Category Archives: U.S. Treasury

Washington – Following President Donald J. Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) today issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July […]

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin held a call with Australian Treasurer Josh Frydenberg on Monday, March 16, to discuss the economic impact of the global coronavirus outbreak. They shared updates and discussed policy measures to support the economy, and agreed to stay in regular contact, both on a bilateral basis and through […]

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the establishment of a primary dealer credit facility (PDCF) by the Federal Reserve Board: “I have just sent Chairman Jerome Powell a letter confirming that I approve the establishment of the PDCF to provide liquidity to the financial system pursuant to section […]

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the establishment of a Commercial Paper Funding Facility (CPFF) by the Federal Reserve Board: “I have just sent Chairman Jerome Powell a letter confirming that I approve the establishment of the CPFF to provide liquidity to the financial system pursuant to Section […]

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin and Deputy Prime Minister and Finance Minister Taro Aso of Japan held a call today following the discussion among the G7 Leaders. They welcomed the strong measures taken by both countries thus far to address the economic and financial impact of the coronavirus, and reaffirmed their commitment […]

Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for January 2020.  The next release, which will report on data for February 2020, is scheduled for April 15, 2020.  The sum total in January of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]

Today, Secretary Steven T. Mnuchin joined Chris Wallace on Fox News Sunday to discuss the state of the U.S. economy and negotiations with Congress on a legislative package to combat the coronavirus outbreak.  On the State of the Economy: “If the medical professionals are correct and we are doing all the things, I expect we are […]

“This bill will provide significant relief to small businesses that cannot afford the employee costs associated with coronavirus. The bill provides a dollar for dollar reimbursement for coronavirus related sick leave costs. To protect businesses concerned about cash flow, the Treasury will use its regulatory authority to advance funds to employers in a number of […]