#TreasuryDepartment

1 hour ago.Washington D.C., DC, USA
The Treasury department's climate counsellor position of the climate hub will play an integral role in its work to battle climate change. (Photo: Twitter/@JanetYellen)

  • Morton served as a senior in the Obama administraion
  • Activists had been urging the department to pick former Treasury deputy secretary
  • Morton will directly report to Yellen

Washington, Apr 16 (PTI) India has been exemplary in publishing its foreign exchange market intervention, the US Department of Treasury said in a report to Congress on Friday.

13 April.Washington, D.C., DC, USA
In comparison, the deficit amount at end of March 2020 was $743 billion. (Photo Credit: Representative Image/Unsplash)

  • The deficit surged 454% to $541 billion for March 2021 alone
  • Deficit was a total of $1.7 trillion at the end of March 2021
  • Total spending saw a spike of just over $1 billion

14 March.Washington D.C., DC, USA
US President Joe Biden is yet to give a solid policy for taxes in America (Photo Credit: AFP)

  • Members of the Democratic Party have previously demonstrated support for such tax policies
  • Yellen noted that exceptionally low interest rates have greatly reduced the cost of government borrowing
  • A previous proposal demanded a 2% tax rate for those having more than $50 million

13 March.Washington D.C., DC, USA
The stimulus payments are mandated under the recently passed American Rescue Plan. (Photo Credit: Representational Image/@Unsplash)

  • An individual earning up to $75,000 per year will be eligible for the payment
  • A typical family of four will receive $5,600, if they fit under the criteria
  • Physical cheques are likely to be dispatched later this month