Chester County News and Community Website
WASHINGTON, D.C. — U.S. financial institutions flagged about $17.5 billion in activity potentially tied to health care fraud over a one-year period, giving federal investigators a broad view of suspected …
FinCEN Flags $17.5 Billion in Suspected Health Care Fraud Read More
WASHINGTON, D.C. — The U.S. Treasury Department sanctioned Xinbi Guarantee and two entities supporting its operations last week, escalating federal efforts to disrupt overseas networks accused of facilitating cyber scams, …
Treasury Sanctions Xinbi Guarantee Over Cyber Scam Network Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service proposed rules Sept. 3 that could force as many as 18,000 tax-exempt private schools to eliminate race-based admissions, scholarships and …
Treasury Targets Race-Based Aid at 18,000 Private Schools Read More WASHINGTON, D.C. — The U.S. Treasury Department will at least double the size of its longer-term bond buyback operations to $4 billion or more beginning September 9, expanding support for …
Treasury Doubles Long-Term Bond Buybacks to Bolster Liquidity Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service proposed rules restricting refundable portions of four federal tax credits to U.S. citizens, nationals and qualifying immigrants, a change that …
Treasury Proposes Immigration Limits on Four Tax Credits Read More
DES MOINES, IA — Treasury Secretary Scott Bessent traveled to Iowa last week to promote the Trump administration’s tax and regulatory agenda, meeting manufacturers, agricultural businesses and bankers as the …
Bessent Touts Tax Cuts as Iowa Firms Weigh Investment Read More WASHINGTON, DC — The Committee on Foreign Investment in the United States handled 347 notices and declarations in 2025, with more than half of formal notices advancing to investigation as …
CFIUS Handles 347 Filings as Foreign Deal Scrutiny Stays High Read More
WASHINGTON — The Treasury Department and Internal Revenue Service are preparing regulations for the federal Saver’s Match, which will begin rewarding eligible retirement contributions made in 2027 with government deposits …
Treasury, IRS Sets 2027 Rules for Federal Retirement Match Read More WASHINGTON, DC — The U.S. Treasury Department raised its borrowing estimate for the July-through-September quarter by $68 billion to $739 billion, reflecting weaker projected net cash flows as the government …
Treasury Raises Quarterly Borrowing Estimate to $739 Billion Read More
WASHINGTON, D.C. — The Treasury Department concluded that no major U.S. trading partner manipulated its currency to gain an unfair trade advantage during 2025, while keeping China and nine other …
Treasury Keeps China on Currency Watch List, Sees No Manipulation Read More