As delivered Chairman Brown, Ranking Member Toomey, members of the committee: It’s a pleasure to testify today. We are in the midst of a fragile, but rapid recovery from the pandemic-induced recession. While our economy continues to expand and recapture a substantial share of the jobs lost during 2020, significant challenges from the Delta variant […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with European Commission Executive Vice President and Commissioner for Trade, Valdis Dombrovskis
Yesterday, U.S. Secretary of the Treasury Janet L. Yellen met with European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis. Secretary Yellen emphasized the importance of advancing global tax reform efforts in the OECD/G20 discussions on international taxation and expressed that the Biden-Harris Administration is pleased with the progress the U.S. Congress is making […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Virtual Meeting with the National Association of Federally-Insured Credit Unions
WASHINGTON — Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo met virtually with the National Association of Federally-Insured Credit Unions (NAFCU) to discuss the U.S. economic recovery from COVID-19, the need for Congress to raise or suspend the debt limit, and the Administration’s proposals to grow the economy, among other issues. Deputy Secretary Adeyemo thanked NAFCU’s […]
Treasury Issues General Licenses and Guidance to Facilitate Humanitarian Assistance in Afghanistan
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued two general licenses (GLs) to support the continued flow of humanitarian assistance to the people of Afghanistan and other activities that support basic human needs in Afghanistan. This action continues the U.S. government’s longstanding practice of authorizing the provision […]
READOUT: Deputy Secretary Wally Adeyemo and White House American Rescue Plan Coordinator Gene Sperling Meeting with Faith Leaders
Today Deputy Secretary of the Treasury Wally Adeyemo and White House American Rescue Plan Coordinator Gene Sperling convened a meeting with faith leaders representing a diverse set of congregations and faith-based nonprofits from across the country to discuss efforts to raise awareness about resources included in the American Rescue Plan. Deputy Secretary Adeyemo and Mr. […]
Treasury Announces New U.S. Mint Acting Director
WASHINGTON — Today, the U.S. Department of the Treasury announced Alison Doone as the new Acting Director of the U.S. Mint. Doone previously served as Chief Administrative Officer at the Mint. Doone’s first day as Acting Director will be on October 1 as Director David J. Ryder leaves the bureau to pursue new opportunities. “I’m […]
OCC Releases Fall/Winter Schedule of Virtual Workshops for Community Bank Directors
News Release 2021-102 | September 23, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced its fall and winter schedule of free, virtual workshops for boards of directors of community national banks and federal savings associations. The OCC examiner-led workshops provide practical training and guidance to directors of national community […]
U.S. Treasury Announces Inaugural Round of Small Dollar Loan Program Awards
$10.8 Million Awarded to CDFIs to Provide Alternatives to High Cost Small Dollar Loans WASHINGTON – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded more than $10.8 million in grants to Community Development Financial Institutions (CDFIs) today, through the fiscal year (FY) 2021 round of the Small Dollar Loan […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Irish Finance Minister and Eurogroup President Paschal Donohoe
Earlier today U.S. Secretary of the Treasury Janet L. Yellen spoke with Irish Finance Minister and Eurogroup President Paschal Donohoe. Secretary Yellen emphasized the goal of stabilizing the international tax system and stopping the race to the bottom through this once in a generation opportunity offered by the OECD Inclusive Framework. The Secretary also expressed […]
Former Secretaries of the Treasury Send Letter to Congressional Leadership on the Debt Limit
WASHINGTON – Today, former U.S. Secretaries of the Treasury sent a letter to all members of Congressional leadership regarding the debt limit. The full text of the letter is available here and also available below. September 22, 2021 The Honorable Nancy PelosiSpeakerU.S. House of RepresentativesWashington, DC 20515 Dear Madam Speaker, For 232 years, our […]