Category Archives: U.S. Treasury

WASHINGTON – Earlier today, U.S. Secretary of the Treasury Janet L. Yellen spoke with Estonia Finance Minister Keit Pentus-Rosimannus to discuss the importance of reaching a deal to reshape the global tax system. Secretary Yellen conveyed how achieving consensus on a global minimum tax is a top priority, and that it would stop the race […]

As prepared for delivery I want to thank business and community leaders for joining us here today. I wish we could be meeting to discuss another topic, like finding solutions to climate change or how to better invest in the future of our economy. But the urgency of the debt limit situation demands immediate attention. […]

BRUSSELS — EU and U.S. participants in the EU – U.S. Joint Financial Regulatory Forum (“the Forum”) met virtually on September 29 and 30, 2021, to exchange views on topics of mutual interest as part of their ongoing financial regulatory dialogue. EU participants included representatives of the European Commission, the European Banking Authority (EBA), the […]

WASHINGTON – Today, Deputy Secretary of the Treasury Wally Adeyemo and Chief Recovery Officer Jacob Leibenluft met with Tribal Leaders and Tribal organizations to discuss economic recovery for Tribal governments and communities. Treasury is the lead federal department for Indian Country’s  economic recovery, managing approximately $30 billion in Tribal set asides across seven programs for […]

WASHINGTON – The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its Annual Report on the Insurance Industry.  Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), FIO must report annually to the President and Congress on the state of the insurance industry and any other information deemed relevant […]

As delivered Chairwoman Waters, Ranking Member McHenry, members of the committee: It’s a pleasure to testify today.   We are in the midst of a fragile, but rapid recovery from the pandemic-induced recession. While our economy continues to expand and recapture a substantial share of the jobs lost during 2020, significant challenges from the Delta […]

WASHINGTON — Today, the United States, through the Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the Government of Qatar both designated in coordinated actions a major Hizballah financial network based in the Arabian Peninsula.  “Hizballah seeks to abuse the international financial system by developing global networks of financiers to fill its […]

As delivered Chairman Brown, Ranking Member Toomey, members of the committee: It’s a pleasure to testify today.  We are in the midst of a fragile, but rapid recovery from the pandemic-induced recession. While our economy continues to expand and recapture a substantial share of the jobs lost during 2020, significant challenges from the Delta variant […]