Category Archives: U.S. Treasury

JERUSALEM — Deputy Secretary of the Treasury Wally Adeyemo traveled to Israel from November 13 – 15 to discuss economic opportunities, shared national security priorities, including Iran, countering terrorist financing and proliferation financing, and regional terrorist threats. He met with a wide range of top government officials, including Minister of Finance Avigdor Lieberman, Central Bank […]

WASHINGTON — Today Secretary of the Treasury Janet L. Yellen met with Chilean Finance Minister Rodrigo Andrés Cerda. Secretary Yellen highlighted Treasury’s commitment to fighting climate change with all available tools at its disposal, and commended the Minister for Chile’s strong efforts on this front.  Secretary Yellen discussed Chile’s economic policies to cushion the economic […]

WASHINGTON – Today, the Financial Stability Oversight Council (Council) convened in executive session by videoconference. At the meeting, the Council heard a presentation from Treasury staff on the recently issued progress report by staff of agencies participating in the Inter-Agency Working Group on Treasury Market Surveillance. The Council also received an update from Treasury staff […]

Partners Establish Bilateral Task Force to Support Fintech Innovation and Cybersecurity Announcement Part of Biden Administration Efforts to Accelerate International Cooperation to Counter Ransomware JERUSALEM – Building on the long-standing relationship between the Israeli Ministry of Finance and the U.S. Department of the Treasury, Deputy Secretary of the Treasury Wally Adeyemo met with Finance Minister […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four entities and two individuals pursuant to Executive Order (E.O.) 14046 in response to the growing humanitarian and human rights crisis and expanding military conflict in Ethiopia. Today’s action targets Eritrean actors that have contributed to the crisis and […]

Today, The Washington Post published an op-ed by Commissioner of the Internal Revenue Service, Charles P. Rettig. In the piece, Commissioner Rettig urges Congress to enact the administration’s proposal to provide the IRS with $80 billion in vital funding over the next decade. Commissioner Rettig notes: “The Administration estimates $400 billion in additional revenue can […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Cambodian government officials, Chau Phirun (Chau) and Tea Vinh (Tea), for their roles in corruption in Cambodia. These individuals are designated pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability […]

The State Small Business Credit Initiative provides $10 billion to expand access to capital for small businesses emerging from the pandemic, build opportunity, and create high-quality jobs across America. WASHINGTON — Today, the U.S. Department of the Treasury issued capital program implementation guidance for the State Small Business Credit Initiative (SSBCI) Program. The American Rescue […]

WASHINGTON –U.S. Treasury Secretary Janet L. Yellen hosted a meeting with finance ministers of the “Five Finance Ministries”, which includes Australia, Canada, New Zealand, and the United Kingdom. The ministers reviewed the economic response to the COVID-19 pandemic and progress on increasing vaccination rates to save lives and support the economic recovery. Secretary Yellen emphasized to her Five […]

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen delivered remarks at the University of Nevada-Las Vegas (UNLV) Center for Business and Economic Research Outlook Conference. In her speech, Secretary Yellen highlighted the Infrastructure Investment and Jobs Act – the once-in-a-generation investment in our nation’s infrastructure that will grow our economy sustainability and […]