<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Treasury Department Archives - The Hemet &amp; San Jacinto Chronicle</title>
	<atom:link href="https://hsjchronicle.com/tag/treasury-department/feed/" rel="self" type="application/rss+xml" />
	<link>https://hsjchronicle.com/tag/treasury-department/</link>
	<description>The Hemet &#38; San Jacinto Chronicle</description>
	<lastBuildDate>Thu, 06 Feb 2025 23:35:51 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.0</generator>

<image>
	<url>https://hsjchronicle.com/wp-content/uploads/2019/06/HSJC_favicon_49px.jpg</url>
	<title>Treasury Department Archives - The Hemet &amp; San Jacinto Chronicle</title>
	<link>https://hsjchronicle.com/tag/treasury-department/</link>
	<width>32</width>
	<height>32</height>
</image> 
<site xmlns="com-wordpress:feed-additions:1">254957898</site>	<item>
		<title>DOGE was tasked with stopping Treasury payments to USAID, AP sources say</title>
		<link>https://hsjchronicle.com/doge-was-tasked-with-stopping-treasury-payments-to-usaid-ap-sources-say/</link>
					<comments>https://hsjchronicle.com/doge-was-tasked-with-stopping-treasury-payments-to-usaid-ap-sources-say/#respond</comments>
		
		<dc:creator><![CDATA[Associated Press]]></dc:creator>
		<pubDate>Sun, 09 Feb 2025 03:30:00 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Elon Musk]]></category>
		<category><![CDATA[Federal Funding]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Treasury Department]]></category>
		<category><![CDATA[USAID]]></category>
		<guid isPermaLink="false">https://hsjchronicle.com/?p=65586</guid>

					<description><![CDATA[<p>WASHINGTON (AP) — Officials working with Elon Musk’s Department of Government Efficiency sought access to the U.S.&#160;Department of Treasury&#160;payment system to stop money from flowing to the U.S. Agency for International Development, according to two people familiar with the matter. DOGE’s efforts to stop USAID payments undermine assurances that the department gave to federal lawmakers [&#8230;]</p>
<p>The post <a href="https://hsjchronicle.com/doge-was-tasked-with-stopping-treasury-payments-to-usaid-ap-sources-say/">DOGE was tasked with stopping Treasury payments to USAID, AP sources say</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">WASHINGTON (AP) — Officials working with Elon Musk’s Department of Government Efficiency sought access to the U.S.&nbsp;<a href="https://apnews.com/hub/us-department-of-the-treasury">Department of Treasury</a>&nbsp;payment system to stop money from flowing to the U.S. Agency for International Development, according to two people familiar with the matter.</p>



<p class="wp-block-paragraph">DOGE’s efforts to stop USAID payments undermine assurances that the department gave to federal lawmakers in a Tuesday letter that it sought only to review the integrity of the payments and had “read-only access” to the system as part of an audit process.</p>



<p class="wp-block-paragraph">The two people familiar with the matter spoke Thursday to The Associated Press on condition of anonymity for fear of retaliation.</p>



<p class="wp-block-paragraph">The actions by DOGE, a Trump administration effort to find ways to&nbsp;<a href="https://apnews.com/article/biden-2024-government-regulations-democrats-6badc3b424b9eff3ba51e0ec35a8d824">reduce the federal workforce</a>, cut programs and slash federal regulations, have raised concerns among civil servants, Democratic lawmakers and others that Musk’s team is withholding funds appropriated by Congress to suit the president’s political agenda.</p>



<p class="wp-block-paragraph">USAID, a federal agency charged with delivering humanitarian assistance overseas, has been a particular target of President&nbsp;<a href="https://apnews.com/article/donald-trump-constitution-courts-lawsuits-796543ab4a3d5589f47fd66fd9d6bfef">Donald Trump</a>&nbsp;and Musk, both of whom have argued that&nbsp;<a href="https://apnews.com/article/usaid-foreign-aid-freeze-trump-peter-marocco-8253d7dda766df89e10390c1645e78aa">much of the agency’s spending is wasteful</a>. Supporters of the agency, however, say that it is essential for national security, helping counter Russian and Chinese influence while providing humanitarian assistance across the globe.</p>



<p class="wp-block-paragraph">A judge on&nbsp;<a href="https://apnews.com/article/buyout-offer-deadline-trump-federal-workers-ce854b19c41b90cd657f75cf09511e96">Thursday</a>&nbsp;sided with advocates and federal workers unions who sought to stop the department from giving DOGE and Musk access to the payment systems. U.S. District Judge Colleen Kollar-Kotelly restricted DOGE’s read-only access to Tom Krause, a software CEO, and Marko Elez, who reported to Krause but has since left his role at Treasury. The White House did not immediately respond to a request for comment.</p>



<p class="wp-block-paragraph">The Treasury Department’s Fiscal Service conducts over 1.2 billion transactions annually and accounts for 90% of federal disbursements, including for Social Security and Medicare.</p>



<p class="wp-block-paragraph">Krause, who is listed online as the CEO of Cloud Software Group, works at the department as a special government employee and is subject to less stringent rules on ethics and financial disclosures than other federal workers.</p>



<p class="wp-block-paragraph">The department’s acting deputy secretary, David Lebryk, retired after more than 30 years of service when Krause and DOGE requested access to sensitive data, the two people told The AP.</p>



