Introduction The United States continues to deliver strong economic growth amid resilient labor markets, even as core inflation continues to cool. In the third quarter, real GDP grew at the fastest rate since late 2021, boosted by strong household consumption and a stronger build in private inventories. Labor force participation rate rose to a post-pandemic […]
Category Archives: U.S. Treasury
READOUT: Under Secretary Brian Nelson’s Travel to the Middle East
WASHINGTON — From October 23 – 26, 2023, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson traveled to Riyadh, Saudi Arabia and Doha, Qatar to collaborate with regional counterparts on counter-terrorist financing, regional stability, and the facilitation of legitimate humanitarian aid to the people of Gaza. In Riyadh, Under Secretary […]
Joint Statement on the U.S.-UK Financial Innovation Partnership Meeting 7th September 2023
WASHINGTON – The fourth official meeting of the U.S.-UK Financial Innovation Partnership (FIP) took place in Washington, D.C., on September 7, 2023. The U.S. Department of the Treasury hosted the Regulatory Pillar of the FIP with His Majesty’s Treasury. Participants gathered to exchange views on topics of mutual interest and to deepen ties between U.S. […]
READOUT: Under Secretary Brian Nelson’s Roundtable with Humanitarian Groups
WASHINGTON – Today, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson convened a roundtable with representatives of non-governmental organizations, international organizations, and U.S. government implementers to discuss the facilitation of legitimate humanitarian assistance to the people of Gaza. Treasury continues to support the flow of vital humanitarian assistance to the […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to the United Kingdom
LONDON – On October 27-29, Deputy Secretary of the Treasury Adeyemo met with government counterparts in London, United Kingdom, including UK National Security Advisor Sir Tim Barrow, His Majesty’s Treasury Lords Minister Baroness Joanna Penn, His Majesty’s Treasury Director General for International Finance Lindsey Whyte, and Foreign, Commonwealth and Development Office Director General for Economics, […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable with International Humanitarian Aid Groups in Brussels
BRUSSELS – In Brussels today, Deputy Secretary of the Treasury Wally Adeyemo convened a roundtable with officials from international non-governmental organizations to discuss the facilitation of legitimate humanitarian assistance to the people of Gaza. During the roundtable, Deputy Secretary Adeyemo underscored the United States’ commitment to ensuring that humanitarian assistance reaches the people of Gaza, […]
FATF Advances Efforts to Counter Money Laundering and Terrorist Financing
PARIS — At its plenary meeting this week, the Financial Action Task Force (FATF), the global standard-setting body for anti-money laundering and countering the financing of terrorism, advanced numerous initiatives to strengthen global anti-money laundering and counter-terrorist financing standards. “The United States welcomes the FATF’s work to combat terrorist financing, strengthen asset recovery, protect non-profit […]
Treasury Targets Additional Sources of Support and Financing to Hamas
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed a second round of sanctions on key Hamas-linked officials and financial networks following the October 7 barbaric attacks on Israel and its civilian population. Today’s action targets additional assets in Hamas’s investment portfolio and individuals who are facilitating sanctions […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the Royal United Services Institute in London, the United Kingdom
As Prepared for Delivery Thank you, Tom, and thank you all for joining me at RUSI today. Three weeks ago, Hamas militants brutally attacked Israel. More and more grisly details continue to trickle out, shocking and horrifying the world anew. But unfortunately, Hamas is not alone in reaching new lows of depravity. It was not […]
New Treasury Department Analysis Finds the U.S. Economy Outpacing Other Advanced Countries on Economic Growth, Labor Market Strength, and Inflation Reduction
WASHINGTON – Today, the U.S. Department of the Treasury released an analysis of data from the IMF’s latest World Economic Outlook and other international sources that shows that the U.S. economy continues to outpace global peers and has exhibited more strength than forecasters anticipated throughout 2023 along three key dimensions: growing economic output, labor market […]