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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...
THE UNITED STATES had the largest November budget deficit ever recorded this year. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

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...
U.S. DEBT was a record $21.9 trillion to start the week. / BLOOMBERG NEWS

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...
THE UNITED STATES budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president. The Treasury reported this month that the government paid $523 billion in total interest in fiscal 2018, the highest on record. / BLOOMBERG NEWS

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...
THE TREASURY DEPARTMENT released a report that said that the United States budget deficit has increased 16 percent in the first three quarters of Donald Trump's first full fiscal year as president. / BLOOMBERG FILE PHOTO/ANDREW HARRER

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...
THE U.S. TREASURY DEPARTMENT has delayed guidance on the rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction, likely until the end of July. / BLOOMBERG FILE PHOTO/DANIEL ACKER

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...
OPPORTUNITY ZONE: Chris Vitale, community-development coordinator for Bristol, stands on Hope Street, one of the areas recently approved by the Treasury Department as an opportunity zone, which will be marketed to developers as a place for ­investment. / PBN PHOTO/MICHAEL SALERNO

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...
A TREASURY DEPARTMENT REVIEW is expected propose measures to dial back the Dodd-Frank Act, rather than repeal it. Above, buildings stand on Wall Street near the New York Stock Exchange. / BLOOMBERG FILE PHOTO/JOHN TAGGART

Trump administration to call for modest changes to banking rules

NEW YORK - The Treasury Department’s much anticipated report on banking regulations is set to include measured proposals for revising post-crisis rules, indicating the Trump...
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