Category Archives: U.S. Treasury

WASHINGTON – Today the U.S. Department of the Treasury announced that American Airlines, Frontier Airlines, Hawaiian Airlines, Sky West Airlines, and Spirit Airlines have signed letters of intent setting out the terms on which Treasury would extend loans under Division A, Title IV, Subtitle A of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  […]

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the African Development Bank ethics review: “I welcome the African Development Bank Governors’ decision to conduct an independent review of the work of the Bank’s Ethics Committee and its appointment of a high-level panel led by former Irish President Mary Robinson to […]

WASHINGTON – Today the U.S. Department of the Treasury announced that it intends to make a $700 million loan to YRC Worldwide Inc., and that it had reached an agreement with YRC on June 30, 2020, to receive a 29.6% equity stake in the company in connection with the loan under Division A, Title IV, […]

WASHINGTON – The Financial Action Task Force (FATF) concluded its 31st plenary meeting by calling on its members to tackle new threats and vulnerabilities posed by criminals during the COVID-19 crisis. The FATF also completed a 12-month review of progress made by jurisdictions on implementing the new FATF standards on virtual assets adopted during the […]

June 30, 2020 Chairwoman Waters, Ranking Member McHenry, and members of the Committee, I am pleased to join you today to discuss how the Department of the Treasury and the Federal Reserve are working together to provide liquidity to credit markets, businesses, and households, as well as state and municipal governments. We remain committed to […]

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the launch of the Primary Market Corporate Credit Facility: “Since announcing the Primary and Secondary Market Corporate Credit Facilities (PMCCF and SMCCF) in late March, we have seen significant improvements in credit market liquidity.  Investment-grade primary and secondary market spreads have tightened substantially […]

WASHINGTON, DC – The Department of the Treasury and IRS encourage taxpayers to file their taxes by July 15, or file for an automatic extension of time to file to October 15.  Due to COVID-19, the original tax filing and payment deadline for 2019 was postponed from April 15 to July 15. “We are pleased […]