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    Treasury Is Misinforming the American Public about Ukraine and IMF Reforms

    A U.S. Treasury Department spokesperson blogged last week about “Why IMF Quota and Governance Reforms are Urgently Needed” and implied that opponents of President Obama’s campaign to demand that Congress link passage of International Monetary Fund (IMF) reforms to any U.S. help for Ukraine are guilty of spreading “myths.” In … More

    By How Much Did Congress Increase the Debt Ceiling? Hint: It’s a Trick Question

    Just a few weeks before President Obama releases his budget proposal to boost deficit spending for the remainder of his term, Congress voted to “raise the nation’s borrowing limit through March 2015.” But there’s one big question: By how much did Congress raise the debt limit, exactly? As Heritage’s Romina … More

    Government Report Warns Obamacare Subsidies Are Ripe for Fraud

    For months, Heritage scholars have warned that the Obama Administration created incentives for fraud by allowing Obamacare insurance subsidies to basically operate under an “honor system” instead of requiring the IRS to verify incomes of Americans eligible for subsidies. The Treasury Department’s watchdog confirmed those fears by warning that Obamacare … More

    Moody's on Debt Limit: Calling Obama's Bluff on Default

    A voice of reason emerged today among the doomsday predictions over a U.S. government default if the debt limit is not raised by mid-October. The Washington Post reports that Moody’s, a top credit rating service, suggested that hitting the debt limit does not mean the U.S. would default: “We believe … More

    The Real IRS Scandal

    Contrary to President Obama’s claim last week in a speech at Knox College, the political targeting of conservative organizations by the IRS is not a “phony scandal.” It is a real scandal that brings into focus the danger of an all-powerful federal government, particularly an agency like the IRS, which … More

    Can We Trust the Justice Department in the New IRS Scandal?

    The Washington Times is reporting that the U.S. Department of the Treasury Inspector General (IG) for Tax Administration has admitted privately to Senator Chuck Grassley (R–IA) that the IRS “targeted for audit candidates for public office.” Fresh on the heels of the May 14 IG report that alerted the American … More

    Administration Jumps the Language Barrier on Burma-North Korea Ties

    To achieve American aims in Burma, a policy is needed that clearly lays out the benchmarks of reform and consequences of Burma’s failure to meet them. Lately, these measurements have been anything but clear. The U.S. Department of the Treasury recently sanctioned Lieutenant General Thein Htay, the head of Burma’s … More

    It's Official: Administration Admits Obamacare Is a Job-Killer

    Bloomberg News reported this evening that the Obama Administration is set to announce a one-year delay in enforcement of Obamacare’s employer mandate, a move the Treasury Department recently confirmed in a blog post. However, the problem is not just Obamacare’s employer mandate—the real problem is Obamacare itself. The same individuals … More

    Backdoor Bailouts Begin

    The Treasury Department’s release of $100 million from the Hardest Hit Fund last week amounts to a federal bailout of five Michigan cities without congressional oversight or approval. The Hardest Hit Fund, part of the 2008 Troubled Asset Relief Program, was intended to provide assistance to homeowners in states particularly … More

    Treasury Employs Extraordinary Measures to Spend Beyond Debt Limit

    After hitting the debt limit on March 19, the Treasury Department under Secretary Jack Lew is now employing its toolset of “extraordinary measures” to continue deficit spending without legally breaching the debt limit. It will provide about $260 billion in borrowing capacity, which should last beyond at least Labor Day, … More