Treasury Department

Biden Administration Wants to Extend Anti-Money Laundering Regulations to Investment Advisers

Biden Administration Wants to Extend Anti-Money Laundering Regulations to Investment Advisers

The Biden administration wants to require investment advisers to detect and report suspected money laundering to the government.

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US Treasury Department Unveils New Tax Credit Guidelines for Sustainable Aviation Fuel

US Treasury Department Unveils New Tax Credit Guidelines for Sustainable Aviation Fuel

The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.

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273,000 retirees could face benefits cut

Central State Pension Fund executive director, Thomas Nyhan said in a statement that around 273,000 current and future retirees will be affected with its latest benefits cut. The country's largest pension fund is currently facing financial problem due to 2008 financial crisis and the latest economic uncertainty.

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Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?

The creditworthiness of the world's largest economy seems to be drenched as US treasury has stopped issuing further debt citing reasons for reaching the borrowing ceiling.

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U.S. companies may not be fleeing due to high tax rate, Reuters analysis shows

When a series of big U.S. companies last year moved to reincorporate abroad in inversion deals, some Republican lawmakers and tax policy critics blamed the high U.S. corporate tax rate. Lowering it, they said, would keep companies from fleeing the country.

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U.S. fiscal 2014 budget deficit falls to $486 billion, CBO says

The U.S. budget deficit fell by nearly a third during fiscal 2014 to $486 billion as federal revenues grew far faster than spending, the Congressional Budget Office said on Wednesday.

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Commerzbank close to settling U.S. sanctions probes

German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.

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Treasury sells big chunk of AIG stock at a profit

The U.S. government cut its stake in American International Group Inc to about 21.5 percent on Monday.

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