article thumbnail

The Shortest Treasury Bills

Essentials of Corporate Finance

As we mentioned in the textbook, generally the shortest Treasury bills issued are 13 week maturity. However, given the recent debt ceiling problems, the Treasury issued cash management bills (CMBs), with a one day maturity. On Friday, June 2, the Treasury sold $15 billion in one day CMBs, to be issued on June 5 that mature on June 6.

article thumbnail

SEC Chair Speaks About the Treasury Markets and the Debt Ceiling Discussions

Reynolds Holding

5] After all we achieved to reform the swaps markets, Scott O’Malia—your CEO and a former fellow CFTC Commissioner—has asked me to return for yet another lively Chicago discussion, this time about our work in the $24 trillion Treasury markets. Treasuries are embedded in money market funds. Treasuries are embedded in money market funds.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Treasury, IRS Release Additional Information on Clean Vehicle Provisions of Inflation Reduction Act

Machen McChesney

Treasury Department and the IRS, on December 29, 2022, released information on the clean vehicle provisions of the Inflation Reduction Act. The new guidance provides greater clarity to consumers and businesses that, beginning January 1, 2023, are able to access tax benefits from the law’s clean vehicle provisions.

article thumbnail

Buyback Tax Regs Must Be Practical, Treasury Official Says

Law 360 M&A

The IRS and Treasury are working to get out proposed rules on the new excise tax on stock repurchases while also trying to ensure that the agency can administer and enforce the rules, a Treasury official said Saturday.

article thumbnail

Official Says Treasury Pushing Regs For Consolidated Groups

Law 360 M&A

Department of the Treasury is advancing several regulations for corporations filing consolidated tax returns, including guidance that would fix existing obsolete rules, an official said Tuesday.

article thumbnail

Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations

LaPorte

(authored by RSM US LLP) The Treasury Department and the IRS released the 2022-2023 Priority Guidance Plan, which contains a number of items affecting exempt organizations. The post Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations first appeared on LaPorte.

article thumbnail

DOJ, Commerce, and Treasury Issue Advisory on Voluntary Self-Disclosure Policies

Reynolds Holding

The Note follows a speech by Deputy Attorney General Lisa Monaco on March 2, 2023, announcing that NSD would start issuing joint advisories with the Commerce and Treasury Departments, similar to the guidance on the Foreign Corrupt Practices Act (“FCPA”) that the U.S. Department of Justice (“DOJ”) publishes jointly with the U.S.