Tag: U.S. Treasury Department
After Q1 loss, R.I. pension fund earns $450M in April rebound
PROVIDENCE – After a $900 million loss in the first quarter of 2020, the state pension fund is starting to rebound.
Pension investments earned $450...
R.I. pension fund loses $900M in Q1
PROVIDENCE – The state pension fund lost nearly $900 million in the first quarter of 2020, with a $600 million hit in March alone...
Federal Reserve System reports annual net income exceeding $63B
PROVIDENCE – The Federal Reserve System’s estimated net income for 2018 is $63.1 billion, the Fed announced. The figure represents the combined profit of...
Treasury sees 2018 borrowing needs surging to $1.34T
NEW YORK - The U.S. Treasury Department said government borrowing this year will more than double from 2017 to $1.34 trillion as the Trump administration...
Trump wants retirement saving rules expanded for small companies
NEW YORK - President Donald Trump plans to issue an executive order Friday directing his administration to make it easier for small businesses to...
Raimondo nominates 25 R.I. investment ‘opportunity zones’ to U.S. Treasury Department
PROVIDENCE – In the federal Tax Cut and Jobs Act of 2017, there was a provision designed to encourage investment in low-income areas that...
R.I. Housing wins $4.7M federal grant
PROVIDENCE - Rhode Island Housing was awarded a $4.7 million grant from the U.S. Treasury Department’s Capital Magnet Fund to preserve 550 apartments and...
Tax cut calculator unveiled by Treasury to verify withholding
NEW YORK - The U.S. Treasury Department unveiled an online calculator Wednesday to help Americans determine whether the amount of federal taxes being withheld from...
Federal audit finds Betaspring intentionally misused $804K
PROVIDENCE – A federal audit released this week claims business-accelerator and consultant Betaspring LLC intentionally misused $803,644 to fund operations in 2012.
A manager of...
Treasury maintains borrowing, notes outlook for rising needs
NEW YORK - The U.S. Treasury Department said it will maintain the issuance of longer-term debt for the sixth straight quarter at $62 billion...
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