Treasury Department

Treasury Department

Executive agency responsible for promoting economic prosperity & ensuring financial security of the U.S. | Secretary @StevenMnuchin1 |

961760 followers  •  240 follow  •    •

NEW today: Treasury Releases Report Showing U.S. Childcare System Overburdens Families and Causes Shortages Due to Inadequate Supply

“Looking back, I'm not sure whether I would be here in this job today if I didn't have an excellent babysitter 40 years ago.” Read more about @JanetYellen 's own experience with child care access here:

Over 3 million jobs have been created since the American Rescue Plan was signed into law, & real GDP growth in the first half of the year was strong enough to push economic output above its pre-pandemic peak.

Treasury's @CDFIFund  awarded 191 organizations more than $24.1 million in awards today, which will help emerging CDFIs build their capacity to provide services to low-income and underserved people and communities across America.

Today @TreasuryDepSec  Wally Adeyemo published a new blog post detailing the Department’s work to put racial equity front and center in its first six months of implementing the #AmericanRescuePlan . Check it out:


NEW: The first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15. Roughly 39 million households—covering 88% of children in the US—are slated to begin receiving monthly payments automatically.

When we said we’re working around the clock...

Like millions of #smallbusiness  owners, Tula feared her business wouldn’t survive the economic downturn caused by the pandemic. A PPP loan expansion in the #AmericanRescuePlan  is helping her business make it to the other side so she can continue serving her community.

"Workers shouldn't face higher taxes on their wages than wealthy individuals face on their rewards from capital. @PresElectBiden  believes this and @janetyellen '>@JanetYellen  agree." today speaking about tax compliance and investments in middle-class prosperity.

A well-functioning tax system requires that all taxpayers pay what they owe. An unfortunate characteristic of the current system, however, is a difference in adherence to tax law based on income level. Noncompliance is concentrated at the top of the wealth distribution.

US Treasury is pleased to provide same-day bridge financing of approximately $1.15 billion to help Sudan clear its arrears at the World Bank. This is a key milestone in Sudan’s efforts to advance debt relief and to restore economic stability.

Along with @IRSnews , we’re announcing today that the federal income tax filing due date for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Keep an eye on for more guidance in the coming days.

We know you have many questions about #COVID19 . For the latest information, rely on official sources: For health info: For business info: For tax and info: Stay in the know and stay safe?? @IRSnews