Tag Archives: Treasury Department

The Bureau of the Fiscal Service initiated a couple of new efforts to simplify how the U.S. federal government processes and manages financial activities. The Digital End-to-End Efficiency initiative aims to fully automate and digitally transform a business process instead of only automating certain, individual tasks, the bureau said Monday.

Treasury Secretary Steven Mnuchin and Rep. Nancy Pelosi, D-Calif., have entered into an agreement to introduce a short-term spending bill to prevent a government shutdown at the start of fiscal year 2021. Mnuchin said that he and the House speaker agreed to work on a continuing resolution to extend the US government’s spending beyond Sept. 30.

Rep. Steny Hoyer, D-Md., is urging the U.S. government to consolidate technology modernization policies outlined in the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act and the Senate Republicans’ COVID-19 recovery bill.

Brian Miller, President Trump's nominee to become the Department of Treasury's special inspector general for pandemic recovery, has received Senate confirmation for the role, Politico reported Tuesday.

U.S. prosecutors have filed an indictment against more than 30 individuals that allegedly helped North Korea process $2.5 billion in illegal payments through 250 front companies since 2013, the Wall Street Journal reported Thursday.

The FBI and the departments of State, Homeland Security and the Treasury have issued a guidance on malicious North Korean cyber activities and courses of action that organizations should take to address such threats.

The Bureau of Fiscal Service has launched two pilot projects focused on blockchain and artificial intelligence technologies to improve customer experience, Federal News Network reported Tuesday.

The General Services Administration will move the Federal Procurement Data System’s main reporting functions – administrative, standard, ad hoc and static – to the System for Award Management’s beta website by March 16, Nextgov reported Wednesday.

The Department of Treasury is nearing completion of an effort to develop a blockchain-based credit system for recipients of federal grants, FCW reported Friday. Craig Fischer, innovation program manager at the treasury department, said the effort aims to tokenize federal letters of credit for the tracking of awarded grants and associated cashflow.

The Senate voted 88-5 Tuesday to confirm Jovita Carranza, treasurer at the Department of the Treasury, as the new head of the Small Business Administration, The Hill reported Tuesday.