WASHINGTON – Secretary of the Treasury Janet L. Yellen today held an introductory virtual meeting with the Vice Premier of the People’s Republic of China, Liu He. Secretary Yellen discussed the Biden-Harris Administration’s plans to support a continued strong economic recovery and the importance of cooperating on areas that are in U.S. interests, while at […]
Category Archives: U.S. Treasury
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with Ukraine Minister of Finance Serhiy Marchenko
WASHINGTON – Earlier today, Deputy Secretary Wally Adeyemo spoke with Ukraine Minister of Finance Serhiy Marchenko. During the call, Deputy Secretary Adeyemo highlighted the United States’ commitment to Ukraine’s sovereignty and territorial integrity. Deputy Secretary Adeyemo and Minister Marchenko discussed the importance of Ukraine’s structural reform agenda and cooperation with international financial institutions. Deputy Secretary […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Virtual Meeting with G7 Finance Ministers and Central Bank Governors
WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen participated in a virtual meeting with the G7 finance ministers and central bank governors. Secretary Yellen emphasized the U.S. commitment to multilateralism to solve global issues and the importance of providing further fiscal support to promote a robust and lasting recovery in the wake […]
Administration’s FY2022 Budget Tax Proposals Will Promote Shared Growth and Prosperity
View the full Greenbook here. “Today’s budget, which includes the American Jobs and Families Plans, makes the necessary investments in both our infrastructure and our people to ensure the post-pandemic chapter of our history is a strong and prosperous one. Importantly, too, this budget puts our country on a long-term fiscally sustainable path through fair […]
Agencies Extend Favorable Community Reinvestment Act Consideration of Revitalization Activities in Certain Disaster Areas Affected by Hurricane Maria
News Release 2021-62 | May 27, 2021 Share This Page: WASHINGTON—The federal bank regulatory agencies today announced they are extending the period for giving favorable consideration under Community Reinvestment Act (CRA) regulations to institutions located outside of Puerto Rico and the U.S. Virgin Islands, for bank activities that continue to help revitalize or stabilize these areas […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Humanitarian NGOs
Earlier today, Deputy Secretary of the Treasury Wally Adeyemo met with representatives from 11 non-governmental organizations (NGOs) engaged in global humanitarian aid and activities to discuss Treasury’s shared interest in ensuring that U.S. sanctions are thoughtfully calibrated to target malign actors and activity while balancing essential humanitarian activities and protecting the U.S. financial system. As […]
Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on Financial Services and General Government Committee on Appropriations, U.S. House of Representatives
Chairman Quigley, Ranking Member Womack, thank you for inviting me to join you today. I look forward to your questions, but first, I want to briefly discuss the state of our economy and the state of the Treasury Department. Because I believe one depends on the other. Our economy is recovering from the pandemic, but […]
OCC Announces Virtual Compliance Risk Workshops for Community Bank Directors
News Release 2021-61 | May 26, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced a schedule of free, virtual workshops on compliance risk for boards of directors of community national banks and federal savings associations. The OCC examiner-led workshops provide training and guidance on the critical elements […]
Remarks by Secretary of the Treasury Janet L. Yellen to the Financial Literacy and Education Commission
As prepared for delivery Thank you so much for joining us. I’m so glad to chair this meeting of the Financial Literacy and Education Commission, and I am very enthusiastic about the chosen topic: addressing some of the longstanding inequalities in our country; the fact that our economy worked has never worked fairly for people […]
More than 1.8 million additional Economic Impact Payments disbursed under the American Rescue Plan; total payments reach nearly 167 million
WASHINGTON — Today, the U.S. Department of the Treasury, the Internal Revenue Service, and the Bureau of the Fiscal Service announced they have disbursed more than 1.8 million additional Economic Impact Payments under the American Rescue Plan. Today’s announcement covering the most recent two weeks of the effort brings the total disbursed so far to […]