Category: US
-
Preliminary Annual Report: U.S. Holdings of Foreign Securities at Year-End 2022
Today, preliminary data from the annual survey of U.S. portfolio holdings of foreign securities at the close of 2022 were unveiled and made available on the Treasury website. The final report, scheduled for release on October 31, 2023, will provide additional insights and potential data revisions. This comprehensive survey was a collaborative effort involving the…
-
Treasury Secretary Janet Yellen and Vice President Kamala Harris Emphasize Benefits of Unions for U.S. Economy
In a press call underscoring the pivotal role of labor unions in bolstering the U.S. economy, Secretary of the Treasury Janet L. Yellen and Vice President Kamala Harris highlighted the Biden-Harris Administration’s commitment to supporting American workers and fostering a fairer labor market. The call coincided with the release of a Treasury Department report that…
-
US Treasury and IRS Unveil Guidance to Boost Clean Energy Employment and Workforce Expansion
In a significant stride towards advancing President Biden’s “Investing in America” initiative, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) have jointly released proposed rules and FAQs concerning key provisions within the Inflation Reduction Act. This guidance, which marks the completion of Phase 1 of the Treasury Department’s implementation of the…
-
Prioritizing Security in Artificial Intelligence: A Call for Secure by Design Approach
As discussions surrounding artificial intelligence (AI) often involve intricate technical details, it’s imperative to recognize that AI is fundamentally a type of software system. In light of this, experts from the National Security Agency (NSA) and the Cybersecurity and Infrastructure Security Agency (CISA) are underscoring the importance of implementing a Secure by Design approach to…
-
Government Agencies Recommend Preparing for Post-Quantum Cryptography
In a joint effort, the National Security Agency (NSA), the Cybersecurity and Infrastructure Security Agency (CISA), and the National Institute of Standards and Technology (NIST) have issued a warning regarding the potential vulnerability of sensitive information to cyber threats. They emphasize that cyber actors could exploit future quantum computing advancements to breach traditional cryptographic algorithms,…
-
CISA Introduces Groundbreaking JCDC Remote Monitoring and Management Systems Cyber Defense Plan
In a pioneering move to fortify cybersecurity measures, the Cybersecurity and Infrastructure Security Agency (CISA) has unveiled the Cyber Defense Plan for Remote Monitoring and Management (RMM). This innovative plan, developed through the Joint Cyber Defense Collaborative (JCDC), marks an essential step in CISA’s 2023 Planning Agenda. By fostering collaborative efforts between industry and government…
-
CISA Unveils Infrastructure Resilience Planning Framework Launchpoint for Enhanced Community Preparedness
The Cybersecurity and Infrastructure Security Agency (CISA) has introduced the Infrastructure Resilience Planning Framework (IRPF) Launchpoint, an innovative resource designed to aid users in swiftly navigating IRPF guidance and concepts tailored to their distinct requirements. The IRPF Launchpoint functions as a self-appraisal tool, empowering users to contemplate the resilience objectives of their communities and initiate…
-
U.S. Agencies Collaborate to Enhance Internet Routing Security
The Border Gateway Protocol (BGP), a fundamental yet often overlooked aspect of the Internet, plays a pivotal role in routing data efficiently across the digital landscape. However, its vulnerabilities can have serious repercussions for critical services upon which Americans rely. In a joint effort, the Federal Communications Commission (FCC) and the Cybersecurity and Infrastructure Security…
-
Cybersecurity Agencies Collaborate to Address Pervasive Software Vulnerabilities
Leading cybersecurity agencies, including the U.S. Cybersecurity and Infrastructure Security Agency (CISA), the National Security Agency (NSA), the Federal Bureau of Investigation (FBI), and their international counterparts, have jointly issued a Cybersecurity Advisory (CSA) focusing on the most frequently exploited software vulnerabilities in 2022. The CSA aims to address the critical issue of malicious actors…
-
NIST Pioneers Breakthroughs to Elevate Portable MRI Technology and Expand Medical Capabilities
Magnetic Resonance Imaging (MRI) has been a cornerstone of medical diagnostics, illuminating soft tissue features and aiding in disease detection. However, the high costs and bulky nature of conventional MRI machines have confined their use to large medical facilities. In response, a new era of portable and affordable MRI systems with lower-strength magnetic fields is…
