In the year ending in the third quarter of 2024, the median American worker could afford the same goods and services as they did in 2019, plus an additional $1,600 to spend or save per year.In the third quarter of 2024, median weekly real earnings—that is, earnings that have been adju...
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By Jeanette Quick, Deputy Assistant Secretary for Financial Institutions PolicyOn July 10, 2024, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) hosted a roundtable to discuss the title insurance industry and analyze potential reforms.[1] FIO convened the roundtab...
WASHINGTON – Scott Bessent was sworn in as the 79th Secretary of the Treasury by Supreme Court Justice Brett M. Kavanaugh on January 28, 2025. Shortly following the ceremony, Mr. Bessent was welcomed at the doors of the U.S. Treasury at 1500 Pennsylvania Avenue by department employe...
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to the People’s Republic of China (PRC). The oi...
WASHINGTON – Secretary of the Treasury Scott Bessent announced today President Trump’s intent to nominate Luke Pettit and Jason De Sena Trennert for positions at the United States Department of the Treasury. “Luke and Jason will be critical to implementing President Trump’s agenda to...
The following recommendations are non-binding guidance. All must comply with otherwise applicable restrictions.Frequently Asked Questions: BusinessesWhy is penny production being suspended?Over the past 10 years, the total production cost of the penny has risen from 1.3...
WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today launched a new dedicated webpage to confidentially accept whistleblower tips on fraud, money launder...
Sanctions are among the most powerful tools available to the U.S. and UK governments in advancing our respective foreign policy and national security interests. In January 2026, as part of the continuing
The United Kingdom of Great Britain and Northern Ireland and the Republic of Türkiye have today signed a new Security and Defence Partnership at the NATO Summit in Ankara, marking a significant milestone in their strong strategic partnership.The Partnership reflects their shared de...
Parents of young children are facing a constant battle with screens. Now, for the first time, the government is stepping in with clear, trusted guidance to help families navigate it.Following weeks of engagement with over a thousand parents who called for clear support on how much...