Category Archives: U.S. Treasury

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Chile’s Finance Minister Rodrigo Andrés Cerda Norambuena. Secretary Yellen emphasized her desire to build on strong U.S.-Chilean relations for continued cooperation in the region. She also outlined the Biden-Harris Administration priorities, including responding effectively to the COVID-19 pandemic, supporting a robust economic recovery, fighting […]

For the last few years, Ken Blanco has been one of the most important public servants that you’ve likely  never heard of. That’s because Ken has been engaged in the often unseen work of disrupting illicit finance, the funding of crimes and terrorism. Ken has taken important steps to modernize FinCEN, and his effort to […]

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Jordanian Finance Minister Mohamad Al-Ississ. During the call, Secretary Yellen emphasized the importance of continuing the strong U.S.-Jordan relationship. She conveyed the need to address the daunting challenges of ending the COVID-19 pandemic, supporting the global economic recovery, fighting income inequality, and forcefully addressing […]

The COVID-19 pandemic has taken an extraordinary toll on the global economy and has strained financial liquidity.  Global growth contracted 3.5% in 2020—the worst peace-time recession since the Great Depression—and will likely inflict long-term scars on the global economy.  The International Monetary Fund (IMF) has warned of a stark divergence in economic growth prospects for […]

WASHINGTON –For the past 40 years, the federal government has gradually shrunk its investment in public goods: schools, infrastructure, and research into new technologies. This slow decline has undermined broad-based growth. It has weighed-down productivity and curtailed our ability to respond to our nation’s most pressing challenges, including the threat of climate change. The President’s […]

WASHINGTON — Today, the U.S. Department of the Treasury, the Internal Revenue Service, and the Bureau of the Fiscal Service announced they are disbursing several million more payments in the third batch of Economic Impact Payments from the American Rescue Plan. This brings the total disbursed so far to more than 130 million payments worth […]

Today, Deputy Secretary Wally Adeyemo kicked off a top to bottom review of U.S. economic and financial sanctions with a meeting of thought leaders, the first in a series of engagements to inform Treasury’s review. During the meeting, Deputy Secretary Adeyemo noted that sanctions remain a potent and valuable tool for policymakers and as programs […]

Today, Deputy Secretary Wally Adeyemo met virtually with Tribal leaders during a consultation to discuss the Treasury Department’s distribution of $20 billion in COVID relief funds to tribal governments under the American Rescue Plan Act (ARP). In the meeting of nearly 190 participants, including 20 Tribal Leaders, Deputy Secretary Adeyemo reiterated the importance of the […]