The Small Business Administration (SBA) administrator Jovita Carranza and U.S. Treasury secretary Steven Mnuchin issued a statement on Friday regarding the success of the Paycheck Protection Program (PPP) in lieu of the COVID-19 pandemic.Read More »
House Speaker Nancy Pelosi (D-Calif.) said she hopes the lower chamber can pass a deal to raise the debt ceiling and set spending levels by July 26, CNBC reported Wednesday. Pelosi said she expects the White House and the chamber to agree on a measure by Friday, July 19 to allow lawmakers to work on the legislative text over the weekend.Read More »
Treasury Secretary Steven Mnuchin and Mick Mulvaney, director of the Office of Management and Budget, have issued a joint statement saying the federal budget deficit reached $779B in fiscal 2018, about $113B higher than the shortfall recorded in the previous fiscal year. The FY 2018 deficit was equivalent to 3.9 percent of the U.S. gross domestic product and $70B less than the projected shortfall in the Mid-Session Review for FY 2019, according to the statement published Monday.Read More »
The Treasury Department has released interim regulations for a pilot program to assess foreign acquisitions of critical U.S. technologies and intellectual property in compliance with the Foreign Investment Risk Review Modernization Act of 2018. “These temporary regulations address specific risks to U.S. critical technology while informing the development of final regulations that will fully implement FIRRMA,” Treasury Secretary Steven Mnuchin said in a statement published Wednesday.
Treasury Dept Sanctions 16 Individuals, 9 Foreign Firms for Support to North Korea’s Weapons Programs
The Treasury Department has blocked from dealing with the U.S. 16 individuals and nine foreign companies for their involvement in activities that support North Korea’s weapons of mass destruction programs and breach of United Nations Security Council Resolutions. “Treasury continues to systematically target individuals and entities financing the Kim regime and its …Read More »
The Treasury Department has prohibited from dealing with the U.S. five Iran-based companies for their involvement in activities that support the Middle Eastern country’s ballistic missile development efforts. The five entities are considered subordinates to Iran-based Shahid Bakeri Industrial Group that has been sanctioned by the U.S., United Nations and the European …Read More »
The Treasury Department has imposed new sanctions on one individual and 13 foreign companies and agencies that have trade connections to North Korea as part of efforts to counter the East Asian country’s nuclear and ballistic missile development programs. “As North Korea continues to threaten international peace and security, we are …Read More »