NEW DELHI, INDIA —Indian Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman and U.S Treasury Secretary Dr. Janet L. Yellen met today for the ninth meeting of India-U.S. Economic and Financial Partnership. Following the conclusion of the dialogue, Minister Sitharaman and Secretary Yellen released the following joint statement: We were pleased to lead […]
Category Archives: U.S. Treasury
Remarks by Secretary of the Treasury Janet L. Yellen at the U.S. – India Business and Investment Opportunities Event in New Delhi, India
As Prepared for Delivery Thank you for that introduction. It’s great to be here with all of you. Let me first express my thanks to Minister Sitharaman. I’m grateful for her warm welcome. I’m also appreciative of her partnership on a broad range of important issues over the past two years. I’m thrilled to be […]
Statement by Secretary of the Treasury Janet L. Yellen on President Biden’s Intention to Nominate Daniel Werfel to Serve as IRS Commissioner
WASHINGTON, D.C. – Secretary of the Treasury Janet L. Yellen issued the following statement on President Biden’s intention to nominate Daniel Werfel to serve as the next IRS Commissioner. “I strongly support President Biden’s intent to nominate Daniel Werfel to serve as the next Commissioner of the IRS. Danny’s prior service under both Democratic and […]
Assistant Secretary Alexia Latortue and Climate Counselor John Morton Lead Treasury Delegation at COP27
WASHINGTON — This week, Assistant Secretary of the U.S. Department of the Treasury for International Trade and Development Alexia Latortue and Climate Counselor to the Secretary John Morton are leading a delegation of Treasury officials to the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change, or COP27, in Sharm El-Sheikh, […]
Readout: Deputy Secretary of the Treasury Wally Adeyemo’s Trip to Europe
WASHINGTON — Deputy Secretary of the Treasury Wally Adeyemo traveled to Paris, France, London, UK, and Brussels, Belgium from November 7-9 to continue close coordination with foreign counterparts on economic measures — including sanctions and export controls — to counter Russia’s war, implementation of the price cap on Russian oil, and economic assistance for the Ukrainian people. The Deputy Secretary […]
Inter-Agency Working Group Releases New Report on Treasury Market Resilience Efforts
WASHINGTON– The Inter-Agency Working Group on Treasury Market Surveillance (IAWG)—which is composed of staff from the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission—today issued a staff progress report […]
OCC Allows National Banks and Federal Savings Associations Affected by Tropical Storm Nicole in Florida, Georgia, North Carolina and South Carolina to Close
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas affected by Tropical Storm Nicole in Florida, Georgia, North Carolina and South Carolina. In issuing the proclamation, the OCC expects that […]
Treasury Sanctions Internet-based Suppliers of Illicit Fentanyl and Other Synthetic Drugs
Action Coordinated with Authorities in the Netherlands and the United Kingdom WASHINGTON – Today, in coordination with partners in the Netherlands and the United Kingdom (UK), the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Alex Adrianus Martinus Peijnenburg (Peijnenburg), Martinus Pterus Henri De Koning (De Koning), Matthew Simon Grimm (Grimm), […]
Treasury Designates Business Partners of Sanctioned al-Qa’ida Financial Facilitator and External Operations Plotter
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two business associates of a sanctioned al-Qa’ida financial facilitator and external operations plotter. The two individuals designated today are Mohamad Irshad Mohamad Haris Nizar and Musab Turkmen, who conducted businesses activities to assist Ahmed Luqman Talib (Talib), who was […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with United Kingdom Chancellor of the Exchequer Jeremy Hunt
Yesterday, Secretary of the Treasury Janet L. Yellen spoke with United Kingdom Chancellor of the Exchequer Jeremy Hunt. Secretary Yellen highlighted the importance of the longstanding U.S.-UK bilateral relationship and congratulated Chancellor Hunt on his appointment. She discussed finalizing and implementing a price cap on Russian oil to put downward pressure on global energy prices […]