Treasury Announces American Rescue Plan Funds to Connect Over 31,000 South Carolina Homes and Businesses to Affordable, High-Speed Internet

To date, 34 states have been approved to invest approximately $5 billion of Capital Projects Funds, which those states estimate will reach more than 1.4 million locations   WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of broadband projects in South Carolina under the Capital Projects Fund in President Biden’s American […]

READOUT: U.S. Candidate for President of the World Bank Ajay Banga Visit to Cote D’Ivoire

ABIDJAN – On March 6 and 7, U.S. candidate for President of the World Bank Ajay Banga visited Abidjan, Cote D’Ivoire as the first stop on his global listening tour. On March 6, Banga met with leaders at the African Development Bank (AfDB) including President Akinwumi Adesina, as well as AfDB executive directors. During his meetings at […]

Acting Comptroller Discusses Trust in Global Banking, Lessons for Crypto

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed building and maintaining trust in global banking in remarks at the Institute for International Bankers. The Acting Comptroller discussed how the failure of the Bank of Credit and Commerce International (BCCI) in 1991 led to significant changes in how global banks are supervised. He highlighted […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Call with Sri Lankan President Ranil Wickremesinghe

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen spoke with Sri Lankan President Ranil Wickremesinghe. During their meeting, Secretary Yellen expressed support for Sri Lanka’s steps towards an IMF-supported program to advance economic reform and achieve a strong and durable recovery.  The Secretary welcomed Sri Lanka’s commitments to transparency and comparable treatment for all bilateral official and […]

Remarks by Under Secretary for International Affairs Jay Shambaugh at the Institute of International Bankers’ Annual Washington Conference

As Prepared for Delivery Thank you for that introduction, Beth.  I would like to thank the IIB for inviting me to speak today.  The IIB is an important voice in efforts to promote a well-functioning financial system, which makes this a good setting to discuss where we stand in those efforts.  I’d will talk about […]

READOUT: Deputy Secretary Adeyemo Visits Communities Impacted by American Rescue Plan Funding Ahead of Act’s Second Anniversary

California Families Received more than $4 billion in Emergency Rental Assistance LOS ANGELES, CA – Today, Deputy Secretary of the Treasury Wally Adeyemo visited communities across the Los Angeles area to see the impact of federal funding on pandemic recovery and long-term growth ahead of the second anniversary of President Biden’s American Rescue Plan (ARP) […]

Treasury Sanctions People Involved in Serious Human Rights Abuse Against Vladimir Kara-Murza

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Elena Anatolievna Lenskaya, Andrei Andreevich Zadachin, and Danila Yurievich Mikheev for their involvement in serious human rights abuse against human rights defender, prominent opposition leader, author, and historian Vladimir Kara-Murza (Kara-Murza). These individuals are being designated pursuant to Executive Order […]

Acting Comptroller, Former Agency Leaders Celebrate the OCC’s 160th Anniversary

WASHINGTON— Acting Comptroller of the Currency Michael J. Hsu today hosted former Comptrollers and Acting Comptrollers to mark the Office of the Comptroller of the Currency’s (OCC) 160th anniversary of overseeing the federal banking system. Seven former agency leaders joined Acting Comptroller Hsu to reflect on their tenures leading the agency and discuss the value […]

U.S. Secretary of the Treasury Janet L. Yellen’s Meeting with European Commission Executive Vice President Valdis Dombrovskis

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen spoke with European Commission Executive Vice President Valdis Dombrovskis.  Secretary Yellen discussed the United States’ implementation of the Inflation Reduction Act, stressing the need to stimulate innovation, development, and deployment of green energy on both sides of the Atlantic.  Secretary Yellen also discussed areas […]

Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade.

As Prepared for Delivery A little more than a year ago, my friend, close professional collaborator, and co-panelist today, Assistant Secretary Thea Kendler, and I were on an urgent tour in Europe sounding an alarm about what the United States believed Russia was about to do—invade Ukraine. We spoke with our counterparts about the truly […]