Treasury Dept.

Under Secretary Robert K. Steel Remarks on Housing before the American Securitization Forum

February 5, 2008, Las Vegas - Treasury Under Secretary Robert K. Steel: Thank you for that kind introduction. And to all of you gathered here this morning, thank you for welcoming me. It is my pleasure to represent the Treasury Department today at this prestigious conference.    » read more »

February 5, 2008 -- The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced financial sanctions against family members of regime leaders and key additional individuals and businesses that are part of the financial network of Tay Za, a Burmese business tycoon and arms dealer with close ties to Burma's military junta.    » read more »

Prepared Statement by Treasury Under Secretary David H. McCormick in Advance of Meeting of the G-7 Finance Ministers and Central Bank Governors

February 4, 2008 -- The President's proposed budget for the Treasury Department's fiscal year 2009 reflects the Department's continued dedication to promoting economic growth and opportunity, strengthening national security, and exercising fiscal discipline.

"The President's proposed budget for Treasury supports the Department's pro-growth priorities and commitment to promoting economic growth and stability, and ensuring the safety, soundness, and security of the U.S. and international financial systems," said Treasury Secretary Henry M. Paulson, Jr.    » read more »

February 5, 2008, Washington, DC -- Opening Statement by Secretary Henry M. Paulson, Jr. on the President’s Fiscal Year 2009 Budget before the United States Senate Committee on Finance:    » read more »

January 24, 2008 -- SECRETARY PAULSON: Let me just make a few comments, and then we'll take your questions. First of all, I very much thank the President for his leadership. Last Thursday, when we talked with the congressional leaders, he made the point that this is a compelling issue, it's of the utmost importance to the American people, and bipartisan cooperation is key, putting out principles, working with leaders that shared the same principles at the outset were able to come to an important agreement.    » read more »

Public-Private Partnerships Play Key Role in Economic Development

12/19/2007 -- With 40 percent of the nation's imports flowing through California ports, California Governor Arnold Schwarzenegger and U.S. Treasury Secretary Henry Paulson Jr. today participated in an economic roundtable to discuss the critical importance of trade in California's and the United States' economic strength.    » read more »

Final round of New Markets Tax Credits specifically for GO Zone

Oct 05, 2007 -- BATON ROUGE - Louisiana Governor Kathleen Babineaux Blanco and Louisiana Economic Development Secretary Michael J. Olivier issued the following statements today after U.S. Treasury Deputy Secretary Robert M. Kimmitt announced $3.9 billion in New Markets Tax Credits allocations.    » read more »

Asks Regulators To Change Focus To Mortgage Market—Only Way To Solve Crisis Of Confidence; Non-Bank Lenders Who Sell Off Mortgages Have Left Distressed Homeowners With No Workout Options; Regulators, Private Industry Must Step into Breach to Defray Crisis

August 22, 2007 -- Washington, DC—Today, Senator Charles E.    » read more »

21 August 2007 -- The fallout from bad loans in the U.S. housing sector Tuesday continued to affect global financial markets. The U.S. treasury secretary and central bank chief met with a key congressional leader to discuss economic woes caused by problems in the U.S. housing market.    » read more »

August 15, 2007 -- The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today added to its list of Specially Designated Narcotics Traffickers 23 Colombian individuals and 23 Colombian companies tied to Juan Carlos Ramirez Abadia (a.k.a. Chupeta), a leader of Colombia's North Valle drug cartel.    » read more »

NEW YORK, 7/27/2007 - The American Civil Liberties Union (ACLU) today issued a warning about a little noticed presidential Executive Order recently issued by the White House. Although the order is ostensibly aimed at supporters of the insurgency in Iraq, the civil liberties group warned that its sweeping provisions posed risks for residents of the United States and for humanitarian work in Iraq.    » read more »

July 6, 2007 -- Crazy Horse, South Dakota – The director of the U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund, Kimberly A. Reed, visited South Dakota's Crazy Horse Memorial today to announce awards totaling $3,632,292 to 19 organizations serving Native American or Alaskan Native communities in 12 states. The awards were made through the CDFI Fund's Native American CDFI Assistance (NACA) Program.    » read more »

28 June 2007 -- U.S.Treasury Secretary Henry Paulson says globalization has been a positive force on the world economy, reducing poverty and spurring development around the globe. At the same time, he acknowledges the benefits of globalization are not being shared equally and this has led to a backlash against it.

Speaking at the New York Stock Exchange, Secretary Pauslon said globalization is the key economic issue facing business and governments today.    » read more »

June 15, 2007 -- Washington, D.C.--The Treasury Department today announced that on June 7, 2007 the United States delivered to the Government of Sweden a notice of termination of the tax treaty between the two countries with respect to estates, inheritances, and gifts.

In accordance with the provisions of the treaty, the notice of termination provides that the treaty will cease to have effect as of January 1, 2008.

At the time the treaty was signed, Sweden maintained a tax on inheritances and gifts.    » read more »