Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today in conjunction with President Donald J. Trump’s budget proposal for Fiscal Year 2021: “President Trump’s FY 2021 Budget released today prioritizes Treasury’s role in fostering a strong economy in the United States, ensuring financial stability abroad, strengthening national security, and effectively managing […]
Category Archives: U.S. Treasury
Treasury Pressures Illegitimate Maduro Regime by Identifying Blocked National Airline
Action to Enhance Compliance with Broad Venezuela Sanctions Program Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today identified the Venezuelan state-owned airline Consorcio Venezolano de Industrias Aeronauticas y Servicios Aereos, S.A. (CONVIASA) as subject to sanctions as part of the Government of Venezuela, pursuant to Executive Order (E.O.) 13884. […]
OCC Releases Dodd-Frank Act Stress Test Scenarios for 2020
News Release 2020-17 | February 6, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC’s final rule that implements stress test requirements […]
Treasury Announces 2020 National Illicit Finance Strategy
Report identifies key illicit finance concerns for the United States and establishes a roadmap to modernize the U.S. counter-illicit finance regime WASHINGTON – The U.S. Department of the Treasury today issued the 2020 National Strategy for Combating Terrorist and Other Illicit Financing (2020 Strategy), which provides a roadmap to modernize the U.S. anti-money laundering/countering the […]
Address by Under Secretary McIntosh at the Sim Kee Boon Institute for Financial Economics at Singapore Management University:
As prepared for delivery: 10:30 a.m. SGT February 6, 2020 Singapore Introduction Good morning. Thank you all for being here today to discuss the important and timely topic of data connectivity in financial services. I’m glad to be here in Southeast Asia, a diverse, vibrant, and economically critical part of the world. The United […]
United States – Singapore Joint Statement on Financial Services Data Connectivity
U.S. Treasury Under Secretary for International Affairs Brent McIntosh and Monetary Authority of Singapore Deputy Managing Director Jacqueline Loh met in Singapore to discuss the importance of data connectivity in financial services. At the conclusion of their meeting, Under Secretary McIntosh and Deputy Managing Director Loh issued the following joint statement: Singapore – The United States and Singapore […]
Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association February 4, 2020
February 5, 2020 The Committee convened in a closed session at the Department of the Treasury at 8:00 a.m. All members were present. Principal Deputy Assistant Secretary for Financial Markets Kipp Kranbuhl, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office […]
Statement from United States Treasury Secretary Steven T. Mnuchin on President Trump’s State of the Union Address
Washington – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following President Trump’s State of the Union Address: “President Trump’s message tonight was clear: he is delivering on his promises to the American people. As a result, families are taking home more money in their paychecks, businesses are investing, the economy is […]
United States and Japan Sign Memorandum of Cooperation Strengthening Energy and Infrastructure Finance and Market Building
Tokyo – Today the U.S. Department of the Treasury and the Ministries of Economy, Trade and Industry, and of Finance, of Japan, signed the Memorandum of Cooperation (MOC) on Strengthening Energy and Infrastructure Finance and Market Building. Signed during a meeting between U.S. Treasury Under Secretary for International Affairs Brent McIntosh and Ministry of Finance […]
Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
The U.S. economic recovery, the longest on record at 10½ years, maintained its momentum at the end of 2019. According to the advance estimate, real GDP grew by 2.1 percent in the fourth quarter, matching the pace in the third quarter. On a fourth quarter over fourth quarter basis, the U.S. economy grew by 2.3 […]