-
NIST Unveils Major Overhaul of Cybersecurity Framework to Cater to Diverse Sectors
The National Institute of Standards and Technology (NIST) has undertaken a comprehensive revision of its renowned Cybersecurity Framework (CSF), marking the first significant update since its inception almost a decade ago. NIST has released a draft version of the Cybersecurity Framework 2.0 (CSF 2.0), which aims to address the evolving cybersecurity landscape and enhance the…
-
Secretary of the Treasury Janet L. Yellen Highlights Economic Recovery and Inflation Reduction Act Impact
Las Vegas, Nevada – Secretary of the Treasury Janet L. Yellen delivered a significant address at the IBEW 357 Training Center in Las Vegas, Nevada, discussing the impactful economic recovery driven by President Biden’s policies and the transformative effects of the Inflation Reduction Act. The following excerpts are from the Secretary’s prepared remarks: Addressing the…
-
Secretary of the Treasury Janet L. Yellen Holds Productive Meeting with Indonesian Minister on Energy Transition and Climate Investments
WASHINGTON (August 4, 2023) – Secretary of the Treasury, Janet L. Yellen, held a crucial meeting with Indonesia’s Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, to discuss the Indonesia Just Energy Transition Partnership (JETP) and its Comprehensive Investment and Policy Plan (CIPP). During the meeting, Secretary Yellen commended Indonesia’s dedication to addressing…
-
Department of Commerce and Department of Defense Join Forces to Strengthen U.S. Semiconductor Defense Industrial Base
The United States is taking significant steps to enhance its semiconductor defense industrial base as the Department of Commerce and the Department of Defense signed a Memorandum of Agreement (MOA) to foster collaboration and information sharing between the two departments. This partnership aims to bolster the CHIPS for America’s incentives program, ensuring that investments align…
-
U.S. Department of the Treasury Announces Financial Stability Oversight Council Meeting
The U.S. Department of the Treasury has scheduled a meeting of the Financial Stability Oversight Council (Council) on July 28, 2023. Secretary of the Treasury Janet L. Yellen will preside over the meeting, which will take place at the Treasury Department. The Council’s meeting will be divided into two sessions, an executive session, and a…
-
SEC Charges Digital World SPAC for Material Misrepresentations to Investors
In a significant development, the Securities and Exchange Commission (SEC) has announced the resolution of fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for misleading investors and the SEC itself. The charges are related to material misrepresentations made by DWAC in forms filed with the SEC during its initial…
-
U.S. Treasury Secretary Janet L. Yellen Commends Vietnam’s Economic Growth and Cooperation
U.S. Treasury Secretary Janet L. Yellen met with Governor of the State Bank of Vietnam, Nguyen Thi Hong, in Hanoi today to discuss bilateral economic and financial matters. This meeting marks a significant step forward in the close cooperation between the United States and Vietnam, following their first videoconference two years ago. Secretary Yellen expressed…
-
United States Pledges $230 Million to Support Ukraine’s Economy and Reconstruction
In a significant show of support, the United States has announced an additional investment of $230 million to aid Ukraine’s economy and reconstruction efforts. Administrator Samantha Power, representing the U.S. Agency for International Development (USAID), made this announcement during her visit to Kyiv today. The economic fallout resulting from Russia’s full-scale military invasion has taken…
-
Federal Reserve Board Imposes Enforcement Actions on Deutsche Bank AG and U.S. Affiliates for Sanctions Compliance and Anti-Money Laundering Violations
Federal Reserve Board Imposes Enforcement Actions on Deutsche Bank AG and U.S. Affiliates for Sanctions Compliance and Anti-Money Laundering Violations The Federal Reserve Board has taken decisive action against Deutsche Bank AG, its New York branch, and other U.S. affiliates by announcing two enforcement actions. These actions come as a response to unsafe and unsound…
-
Department of Defense Expands Domestic Graphite Mining and Processing for Large-Capacity Batteries
The Department of Defense’s Office of the Assistant Secretary of Defense for Industrial Base Policy has entered into an agreement with Graphite One (Alaska) to enhance capabilities for domestic graphite mining and processing. The agreement, valued at $37.5 million, aims to secure a reliable and sustainable supply of graphite materials within the United States for…