemic began.
After just 1 month, it's already clear the #ChildTaxCredit is having a real impact on the lives of America’s children. Parents reported having less trouble covering the costs of food & other household expenses after receiving their July CTC payment.
census.gov/library/storie…
Thanks to the American Rescue Plan’s expansion of the #ChildTaxCredit, tens of millions of families are automatically receiving monthly payments of $250 or $300 per child.
Over the next hour we’ll answer a few FAQs about the child tax credit. Read more at childtaxcredit.gov.
Retweeted by Treasury Department More than $15 billion dollars were paid to families that include roughly 61 million eligible children in the second monthly payment of the expanded and newly-advanceable #ChildTaxCredit from the American Rescue Plan.
Read more here: home.treasury.gov/news/press-rel…
Economic hardship declined in households with children as child tax credit payments arrived.
Learn more 👉go.usa.gov/xFmvb3
#AmericaCountss#ChildTaxCredittK
Retweeted by Treasury Department Today we will hear from @USTreasury officials about how states can promote equity in their pandemic recovery efforts & how the reporting process will measure progress. #NASBO21
Retweeted by Treasury Department Renters and landlords looking for info and assistance with rent, utility bills, moving costs, and more can use @CFPB’s new “Rental Assistance Finder” to connect with the Emergency Rental Assistance program
⬇️⬇️⬇️ twitter.com/CFPB/status/14…
Retweeted by Treasury Department Today, Treasury’s Office of Foreign Assets Control (OFAC) and @CommerceGov's Bureau of Industry and Security (BIS) issued a fact sheet underscoring the U.S. government’s commitment to supporting internet freedom in Cuba.
Find the fact sheet & more info: home.treasury.gov/news/press-rel…
Read @SecYellen’s full statement on the Senate passage of the Bipartisan Infrastructure Bill:
home.treasury.gov/news/press-rel…
The infrastructure bill the Senate passed today will do the hard, generational work of building a stronger, more structurally sound economy. I applaud the leadership & bipartisanship of @POTUS & all the senators who supported this critical legislation.
Retweeted by Treasury Department “This is a shared responsibility, and I urge Congress to come together on a bipartisan basis as it has in the past to protect the full faith and credit of the United States.”
Read @SecYellen’s full statement on the debt limit today: home.treasury.gov/news/press-rel…
At a final stop in Atlanta today, I met with inspiring women who are running businesses out of the @TheLAA Acciona business incubator, an engine of vibrant growth for Atlanta’s economy, and highlighted ways the Build Back Better agenda supports small business.
Retweeted by Treasury Department In Atlanta today, @SecYellen met with @RepNikema @RepBourdeaux @RepLucyMcBath & community leaders at @TheLAA for a discussion on the impact of the #ChildTaxCredit and a tour of the Outreach Center's Family Well-Being Center. twitter.com/SecYellen/stat…
Today, @TreasuryDepSec met with the board of directors of the National Bankers Association (NBA), an association of 31 people of color-owned banks working to eliminate the racial wealth gap.
Read more: home.treasury.gov/news/press-rel…
A special Atlanta stop: @justaddhoney, a family-owned shop that has made use of a PPP loan to overcome pandemic obstacles. Grateful to owners Brandi & Jermail for sharing their perspective on the role small businesses play in our economy, & I brought back some Georgia peach tea.
Retweeted by Treasury Department Our national conversation about fiscal policy tends to pit sides against one another: business vs. labor, climate mitigation vs. econ growth.
But these investments break down those old, tired lines. They bring us all to the same side of a more vibrant, resilient economic future.
Retweeted by Treasury Department "In the same way that ambitious policy is accelerating our recovery from the pandemic, it can start unwinding historic destructive trends & spur growth."
@SecYellen on the bipartisan infrastructure plan, joined by @KeishaBottoms @RepNikema @InvestAtlanta
youtube.com/watch?v=fmFs9Z…
To start off today's trip to Atlanta, @SecYellen participated in a roundtable discussion with @atlchamber CEOs & business leaders, who shared perspectives on challenges facing businesses navigating the economy as the country recovers from the pandemic.
home.treasury.gov/news/press-rel… twitter.com/SecYellen/stat…
In Atlanta today, @SecYellen is joining @KeishaBottoms and @RepNikema for an event at @InvestAtlanta.
Read the Secretary's remarks on the economic benefits of the bipartisan infrastructure bill and President Biden’s Build Back Better agenda here:
home.treasury.gov/news/press-rel…
The Ortega-Murillo regime is carrying out a brutal wave of repression. We welcome the EU’s announcement today of eight targeted sanctions of Nicaraguan officials who have undermined democracy and respect for human rights.
consilium.europa.eu/en/press/press…
The Fiscal Recovery Funds program has provided a variety of resources to help turn the tide on the pandemic & address resulting challenges.
State & local governments can find more info about using funds to combat COVID, tackle housing challenges, & more:
home.treasury.gov/policy-issues/…
If you’re struggling to pay your rent and utilities, help may be available. Learn more about the @USTreasury’s Emergency Rental Assistance Program. go.usa.gov/x6NjV
Retweeted by Treasury Department Today, @SecYellen sent a letter to Congressional leadership regarding the debt limit.
Read the full letter here: home.treasury.gov/news/press-rel…
Many renters are worried about catching up on past-due rent and facing eviction since the CDC moratorium has ended. Learn about our new Rental Assistance Finder and search for rental assistance in your community. go.usa.gov/xFBMx
Retweeted by Treasury Department Lebanese families are suffering from a manmade crisis due to corruption, negligence, and economic mismanagement. We welcome the EU’s announcement of a new sanctions regime to bring about accountability for those responsible for this crisis.
home.treasury.gov/news/press-rel…
Paid time off to get the shot. The Paid Leave Tax Credit can be used by some small, medium, and solo businesses to cover wages paid to employees when they take time off to get vaccinated, or take a family member or their kids to get vaccinated.
Read more: home.treasury.gov/news/press-rel…
Today, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a Cuban police force and its leaders in response to violence against peaceful demonstrators.
More here: home.treasury.gov/news/press-rel…
State, territorial, and local governments can use Fiscal Recovery Funds to enhance vaccination efforts, including by providing individual vaccine incentives.
No task is more urgent than turning the tide on the pandemic.
More info on the Recovery Funds at treasury.gov/SLFRP twitter.com/WhiteHouse/sta…
As of yesterday, struggling tenants and landlords can use the CFPB’s new locator tool to find out where they can apply for emergency rental assistance.
If you're a renter or landlord in need of rent help, find resources in your area using the tool at consumerfinance.gov/renthelp.
Retweeted by Treasury Department Today’s expanded guidance gives employers further opportunity to support health and safety of employees’ families and communities without placing an undue burden on their business during the pandemic.
Check out FAQs on paid leave for vaccinations here: irs.gov/newsroom/tax-c…
Today, with @IRSnews, we announced that some small, medium, and solo businesses can claim tax credits equal to wages paid for providing paid time-off to employees to take a family or household member or certain other individuals to get vaccinated.
More: home.treasury.gov/news/press-rel… twitter.com/whcovidrespons…
No task is more urgent than turning the tide on the pandemic, and there is no better tool than vaccination. This is why Treasury is encouraging state, territorial, & local governments to use ARP Fiscal Recovery Funds to enhance vaccination efforts.
More: home.treasury.gov/news/press-rel… twitter.com/whcovidrespons…
Today’s GDP numbers are a welcome milestone. The American economy is now above its pre-pandemic level. This was not destined to happen. Our recovery is the result of smart policy choices and a government that can execute them.
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