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Treasury Energy Grant Programs in the News

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In the March 16, 16 online edition of The Hill Naoimi Jagoda discusses Senator Orin Hatch (R-UT) questioning Treasury Secretary Jack Lew and IRS Commissioner Koskinen about the lack of oversight in energy grants in the article “Hatch questions Treasury and IRS about energy grant program” .

“This program is far too large with the potential for far too much fraud to simply be left without coordinated and sustained oversight by both the Department and the IRS,” Hatch said.

The article does not go into details about which of the several Treasury energy grant programs it is referring to.

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

Scientists Revive 30,000 year old virus

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Stephanie Papas wrote a great article on 9-15-2015  in Livescience.com about giant frozen viruses, one that is 30,000 years old which scientists were able to revive.   Though not infectious to humans they are able to infect amoebas.

Chantal Abergel, a scientist at the National Center for Scientific Research at Aix-Marseille University in France and co-author of a new study suggested that precautions should be taken when drilling and moving permafrost in the region.

“The researchers’ technique to isolate and study these viruses doesn’t pose a threat to humans or animals, Abergel said, but it’s possible that dangerous viruses do lurk in suspended animation deep belowground, she said. These viruses are buried deep, so it’s likely that only human activities — such as mining and drilling for minerals, oil and natural gas — would disturb them. The discoveries of the giant viruses reveal that they can remain infectious for at least tens of thousands of years, Abergel said. So far, however, scientists have yet to discovery any ancient human-infecting giant viruses.”

The big part of these articles is that these viruses could be revived through the process of global warming.

http://www.livescience.com/52175-ancient-giant-virus-revived-siberia.html

http://www.pnas.org/content/early/2015/09/02/1510795112.abstract

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

U.S. Factories Expand at Slowest Pace since May 2013

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On 9-1-2015 Oliver Renick wrote on Bloomberg how stocks tumble and factories expand at slowest pace since 2013.   S&P’s worst month since 2012 as reports react to struggling China economy.

http://www.bloomberg.com/news/articles/2015-09-01/u-s-index-futures-drop-after-s-p-500-s-worst-month-since-2012

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

T-Bill Rates Jump To Weekly High

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The Associate Press article describes how the interest rates on short term Treasury bills jumped to the highest level in several weeks during the Monday auction.   The article highlights that:

The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.095 percent, up from 0.050 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.270 percent, up from 0.200 percent last week.

http://www.washingtonpost.com/business/rates-jump-at-weekly-us-treasury-bill-auction/2015/08/31/3d53db0c-501e-11e5-b225-90edbd49f362_story.html

 

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

U.S. Treasury Encourages China to Explain Policy Shifts

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On 9-1-15 Jason Lange reported in Reuters that an unnamed Treasury official encouraged China to explain its policies to financial markets and to make a shift to consumer spending to stimulate growth.   Lange highlights that doubts over China’s policy direction has led to turmoil in the financial markets.  For more information see:

http://www.reuters.com/article/2015/09/01/us-g20-usa-idUSKCN0R14IR20150901

 

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

Federal Contractors Learn to Diversify

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Robert McCartney wrote in the Washington Post on 8-29-15 about how many federal contractors are learning to adapt to the reduction in federal budgets by diversifying.  The article highlights that the federal contracts in the region was about $11 billion a year.   It also discuss the challenges to regional coordination to achieve alternative sources of revenue to achieve growth.

http://www.washingtonpost.com/local/heres-how-dc-business-thinks-region-should-react-to-painful-sequestration/2015/08/29/be5b78dc-4c44-11e5-902f-39e9219e574b_story.html

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

China dumping U.S. Treasurys?

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Matt Clinch discussed on 8-28-15 on CNBC China’s acceleration in the selling of its dollar-denominated debt reserves.

China is the biggest holder of reserve assets in the world, holding a combination of bonds, currencies and commodities like gold. It held $1,271 billion in U.S. Treasurys at the end of June, according to data from the Treasury Department.

Rabobank argued that Beijing’s selling of Treasurys probably reflected capital flight out of China, which would push the yuan down. This in turn would reflect concern over the Chinese economy which would “very probably result in falling inflation expectations globally.”

http://www.cnbc.com/2015/08/28/china-dumping-treasurys-heres-what-you-must-know.html

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

National Women’s Hall of Fame will Host a Town Hall to discuss $10 bill

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From Long Island.com, On 8-26-15 Sen. Schumer announced that the National Woman’s Hall of Fame in Seneca Falls NY will host  Treasurer of the United States Rosa “Rosie” Rios in Seneca Falls, NY, which Rios_signswill serve as a site for one of the Department’s public input town halls on the new $10 bill design. Schumer explained that, in June, Secretary of the Treasury, Jack Lew announced the $10 bill would be redesigned to feature a woman in spirit of the 100th anniversary of the 19th Amendment, which guaranteed women the right the vote.

The town hall is set to take place this Monday, August 31, 2015, from 1-2pm in Seneca Falls with Treasurer of the United States Rosie Rios. It will take place at the historic Wesleyan Chapel, located at 126 Fall Street, Seneca Falls, NY, where the original 1848 Seneca Falls Women’s Rights Convention was held.

http://www.longisland.com/news/08-26-15/schumer-new-10-bill-design.html

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

 

Ades Stone and Howard of Women On 20s OP-ED on Treasury’s Choice of the $10 vs $20

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On 8-25-15 The New York Daily News posted an op ed piece by Ades Stone and Howard of “Woman on the 20’s”, about the Treasury’s choice of denomination the $10 or $20.   Woman on the 20’s is an organization that has held on an online poll where 600,000 voted to change the $20.

http://www.nydailynews.com/opinion/stone-howard-woman-place-20-article-1.2337105

 

 

http://www.womenon20s.org/

https://seanmcclure.net/sen-kirsten-gillibrand-urges-treasury-department-to-put-a-woman-on-the-20-bill-instead-of-the-10

About me: Sean McClure is currently a Federal Employee with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State.  He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.

Sen. Kirsten Gillibrand urges Treasury Department to put a woman on the $20 bill instead of the $10

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Sen. Kirsten Gillibrand joined 64 House members from 24 states wrote to Treasury Secretary Jack Lew asking him to delay plans to replace Hamilton, the nation’s first Treasury Secretary and a Founding Father who advocated for a strong federal government and a National Bank that was a Federal Reserve predecessor. (Dan Firedman/Daily News)

http://www.nydailynews.com/news/politics/gillibrand-woman-20-bill-10-article-1.2324009

 

About me: Sean McClure is currently a Federal Employee with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State.  He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.

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