Tag: Treasury Department
U.S. budget gap widens to $747B in 9 months through June
WASHINGTON – The United States budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising...
It’s over: States lose fight against SALT deduction cap
WASHINGTON – New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was...
Federal banking regulators issue bulletin on new student loan program
PROVIDENCE – The Treasury Department has issued a bulletin to banks and other financial institutions apprising them of new legislation that allows them to...
U.S. budget deficit hits widest on record for month of Nov.
NEW YORK - The United States posted the widest November budget deficit on record as spending doubled revenue.Outlays jumped 18 percent to $411 billion last...
Federal debt is surging at fastest pace since 2012
NEW YORK - United States government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails...
Trump’s first annual budget deficit climbs to a six-year high
NEW YORK - The United States budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012...
Four states claim federal tax-deduction cap infringes rights
NEW YORK - Four Democratic-led northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and...
U.S. budget deficit jumps in first nine months of fiscal year
NEW YORK - The United States budget deficit widened by 16 percent to $607 billion three-quarters of the way through Donald Trump’s first full...
Pass-through tax guidance delayed until end of July
NEW YORK - U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent...
Treasury Department approves R.I.’s 25 census tracts for opportunity-zone program
In mid-April, R.I. Commerce Corp. identified 25 low-income census tracts across 15 cities and towns in Rhode Island as opportunity zones, including Bristol’s tract...
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