The Biden-Harris Administration’s Inflation Reduction Act is working – saving American families thousands on fuel and maintenance costs. Since January, consumers have saved more than $2 billion in upfront costs on the purchase of clean vehicles. Consumers are saving up front and over the course of their car purchase with $1,750 in savings on gas and maintenance each year and $21,000 saved over the lifetime of the vehicle. The U.S. Department of the Treasury and the Internal Revenue Service are working every day to lower transportation costs for American families with financial incentives that accelerate the transition to a clean energy economy. https://lnkd.in/eYDUuS4y
U.S. Department of the Treasury
Government Administration
Washington, DC 138,878 followers
This is the official account of the U.S. Department of the Treasury.
About us
The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. The Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise standards of living, and to the extent possible, predict and prevent economic and financial crises. The Treasury Department also performs a critical and far-reaching role in enhancing national security by implementing economic sanctions against foreign threats to the U.S., identifying and targeting the financial support networks of national security threats, and improving the safeguards of our financial systems.
- Website
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https://home.treasury.gov/
External link for U.S. Department of the Treasury
- Industry
- Government Administration
- Company size
- 10,001+ employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1789
Locations
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Primary
1500 Pennsylvania Ave NW
Washington, DC 20005, US
Employees at U.S. Department of the Treasury
Updates
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Secretary Yellen shared with Steve Liesman on CNBC that all signs suggest we’re on a path to a soft landing with a healthy labor market and inflation down considerably. The U.S. Department of the Treasury is working everyday to lower costs for families, support long-term growth, and ensure financial stability.
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Today, the U.S. Department of the Treasury and the Internal Revenue Service in partnership with the U.S. Department of Energy (DOE) announced that Treasury and IRS have received over 50,000 applications requesting over 6 gigawatts of capacity for clean energy projects across the country through the 2024 Program Year of the Inflation Reduction Act’s Low-Income Communities Bonus Credit Program. This program is central to the U.S. Departments of the Treasury’s commitment to lowering costs for families across the country. Applications for the 2024 Program Year are being accepted on a rolling basis for a few more weeks. Visit https://lnkd.in/eR__irze for more details.
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Deputy Secretary Adeyemo met with Iraqi Prime Minister Mohammed Shia’ Al Sudani on the sidelines of the UN General Assembly. In their conversation, Deputy Secretary Adeyemo raised the prime minister’s reform plans and our countries’ shared work to combat terrorist financing. https://lnkd.in/euVtiMYE
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Prime Minister Mohammed Shiaa’ al Sudani of Iraq
home.treasury.gov
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Today, Deputy Secretary Adeyemo met with King Abdullah II bin Al-Hussein of Jordan. He underscored the deep and strategic partnership between the United States and Jordan. He noted that Jordan remains an anchor of stability in the region, even while facing economic and humanitarian challenges from the war in Gaza. https://lnkd.in/ebveABYe
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with His Majesty King Abdullah II of Jordan
home.treasury.gov
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In the Wall Street Journal, Secretary Yellen reflects on America’s economic outlook, with inflation significantly down, a strong labor market, and our economy on the path to a soft landing. https://lnkd.in/etfbcDYk President Biden and Vice President Harris are committed to building on this progress by working to lower costs and drive investments in our economic future.
Opinion | The Biden-Harris Economic Success
wsj.com
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We're hiring a Policy Analyst at Treasury’s Office of Global Transactions! Work on national security risks tied to global investments in sensitive technologies. Open to U.S. Citizens & Status Candidates. Apply now! 🔗 U.S. Citizens: https://lnkd.in/edPrCkbC 🔗 Status Candidates: https://lnkd.in/e96Cx_tM #PolicyAnalyst #TreasuryJobs #NationalSecurity #Careers #Hiring
Policy Analyst
usajobs.gov
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We're hiring a Senior Policy Advisor at Treasury’s Office of Global Transactions! Work on national security risks related to global investments in sensitive technologies. Open to U.S. Citizens & Status Candidates. Apply now! 🔗 U.S. Citizens: https://lnkd.in/eVX3Wx2h 🔗 Status Candidates: https://lnkd.in/eiz2USyn #PolicyAdvisor #TreasuryJobs #NationalSecurity #Careers #Hiring
Senior Policy Advisor
usajobs.gov
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The U.S. Department of the Treasury and the IRS released new guidance on the Alternative Fuel Refueling Property Credit, which has been expanded under the Biden-Harris Administration’s Inflation Reduction Act. This credit is designed to lower transportation costs, increase energy security, and make clean vehicles more affordable for American families and businesses. https://lnkd.in/eBNP26wq
U.S. Department of the Treasury Releases Guidance to Expand Clean Vehicle Recharging and Refueling Infrastructure and Lower Transportation Costs for Americans
home.treasury.gov
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Under Secretary Nellie Liang delivered remarks at Georgetown University’s Financial Markets Quality Conference. Liang highlighted steps the U.S. Department of the Treasury is taking to make the Treasury market more transparent and more resilient.