Chairwoman Lee, Ranking Member Rogers, and members of the Subcommittee, it’s a pleasure to join you today. When I took office, one of my greatest concerns was a K-shaped recovery from the pandemic; a recovery where high-income households rebounded quickly – or even emerged better-off – while low- and middle-income families suffered for a very […]
Category Archives: U.S. Treasury
More than 2.3 million additional Economic Impact Payments disbursed under the American Rescue Plan; total payments top 169 million
WASHINGTON — The U.S. Department of the Treasury, Internal Revenue Service, and the Bureau of the Fiscal Service announced today they have disbursed more than 2.3 million additional Economic Impact Payments under the American Rescue Plan. Today’s announcement covering the most recent two weeks of the effort brings the total disbursed so far to more […]
Treasury Sanctions Nicaraguan Officials for Supporting Ortega’s Efforts to Undermine Democracy, Human Rights, and the Economy
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four individuals who support the Ortega regime — a regime that has undermined democracy, abused the human rights of civilians, enacted repressive laws with grave economic consequences, and tried to silence the independent news media. The individuals sanctioned today […]
Remarks by Secretary of the Treasury Janet L. Yellen at the SelectUSA Investment Summit
As prepared for pre-recorded video Hello. It’s wonderful to join you to today. I want to thank the Secretary Raimondo and the Commerce Department for inviting me to say a few words about the US economy – and where our administration would like to guide it in the coming years. As you’re likely aware, our […]
Statement from Secretary of the Treasury Janet L. Yellen On G7 Finance Ministers’ Commitment to Global Minimum Tax
The G7 Finance Ministers have made a significant, unprecedented commitment today that provides tremendous momentum towards achieving a robust global minimum tax at a rate of at least 15%. That global minimum tax would end the race-to-the-bottom in corporate taxation, and ensure fairness for the middle class and working people in the U.S. and around […]
Transcript of Press Conference by Secretary of the Treasury Janet L. Yellen Following the Close of the G7 Finance Ministers Meetings
Thank you for joining us today. I would like to thank Chancellor Sunak and Her Majesty’s government for hosting. This was our first in-person multilateral meeting — and I can definitively say a real life G7 meeting is much more enjoyable than the Zoom version. More importantly, our meetings this weekend emphasize the power of […]
Remarks by Secretary of the Treasury Janet L. Yellen following the Close of the G7 Finance Ministers Meetings
Remarks as prepared Thank you for joining us today. I would like to thank Chancellor Sunak and Her Majesty’s government for hosting. This was our first in-person multilateral meeting —and I can definitively say a real life G7 meeting is much more enjoyable than the Zoom version. More importantly, our meetings this weekend emphasize the […]
G7 FINANCE MINISTERS & CENTRAL BANK GOVERNORS COMMUNIQUÉ
5 June 2021, London, United Kingdom We, the Finance Ministers and Central Bank Governors of the G7, met virtually on 28 May 2021, and Finance Ministers met in London on 4-5 June 2021, joined by the Heads of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), Eurogroup, and […]
OCC Releases CRA Evaluations for 18 National Banks and Federal Savings Associations
News Release 2021-63 | June 4, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of May 1, 2021 through May 31, 2021. The list contains only national banks, federal savings associations, and insured federal […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis
WASHINGTON – Earlier today, Deputy Secretary of the Treasury Wally Adeyemo spoke with European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis. Deputy Secretary Adeyemo reaffirmed the importance of transatlantic cooperation and coordination on a wide range of issues. They discussed international taxation, sanctions policy, investment security, U.S.-EU cross border data flows, combating corruption, […]