Category Archives: U.S. Treasury

WASHINGTON – Earlier today, Andy Baukol, Performing the Duties of Under Secretary of the Treasury for International Affairs, and Ambassador Donald Booth, U.S. Special Envoy for Sudan, co-hosted a virtual roundtable event to advance Sudan’s efforts to secure debt relief under the Heavily Indebted Poor Countries (HIPC) initiative.  Treasury welcomed the participation of His Excellency […]

Today, Deputy Secretary Wally Adeyemo met virtually with Tula M. Garris, owner of Tula’s Fish & Chips in Greenville, North Carolina, to hear about the effects the COVID-19 pandemic had on her small business. The discussion was facilitated by the Center for Responsible Lending. Deputy Secretary Adeyemo asked about the challenges Ms. Garris faced weathering the […]

President Outlines Proposals to Support Fairness and Equity in Our Tax System, Invest in Communities and Small Businesses, and Safeguard the U.S. Financial System from Illicit Actors WASHINGTON — The Biden-Harris Administration today submitted to Congress the President’s priorities for fiscal year 2022 discretionary spending. The funding request invests in the core foundations of our […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Myanma Gems Enterprise (MGE), a Burmese state-owned entity that is responsible for all gemstone activities in Burma. Gemstones are a key economic resource for the Burmese military regime that is violently repressing pro-democracy protests in the country and that […]

As we come together virtually this week, the challenges we face are historic. Most immediately is the continuing COVID-19 pandemic, which has inflicted tragic loss of life and an economic crisis. The crisis has exacerbated the trend of rising income inequality, raising concerns about a divergent path within and across countries. We also face the […]

Remarks at the Federal Reserve Bank of New York’s Annual Primary Dealer Meeting April 8, 2021 Brian Smith, Deputy Assistant Secretary for Federal Finance, U.S. Department of the Treasury   Introduction Good afternoon and thank you for having me here today. I am Brian Smith, the Deputy Assistant Secretary for Federal Finance at the Treasury […]

The American Rescue Plan Act of 2021 includes $350 billion in fiscal relief funding for States, territories, Tribal governments, counties, cities, and small local governments. The funding will allow these governments to support vital public health and economic responses to the pandemic, provide premium pay to essential workers, replace lost government revenue to prevent harmful […]

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Pakistani national Abid Ali Khan and the Abid Ali Khan Transnational Criminal Organization (TCO) pursuant to Executive Order (E.O.) 13581, “Blocking Property of Transnational Criminal Organizations,” as amended.  The Abid Ali Khan TCO is a human smuggling organization based […]