Tag Archives: Treasury Department

The Treasury Department on Friday released new guidance on President Donald Trump’s “no tax on tips” promise, narrowing the scope of workers eligible to benefit from the recently enacted tax break. The proposed regulations, submitted to the Federal Register, spell out which occupations qualify, what counts as a “tip,” and …

In a suit brought by 19 Democratic attorneys general, a federal judge in New York on Friday night in a preliminary injunction blocked the U.S. DOGE Service from accessing the Department of Treasury’s payment systems. “We just won a court order stopping DOGE and unauthorized, unelected, and unvetted individuals like Elon …

House Democrats unveiled new legislation Thursday aimed at preventing Elon Musk and the Department of Government Efficiency (DOGE) from accessing sensitive taxpayer and financial data through the federal government’s payment system. The Taxpayer Data Protection Act, introduced by Reps. Haley Stevens (D-MI) and Sean Casten (D-IL), would impose strict security …

Jennifer Shutt, Pennsylvania Capital-Star The nation reached its debt limit Thursday, beginning the uncertain process known as extraordinary measures, in which the U.S. Treasury Department uses accounting maneuvers to avoid defaulting on the debt. The often-used practice is intended to give the Republican House, Democratic Senate and Biden administration time …

The United States Treasury Department said Friday it would reallocate $1.1 billion in pandemic rental assistance from places where it went unused to states and cities with a higher need for the aid. California will receive about $50 million in reallocated funds, the most of any state. New Jersey will …

Yesterday, Congresswoman Cori Bush (MO-01) introduced legislation to improve and expand access to emergency rental assistance by allowing individuals to apply for funds at public schools, libraries, transit systems, housing authorities, the United States Postal Service, and other public entities. $40 billion in rental assistance is still sitting, waiting to …

The Department of Justice on Friday directed the United States Department of the Treasury to turn over former President Donald Trump’s tax returns to the House Way and Means Committee. “The Chairman of the House Ways and Means Committee has invoked sufficient reasons for requesting the former President’s tax information,” …

U.S. Attorney General Merrick Garland today directed the establishment of the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across the government to enhance enforcement efforts against COVID-19 related fraud. “The task force will augment and incorporate the existing coordination …

13 Republican state attorneys general are suing the Biden administration over a provision in the $1.9 trillion relief bill. The provision prohibits states from using federal aid to offset tax cuts. “Never before has the federal government attempted such a complete takeover of state finances,” Patrick Morrisey, West Virginia Attorney …