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 […]
Category Archives: U.S. Treasury
Treasury Sanctions Pakistan-based Transnational Human Smuggling Organization Involved in Smuggling Migrants to the United States
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 […]
Treasury Secretary Janet Yellen Pens Op-Ed in Wall Street Journal
Today, in an op-ed to be published in the April 8, 2021, edition of The Wall Street Journal, Secretary Janet L. Yellen called for an end to the global race to the bottom on corporate taxes. This is also a provision of the Made in America Tax Plan, a part of President Biden’s American Jobs […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Briefing with the House Democratic Caucus
Today, Treasury Secretary Janet L. Yellen briefed the House Democratic Caucus on the state of the economy, the implementation of the American Rescue Plan and President Biden’s newly announced American Jobs Plan. Secretary Yellen noted the American Rescue Plan has put the country on track for full employment by next year and delivered relief to […]
READOUT: Treasury Deputy Secretary Wally Adeyemo Met with the Payments Leadership Council
Today, Deputy Secretary Wally Adeyemo met virtually with CEOs from seven U.S.-based payment companies and representatives from the Payments Leadership Council (PLC) to discuss the important role electronic payments and financial inclusion play in our economic recovery. Deputy Secretary Adeyemo reiterated how critical it is that businesses and government work together toward a swift and […]
Readout: Secretary of the Treasury Janet L. Yellen’s Meeting with the African Leaders Dialogue on the COVID-Climate Emergency
Earlier today, Secretary of the Treasury Janet L. Yellen addressed the virtual meeting of the African Leaders Dialogue on the COVID-Climate Emergency, co-hosted by African Development Bank President Akinwumi Adesina and Global Center on Adaptation Chair Ban Ki-Moon. The Secretary stressed her commitment to cooperate with African partners on innovative solutions, including through multilateral financial institutions, […]
Remarks by Secretary Janet Yellen, World Bank President David Malpass, and IMF Managing Director Kristalina Georgieva in Conversation at the 2021 Spring Meetings, “Economic Recovery: Toward a Green, Resilient, and Inclusive Future”
Economic Recovery: Toward a Green, Resilient, and Inclusive Future MALPASS Thank you very much, Larry. It’s a pleasure to be here with IMF Managing Director Kristalina Georgieva and with U.S. Treasury Secretary Janet Yellen to discuss the economic recovery in the kickoff of our Spring Meetings. The world faces major challenges, including COVID, climate change, […]
Remarks by Secretary of the Treasury Janet L. Yellen addressing the threat of climate change to the Coalition of Finance Ministers for Climate Action
Remarks as prepared Thank you to Minister Vanhanen and Minister Cerda for inviting me to speak to you today. Let me begin by saying how excited the Biden-Harris Administration is to bring the United States back into the fold to tackle the generational issue of climate change. Climate, by its very nature, requires strong global […]
Treasury Sanctions Violent CJNG Members and Cartel Facilitator
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Carlos Andres Rivera Varela and Francisco Javier Gudino Haro, who are violent members of the Cartel de Jalisco Nueva Generacion (CJNG). These two individuals have allegedly helped orchestrate assassinations using high-powered weaponry on behalf of CJNG, a Mexico-based organization […]
Remarks by Secretary of the Treasury Janet L. Yellen on International Priorities to The Chicago Council on Global Affairs
America is strongest when we engage with the world. When I was born, the United States was still recovering from the Great Depression and World War II. These tragedies cost countless lives; too many families lost nearly everything. But from the devastation we learned an invaluable lesson: the United States must not go it alone. […]