View the full Greenbook here. “This Budget builds on our economic progress by making smart, fiscally responsible investments, which would be more than fully paid for by requiring corporations and the wealthy to pay their fair share. The Budget’s growth-enhancing investments will continue the economic progress of the last two years and further boost the […]
Category Archives: U.S. Treasury
READOUT: U.S. Candidate for President of the World Bank Ajay Banga Visit to Kenya
NAIROBI – U.S. candidate to lead the World Bank Ajay Banga visited Nairobi, Kenya on March 8 on the second stop of his global listening tour. In the morning, Banga visited the Kenya Climate Innovation Center (KCIC) – a clean technology business incubator that was established with the support of the World Bank in 2012. […]
Marking International Women’s Day, Treasury Sanctions Iranian Officials and Entities for Serious Human Rights Abuses
Coordinated Action with the European Union, the United Kingdom, and Australia WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning several Iranian regime officials and entities, including two senior officials in Iran’s prison system who have been responsible for serious human rights abuses against women and girls. OFAC […]
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 […]
Remarks by Secretary of the Treasury Janet L. Yellen at the First Meeting of the FSOC Climate-related Financial Risk Advisory Committee
WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen delivered opening remarks at the first meeting of the Climate-related Financial Risk Advisory Committee (CFRAC). The CFRAC, the first external advisory committee of the Financial Stability Oversight Council (FSOC), will help the FSOC gather information on and analysis of climate-related financial risks from a broad […]
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 […]
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: 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 […]
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 […]