Treasury Offering $50 Per New Baby in College Savings Effort
Starting Jan. 1, 2020, every child born or adopted as a Massachusetts resident will be eligible for a free $50 deposit into a college savings account, state officials announced Tuesday
Volcker ‘Fix’ May Cause New Headaches for Wall Street
A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars’ worth of assets not currently caught by the regulation.
FACT Coalition Objects to IRS Exemption
The Washington, D.C.-based Financial Accountability and Corporate Transparency Coalition last week filed a letter with the U.S. Treasury Department objecting to a recent notice from the IRS.
Mortgage Rates Hit Year-To-Date Low
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) last week, showing the 30-year fixed mortgage rate dropped to its lowest mark since Nov. 10, 2016.
Mnuchin Says US Growth Prospects Not Fully Reflected In Markets
U.S. Treasury Secretary Steven Mnuchin said on Friday that he believes financial markets could improve “significantly” once they fully reflect the potential for U.S. economic growth from President Donald Trump’s economic policies.
Fed Hikes Rates In A ‘Vote Of Confidence In The Economy’
As expected, the Federal Reserve raised its benchmark short-term interest rate for the first time in a year, pushing up the federal-funds rate by a quarter percentage point to between 0.50 percent
Trump’s Treasury Pick Targets Taxes, Trade Reforms
President-elect Donald Trump’s pick for U.S. Treasury secretary, Steven Mnuchin, said on Wednesday the administration would target tax reform and trade pact overhauls as top priorities as they seek to achieve 3 percent to 4 percent economic growth.
Wells Fargo Removed As Mass Treasury Underwriter
Massachusetts Treasurer Deb Goldberg has instructed her debt management deputies to immediately remove Wells Fargo from their approved list of underwriters for one year.
