As Prepared for Delivery Good morning, Chairman McHenry, Ranking Member Waters, and Members of the Committee. Thank you for the opportunity to provide an update on the work of the Committee on Foreign Investment in the United States, or CFIUS. CFIUS is a critical national security tool that enables thorough reviews of foreign investments in […]
Category Archives: U.S. Treasury
OCC Hosts Risk Governance and Capital Markets Workshops in Dallas
WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host two workshops October 24-25 in Dallas for directors, senior management, and other key executives of national community banks and federal savings associations. The Risk Governance: Improving Effectiveness workshop on October 24 combines lectures, discussion, and exercises to provide practical information for participants to effectively […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the Economic Club of New York on the Biden-Harris Administration’s Historic Investments in Unlocking Unrealized Economic Potential
As Prepared for Delivery Thank you, Charles, for your kind introduction and thank you to the Economic Club of New York for inviting me to have this conversation today. We have faced a set of novel economic challenges over the past three years—a global pandemic, Russia’s illegal invasion of Ukraine, both contributing to global inflationary […]
United States Signs $20 Million Debt Swap Agreement with Peru to Support Amazon Conservation
LIMA – The United States of America, the Republic of Peru, and four non-governmental organizations—Conservation International (CI), The Nature Conservancy (TNC), Wildlife Conservation Society (WCS), and World Wildlife Fund (WWF)— have finalized debt-for-nature swap and forest conservation agreements under the Tropical Forest and Coral Reef Conservation Act (TFCCA). The agreements will reduce Peru’s debt payments […]
Treasury Department Announces Approval of Federal Funds to Connect 20,000 Oklahoma Homes and Businesses to Affordable, High-Speed Internet as Part of President Biden’s Investing in America Agenda
To date, the Capital Projects Fund has awarded over $8 billion for broadband, digital technology, and multi-purpose community center projects in nearly all states and three territories, estimated to reach over two million locations WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of $167.7 million for high-speed internet projects in Oklahoma […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Minister of Finance and Economy of Italy Giancarlo Giorgetti
NEW DELHI – Today, Secretary of the Treasury Janet L. Yellen met with Italy’s Minister of Economy and Finance Giancarlo Giorgetti on the sidelines of the G20 Summit in New Delhi. During their meeting, Secretary Yellen and Minister Giorgetti exchanged views on shared priorities ahead of Italy’s G7 presidency in 2024. Secretary Yellen expressed U.S. […]
Remarks by Assistant Secretary for Tax Policy Lily Batchelder on Phase Two of Implementation of the Inflation Reduction Act’s Clean Energy Provisions
As Prepared for Delivery As the Deputy Secretary mentioned, we are excited to have completed Phase One of our implementation of the IRA’s clean energy credits. Our focus in Phase Two will be on boosting American manufacturing to create good-paying jobs and strengthening energy security to remove the chokepoints that hurt our ability to lower […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Minister of Finance of India Nirmala Sitharaman
NEW DELHI – Today, U.S. Secretary of the Treasury Janet L. Yellen met with Finance Minister of India Nirmala Sitharaman on the sidelines of the G20 Leaders’ Summit. Secretary Yellen thanked Minister Sitharaman for her hospitality on her fourth trip to India since she took office, the most of any country in her current role. […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with First Vice President of Spain and Minister for the Economy and Digital Transformation Nadia Calviño
NEW DELHI – Today, U.S. Secretary of the Treasury Janet L. Yellen met with First Deputy Prime Minister of Spain and IMFC chair Nadia Calviño on the sidelines of the G20 Leaders’ Summit. Secretary Yellen emphasized the U.S. support for an equiproportional quota increase at the IMF to return the IMF to a quota-based institution […]
Remarks by Secretary of the Treasury Janet L. Yellen at Press Briefing Ahead of G20
As Prepared for Delivery Hello everyone. Thank you for being here. I’d like to share a few introductory thoughts about the priorities we will be focused on throughout this week. First, we are committed to supporting emerging markets and developing countries and to addressing global challenges. This includes our ongoing work on evolving the multilateral […]