Joint Statement by Secretary Janet L. Yellen and Secretary Antony J. Blinken Welcoming the EU Sanctions Regime on Lebanon

The United States welcomes the EU’s adoption today of a new sanctions regime to promote accountability and reform in Lebanon.  As an increasing number of Lebanese suffer from the country’s worsening economic crisis, it is critical that Lebanese leaders heed their people’s repeated calls for an end to widespread corruption and government inaction and form a government that can initiate the reforms critical to […]

Readout of Secretary of the Treasury Janet L. Yellen’s Meeting with Iraqi Finance Minister Ali Allawi

WASHINGTON – Yesterday, Secretary of the Treasury Janet L. Yellen met with H. E. Ali Allawi, Finance Minister of the Republic of Iraq.  Secretary Yellen reaffirmed the United States’ strong support for Iraq, and noted the close relationship between the U.S. Treasury and the Iraqi Ministry of Finance.  Minister Allawi explained the economic challenges Iraq […]

To Enable More Vaccinations, Treasury Expands Paid Leave Tax Credit

WASHINGTON — Today the Treasury Department and the Internal Revenue Service announced that eligible employers can claim tax credits equal to the wages paid for providing paid time-off to employees to take a family or household member or certain other individuals to get vaccinated, or to care for a family or household member or certain […]

U.S. Department of the Treasury Policy Statement on State and Local Fiscal Recovery Funds and Individual Vaccine Incentives

WASHINGTON — Today, the U.S. Department of the Treasury released the following policy statement on use of State and Local Recovery Funds for individual vaccine incentives: The American Rescue Plan dedicated a historic $350 billion to helping state, territorial, and local governments respond to the pandemic and its negative economic impacts, in the form of the […]

Treasury Sanctions Syrian Regime Prisons, Officials, and Syrian Armed Group

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning eight Syrian prisons run by the Assad regime’s intelligence apparatus, which have been sites of human rights abuses against political prisoners and other detainees. OFAC is also designating five senior security officials of regime entities that control these […]

Treasury Designates Al-Qa’ida-Linked Financial Facilitators in Turkey and Syria

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one Turkey-based al-Qa’ida financial facilitator for materially assisting al-Qa’ida. Additionally, OFAC designated one Syria-based terrorist fundraiser and recruiter for providing material support to Hay’et Tahrir Al-Sham (HTS). These designations expose the continued efforts by al-Qa’ida and HTS to use […]

Treasury Joins Administration Call to Action to Alert Americans to Emergency Rental Assistance and Promote CFPB “Rental Assistance Finder”

New tool connects tenants and landlords to Emergency Rental Assistance programs in their areaDeputy Treasury Secretary Adeyemo visits Virginia – second-highest distributor of Emergency Rental Assistance nationwide WASHINGTON — The U.S. Department of the Treasury joined the White House, multiple agencies, non-profits, and major companies in raising awareness about the historic emergency rental assistance available […]

OCC Announces Climate Change Risk Officer, Membership in the NGFS

News Release 2021-78 | July 27, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the appointment of Darrin Benhart as its Climate Change Risk Officer and its membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). “Prudently managing climate change risk is a […]

Remarks by Secretary of the Treasury Janet L. Yellen to UNIDOS

WASHINGTON — Today, U.S. Secretary of the Treasury Janet L. Yellen delivered pre-recorded remarks to the UNIDOS conference. The full remarks are below. Hi everyone. I’m Janet Yellen, and it’s a real pleasure to address UNIDOS. I know it’s been a trying 16 months for all of us, but particularly so for the Latino community. […]

Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit

WASHINGTON — Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to Congressional leadership regarding the debt limit. The full text of the letter is available here and below. The Honorable Nancy Pelosi Speaker U.S. House of Representatives Washington, DC  20515   Dear Madam Speaker:   As you know, the Bipartisan Budget […]