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Department of the Treasury

Industry News/News
House Speaker Kevin McCarthy Optimistic on Debt Ceiling Agreement

House Speaker Kevin McCarthy said Congress could vote on a measure to raise the debt limit as early as next week, the Financial Times reported Thursday. “We’re not there, we haven’t agreed

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by Jane Edwards
May 19, 2023
News
Treasury Department Spearheads Publication of Domestic Content Bonus Guidance for Clean Energy Projects; Janet Yellen Quoted

The Department of the Treasury worked with the Internal Revenue Service and other agencies to create guidelines on the domestic content bonus, an incentive for clean energy projects and facilities that are

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by Jamie Bennet
May 15, 2023
Industry News/News
White House Presents Potential Economic Risks of Debt Limit Breach Scenarios

The White House offered analyses of the potential economic impacts of several debt ceiling scenarios, including a brief default and a protracted default. An analysis by Moody’s shows that a short debt

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by Jane Edwards
May 5, 2023
Cybersecurity/News
Treasury Department Committee Convenes Meeting on Cybersecurity

The Department of the Treasury’s Financial and Banking Information Infrastructure Committee held a meeting to review developments as part of its initiatives to fortify cybersecurity in the U.S. financial system. The meeting

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by Jamie Bennet
April 21, 2023
Government Technology/News
Report: US Asks China-Based Owner of TikTok to Sell Stakes in Video-Sharing App

The Biden administration has called on Chinese company ByteDance to divest its stakes in TikTok and warned of a possible ban of the social media platform if it fails to do so,

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by Jane Edwards
March 17, 2023
General News/News
Janet Yellen: Treasury Adopts ‘Extraordinary Measures’ as US Hits Debt Limit

Treasury Secretary Janet Yellen informed Congress through a letter that her department started implementing “extraordinary measures” after the U.S. government reached its statutory debt limit of $31.4 trillion on Thursday. Yellen told

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by Jane Edwards
January 20, 2023
Industry News/News
Treasury Dep Sec Wally Adeyemo Highlights Inflation Reduction Act Investment Opportunities

Wally Adeyemo, deputy secretary of the Department of the Treasury, said the Inflation Reduction Act provides investment opportunities to advance the U.S. clean energy sector.  In a recent roundtable with clean energy

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by Naomi Cooper
November 29, 2022
Teresa Weipert
Contract Awards/News
Maximus Awarded Two IRS Task Orders Worth $151M For IT Support; President, GM Teresa Weipert Quoted

Maximus announced on Tuesday that the company has secured two Internal Revenue Service (IRS) contracts potentially worth a combined $151 million. Both contracts were secured in the General Services Administration (GSA) Alliant two contract vehicles. The first

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by William McCormick
July 20, 2021
Government Technology/News
President-Elect Joe Biden Stresses Need to Innovate U.S. Cyber Defenses

President-elect Joe Biden said the U.S. must rethink and innovate national defense against cybersecurity threats following the SolarWinds network monitoring software hack that hit multiple federal agencies. Biden said at a recent

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by Brenda Marie Rivers
December 30, 2020
News
TIGTA: Taxpaper Data Not Affected by SolarWinds Product Breach

Russell George, inspector general for tax administration at the Internal Revenue Service (IRS), informed House Ways and Means Oversight Subcommittee Chairman Bill Pascrell and ranking member Mike Kelly of the steps the

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by Christine Thropp
December 28, 2020
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