<figure class="wp-block-image is-resized"><img decoding="async" src="https://dims.apnews.com/dims4/default/bf9a3ac/2147483647/strip/true/crop/4032x3024+0+0/resize/599x449!/quality/90/?url=https%3A%2F%2Fassets.apnews.com%2F3a%2Fad%2F298d0e641452c360c22b686f1fdd%2Fc63fe967a3524d49a11d9f6b0ee8c042" alt="Protesters gather at the Ohio Statehouse in Columbus, Ohio, to demonstrate against the actions of Republican President Donald Trump and billionaire ally Elon Musk. (AP Photo/Julie Carr Smyth)" style="width:832px;height:auto"/><figcaption class="wp-element-caption">Protesters gather at the Ohio Statehouse in Columbus, Ohio, to demonstrate against the actions of Republican President Donald Trump and billionaire ally Elon Musk. (AP Photo/Julie Carr Smyth)</figcaption></figure>



<p class="wp-block-paragraph">Trump ordered a funding freeze at USAID his first day in office, saying, “the United States foreign aid industry” was “not aligned with American interests.” The funding freeze and subsequent stop-work orders shuttered most U.S. programs, which are worth billions of dollars and are in more than 100 countries.</p>



<p class="wp-block-paragraph">While the funding freeze is supposed to last for as little as 90 days, aid workers say the damage done to aid work globally would require extensive investment and rebuilding to mend. Musk has tweeted repeated criticisms and unsubstantiated accusations about USAID as his DOGE crew dismantles much of the agency.</p>



<p class="wp-block-paragraph">“Spent the weekend feeding USAID into the wood chipper,” Musk tweeted early this week.</p>



<p class="wp-block-paragraph">The news that the department was trying to stop foreign aid payments was first reported by The New York Times.<a href="https://apnews.com/author/fatima-hussein"></a></p>
<p>The post <a href="https://hsjchronicle.com/doge-was-tasked-with-stopping-treasury-payments-to-usaid-ap-sources-say/">DOGE was tasked with stopping Treasury payments to USAID, AP sources say</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://hsjchronicle.com/doge-was-tasked-with-stopping-treasury-payments-to-usaid-ap-sources-say/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">65586</post-id>	</item>
		<item>
		<title>Small Business Administration and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program</title>
		<link>https://hsjchronicle.com/small-business-administration-and-treasury-department-announce-10-billion-for-cdfis-to-participate-in-the-paycheck-protection-program/</link>
					<comments>https://hsjchronicle.com/small-business-administration-and-treasury-department-announce-10-billion-for-cdfis-to-participate-in-the-paycheck-protection-program/#respond</comments>
		
		<dc:creator><![CDATA[Contributed]]></dc:creator>
		<pubDate>Sat, 06 Jun 2020 04:00:00 +0000</pubDate>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[CDFI]]></category>
		<category><![CDATA[Paycheck Protection]]></category>
		<category><![CDATA[Small Business Administration]]></category>
		<category><![CDATA[Treasury Department]]></category>
		<guid isPermaLink="false">https://hsjchronicle.com/?p=28191</guid>

					<description><![CDATA[<p>On May 28, 2020, the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program</p>
<p>The post <a href="https://hsjchronicle.com/small-business-administration-and-treasury-department-announce-10-billion-for-cdfis-to-participate-in-the-paycheck-protection-program/">Small Business Administration and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-right wp-block-paragraph">(<em>Paycheck Protection</em>)</p>



<p class="wp-block-paragraph">On May 28, 2020, the U.S. <a href="https://www.sba.gov/">Small Business Administration</a>, in consultation with the U.S. <a href="https://home.treasury.gov/">Treasury Department</a>, announced that it is setting aside $10 billion of Round 2 funding for the<a href="https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program"> Paycheck Protection Program</a> (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs). CDFIs work to expand economic opportunity in low-income communities by providing access to financial products and services for local residents and businesses. These dedicated funds will further ensure that the PPP reaches all communities in need of relief during the COVID-19 pandemic &#8211; a key priority for President Trump.</p>



<p class="wp-block-paragraph">“The forgivable loan program, PPP, is dedicated to providing emergency capital to sustain our nation’s small businesses, the drivers of our economy, and retain their employees,” said SBA Administrator Jovita Carranza. “CDFIs provide critically important capital and technical assistance to small businesses from rural, minority and other underserved communities, especially during this economically challenging time.”</p>



<p class="wp-block-paragraph">“The PPP has helped over 50 million American workers stay connected to their jobs and over 4 million small businesses get much-needed relief,” said Treasury Secretary Steven T. Mnuchin. “We have received bipartisan support for dedicating these funds for CDFIs to ensure that traditionally underserved communities have every opportunity to emerge from the pandemic stronger than before.”</p>



<p class="wp-block-paragraph">As of May 23, 2020, CDFIs have approved more than $7 billion ($3.2 billion in Round 2) in PPP loans. The additional $6.8 billion will ensure that entrepreneurs and small business owners in all communities have easy access to the financial system, and that they receive much-needed capital to maintain their workforces.</p>



<p class="wp-block-paragraph">The Paycheck Protection Program was created by the Coronavirus, Aid, Relief, and Economic Security Act (CARES Act) and provides forgivable loans to small businesses affected by the COVID-19 pandemic to keep their employees on the payroll. To date, more than 4.4 million loans have been approved for over $510 billion for small businesses across America.</p>



<p class="wp-block-paragraph">The Small Business Administration and the Treasury Department remain committed to ensuring eligible small businesses have the resources they need to get through this time.</p>



<p class="wp-block-paragraph">Find your latest news here at the <a href="https://hsjchronicle.com/">Hemet &amp; San Jacinto Chronicle</a> </p>



<p class="wp-block-paragraph">Search: Paycheck Protection</p>
<p>The post <a href="https://hsjchronicle.com/small-business-administration-and-treasury-department-announce-10-billion-for-cdfis-to-participate-in-the-paycheck-protection-program/">Small Business Administration and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://hsjchronicle.com/small-business-administration-and-treasury-department-announce-10-billion-for-cdfis-to-participate-in-the-paycheck-protection-program/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">28191</post-id>	</item>
	</channel>
</rss>
