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4 Jun 2023, 9:02 pm
The debt ceiling is a perfect example of this idiocy.In November 2022, when Democrats still controlled the House and Senate, Treasury Secretary Janet Yellen urged Democrats to raise the debt ceiling precisely in order to avoid the ruckus that just concluded. [read post]
2 Jun 2023, 2:40 am
Treasury Department yesterday imposed sanctions on members and affiliates of Iran’s Islamic Revolutionary Guard and its external operations arm. [read post]
1 Jun 2023, 5:51 am
Copy at, e.g., https://www.law.cornell.edu/uscode/text/31/5336 [2] The responsible regulator is the Financial Crimes Enforcement Network (FinCEN) of the United States Treasury Department. [read post]
31 May 2023, 2:01 pm
If the debt ceiling is unconstitutional, does it automatically default to the president to raise more debt, more specifically to direct the Treasury Secretary to issue more debt? [read post]
31 May 2023, 1:44 pm
Burkhard Fassbach Among important recent developments in digital currency is the increasing governmental move toward Central Bank Digital Currency (CBDC) and other forms of digital currency. [read post]
31 May 2023, 9:47 am
Treasury Secretary Janet Yellen did not spin through the revolving door from Wall Street, as did her predecessors. [read post]
26 May 2023, 6:15 am
In 2020, the proposal was vetted by the federal interagency Committee on Foreign Investment in the United States (CFIUS), which is comprised of representatives from 16 U.S. departments and agencies, including Treasury, Justice, Commerce, Defense, Energy, and Homeland Security. [read post]
25 May 2023, 9:01 pm
President’s Working Group[19] and Financial Stability Oversight Council[20] reports under several Treasury secretaries and presidents have written about them. [read post]
25 May 2023, 12:01 pm
Mazur (Former Assistant Secretary for Tax Policy, U.S. [read post]
25 May 2023, 10:22 am
Indeed, the current codifications of the statutory borrowing authorities (chiefly here, here, and here) contain exactly that limit: each provision authorizes the Treasury Secretary to borrow "amounts necessary for expenditures authorized by law. [read post]
25 May 2023, 5:01 am
Consider how Treasury Secretary Janet Yellen discussed the concept of default a couple of weeks ago: "Whether it's defaulting on interest payments that are due on the debt or payments due for Social Security recipients or to Medicare providers, we would simply not have enough cash to meet all of our obligations. [read post]
24 May 2023, 9:11 am
As I noted a couple of weeks ago, a well-crafted complaint was filed in federal district court in Massachusetts by a labor organization representing numerous government employees, seeking to have the debt ceiling statute declared invalid and thus obligating the Secretary of the Treasury to pay the government's bills in full. [read post]
24 May 2023, 7:40 am
In Treasury's 1930 annual report on the state of American finances, for example, Treasury Secretary Andrew Mellon wrote with recommendations for amendments to the Second Liberty Bond Act: "[I]t is obvious that the orderly and economical management of the public debt requires that the Treasury Department should have complete freedom in determining the character of securities to be issued. [read post]
22 May 2023, 5:00 pm
A participant will not be considered to be a terminally ill participant unless the participant provides sufficient evidence to the plan administrator in such form and manner as the Secretary of the Treasury may require. [read post]
22 May 2023, 6:29 am
On 10 May 2023, HM Treasury published a letter from the Economic Secretary, Andrew Griffiths, to the Chair of the House of Lords Economic Affairs Committee, regarding further adjustments to the ring-fencing regime in connection with the resolution of Silicon Valley Bank UK (SVB UK). [read post]
21 May 2023, 9:05 pm
The Secretary of the Treasury heads the interagency committee whose members include, among others, representatives from the U.S. [read post]
18 May 2023, 5:16 am
According to a statement from then-Under Secretary of the Treasury Sigal Mandelker, the April 2018 sanctions resulted in the freezing of Vekselberg’s assets and an estimated $3 billion reduction in his net worth. [read post]
18 May 2023, 2:00 am
Treasury), Testimony Scott Hodge (Tax Foundation), Testimony Samantha Jacoby (Center on Budget and Policy... [read post]
IRS submits Direct File report to Congress; Treasury Department directs pilot to evaluate key issues
17 May 2023, 7:12 pm
” IRS Commissioner Danny Werfel’s letter to Treasury Secretary Janet Yellen to accompany the Direct File report [read post]
17 May 2023, 5:21 pm
Thus, for example, Treasury Secretary Yellen has called the $1 trillion coin option a “gimmick”, which is about the mildest condemnation you are likely to find. [read post]
