WASHINGTON, D.C. – Today, Chief Implementation Officer Laurel Blatchford and Counselor for Racial Equity Janis Bowdler led one of a series of roundtable discussions with nearly 30 environmental justice stakeholders on how the Low-Income Communities Bonus Credit Program will incentivize investment in underserved communities and ensure all Americans benefit from the growth of the clean […]
Category Archives: U.S. Treasury
U.S. Sanctions Suppliers of Precursor Chemicals for Fentanyl Production
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two entities in the People’s Republic of China (PRC) and five individuals, based in the PRC and Guatemala, for supplying precursor chemicals to drug cartels in Mexico for the production of illicit fentanyl intended for U.S. markets. “Illicit fentanyl […]
READOUT: Deputy Secretary of the Treasury Wally Adeymo’s Meeting with Lithuanian Minister of Finance Gintarė Skaistė
WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo met yesterday with Lithuania’s Minister of Finance Gintarė Skaistė. They discussed close coordination on sanctions and export controls in response to Russia’s brutal war in Ukraine. They recognized the importance of enforcing sanctions and other economic measures, including by disrupting attempts to evade restrictions that have degraded Russia’s military-industrial complex. […]
READOUT: Deputy Secretary of the Treasury Wally Adeymo’s Meeting with Latvian Minister of Finance Arvils Ašeradens
WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo met yesterday with Latvia’s Minister of Finance Arvils Ašeradens. They discussed the close partnership on sanctions in response to Russia’s war of aggression and the importance of countering Russia’s attempts to evade U.S. and EU economic measures. The Deputy Secretary noted that the price cap on Russian oil is achieving its two […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Minister of Economy and Finance of Italy Giancarlo Giorgetti
WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with Italy’s Minister of Economy and Finance Giancarlo Giorgetti on the sidelines of the Spring Meetings of the IMF and World Bank. During their meeting, Secretary Yellen stressed the importance of continued financial support for Ukraine. She also discussed the importance of Italy’s continued progress toward unlocking EU recovery funding and Italy’s economy. […]
OCC Promotes National Financial Capability Month
WASHINGTON—The Office of the Comptroller of the Currency (OCC) encourages national banks and federal savings associations (collectively, banks) to support the financial capability and financial health of their customers, particularly during National Financial Capability Month in April. Banks promote financial capability by supporting programs that expand financial literacy through high-quality financial education and promote access […]
JOINT READOUT: US- EU – UK Sanctions Evasion Meeting with Private Sector Participants
WASHINGTON – On the sidelines of the World Bank Group and International Monetary Fund Spring Meetings, Deputy Secretary of the Treasury Wally Adeyemo; European Commissioner for Financial Stability, Financial Services, and Capital Markets Union Mairead McGuinness; and HM Treasury Director General for International Finance Lindsey Whyte hosted representatives from financial institutions to discuss continued efforts to counter sanctions evasion and […]
Treasury Department Announces Approval of Federal Funding to Connect 127,000 California Homes and Businesses to Affordable, High-Speed Internet as Part of President Biden’s Investing in America Agenda
Combined with other Administration initiatives, President Biden’s Investing in America agenda has brought affordable internet to over 17 million American households SAN BERNARDINO, CA — Today, the U.S. Department of the Treasury announced the approval of $540.2 million for high-speed internet projects in California under the American Rescue Plan’s Capital Projects Fund (CPF), part of […]
Remarks by Secretary of the Treasury Janet L. Yellen After Meeting with Prime Minister of Ukraine Denys Shmyhal
As Prepared for Delivery Prime Minister Shmyhal, it is great to see you again. When we met in Kyiv in February, it had been just over a year since Russia began its unprovoked, full-scale invasion of your country. During my visit, I saw firsthand the bravery and resilience of the Ukrainian military and people. I […]
Remarks by Secretary of the Treasury Janet L. Yellen at Dinner with Latin American and Caribbean Finance Ministers
As Prepared for Delivery I am happy to welcome you all to the Treasury Department. It is a pleasure to be sitting down with colleagues from across Latin America and the Caribbean. We are gathering today in the wake of three years of momentous changes across the global landscape. Our macroeconomic, trade, security, and health […]