Treasury News
Treasury
Secretary of the Treasury Janet L. Yellen met with Prime Minister Alexander De Croo of Belgium to discuss key policy priorities during Belgium’s six-month presidency of the Council of the European Union.
Treasury
Deputy Treasury Secretary addresses U.S.-German cooperation amid evolving Russian strategies
Thank you, Julia, for the kind introduction and thank you to Atlantik Brücke and TBI for hosting me here today. I have visited Germany more often than any other country during the Biden Administration. This speaks not only to the depth but also the breadth of the U.S.-German partnership on economic, climate, and national security issues. But as you all know, the foundation of our partnership is deeper than our shared interests. Our people share the same values, including a deep and abiding commitment to promoting democratic values at home and abroad.
Treasury
Treasury announces permanent free tax filing option through direct file
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced today that Direct File will become a permanent, free tax filing option. All 50 states and the District of Columbia have been invited to join this initiative for the 2025 filing season. This decision follows a successful pilot program where 140,000 taxpayers claimed over $90 million in refunds and saved an estimated $5.6 million in filing costs.
Treasury
U.S. Treasury sanctions companies linked to Wagner Group in Central African Republic
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two companies linked to the Wagner Group in the Central African Republic (CAR). Mining Industries SARLU and Logistique Economique Etrangere SARLU have been designated under Executive Order 14024 for their involvement in supporting Wagner Group security operations and illicit mining activities.
Treasury
IRS Deputy Secretary announces expansion plans at Code For America Conference
Thank you to Code for America for inviting me to speak at today's conference about IRS Direct File, our new option for Americans to file their taxes for free.
Treasury
Yellen meets with Vietnamese Deputy PM to discuss economic ties
Today, U.S. Secretary of the Treasury Janet L. Yellen met with Vietnam Deputy Prime Minister Le Minh Khai to discuss the strengthening economic ties and the Comprehensive Strategic Partnership between the two nations.
Treasury
FSOC partners with Brookings Institution for conference on artificial intelligence
The Financial Stability Oversight Council (FSOC), in collaboration with the Brookings Institution, commenced a conference on Artificial Intelligence (AI) and Financial Stability today. The event, held in Washington, D.C., gathered participants from both public and private sectors to discuss AI's evolving role in the financial system and its potential implications for U.S. financial stability.
Treasury
Deputy Secretary Adeyemo meets with Rada members to discuss aid and reforms
KYIV – Deputy Secretary Adeyemo met with key members of the Verkhovna Rada during his visit to Kyiv. The discussions focused on ongoing efforts by the international coalition to provide Ukraine with necessary resources for defense, including mobilizing over $85 billion in budget support from the United States and international partners, as well as more than $24 billion in early recovery and reconstruction assistance.
Treasury
Yellen discusses transatlantic collaboration on clean energy at Frankfurt event
Secretary of the Treasury Janet L. Yellen delivered remarks at TechQuartier in Frankfurt, Germany, on May 16, 2024. In her speech, she highlighted the innovative approaches to climate, clean energy, and sustainable finance being pioneered by TechQuartier’s members.
Treasury
Treasury proposes guidance on clean electricity incentives under Inflation Reduction Act
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have released proposed guidance on the Clean Electricity Production Credit and Clean Electricity Investment Credit, established under President Biden’s Inflation Reduction Act. This move aims to provide clarity to developers of clean electricity projects, furthering President Biden’s Investing in America Agenda, supporting American jobs, and enhancing energy production and security while reducing energy costs for consumers.
Treasury
Yellen meets with Italian finance minister at G7 summit
STRESA – Secretary of the Treasury Janet L. Yellen met with Italy’s Minister of Economy and Finance Giancarlo Giorgetti on May 15, 2024, during the G7 Finance Minister and Central Bank Governor Meetings in Stresa, Italy.
Treasury
U.S. treasury officials discuss clean energy projects with Standing Rock Sioux Tribe
U.S. Treasury Officials Visit Standing Rock Sioux Tribe to Discuss Clean Energy Projects
Treasury
Treasury Secretary Yellen outlines principles for high-integrity voluntary carbon markets
On May 16, 2024, Secretary of the Treasury Janet L. Yellen delivered remarks on high-integrity voluntary carbon markets (VCMs) at an event hosted by Bloomberg Philanthropies, the Center for Climate and Energy Solutions, and the Environmental Defense Fund.
Treasury
US Treasury officials meet with Argentine counterparts, discuss economic recovery
On May 16, 2024, Under Secretary of the Treasury for International Affairs Jay Shambaugh held a meeting with Argentina’s Chief of Cabinet Nicolás Posse and Foreign Minister Diana Mondino. The Argentine delegation was also accompanied by Ambassador Gerardo Werthein.
Treasury
Yellen and Lagarde discuss strategies on Russian assets and support for Ukraine
Secretary of the Treasury Janet L. Yellen met with European Central Bank President Christine Lagarde yesterday on the sidelines of the G7 Finance Minister and Central Bank Governor Meetings in Stresa, Italy.
Treasury
Deputy Secretary Adeyemo meets with Ukrainian professionals amid ongoing conflict
KYIV – Today, Deputy Secretary Adeyemo met with young professionals, entrepreneurs, and activists working to resist Russia’s invasion and secure a better economic future for Ukraine. The Deputy Secretary heard directly from Ukrainian citizens about their perspectives on Ukraine’s future and the efforts they are undertaking to support their country. Deputy Secretary Adeyemo also observed how small businesses are adapting to contribute to Ukraine’s war effort.
Treasury
Yellen outlines US priorities ahead of G7 finance ministers meeting
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Treasury
Treasury amends regulations supporting Cuban people
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has amended the Cuban Assets Control Regulations (CACR) to further support the Cuban people and independent private sector entrepreneurs. This move aligns with the policy announced by the Biden-Harris Administration on May 16, 2022. The regulatory amendments will take effect upon publication in the Federal Register on May 28, 2024.
Treasury
Adeyemo discusses economic reforms and sanctions with Ukrainian official
KYIV – Deputy Secretary of the Treasury Wally Adeyemo met with Iryna Mudra, Deputy Head of the Presidential Office of Ukraine, during his visit to Kyiv. During the meeting, Deputy Secretary Adeyemo praised Mudra for her efforts in developing an international compensation mechanism aimed at holding Russia accountable for its actions against Ukraine. They discussed ongoing initiatives to unlock the value of immobilized Russian sovereign assets (RSA) to support Ukraine.
Treasury
U.S. endorses reelection of Odile Renaud-Basso at European Bank's annual meeting
On behalf of U.S. Treasury Secretary Janet Yellen, I would like to thank the Government and people of Armenia for generously hosting the 2024 EBRD Annual Meetings of the Board of Governors. President Odile Renaud-Basso has steered the EBRD successfully over the past year through successful capital increase negotiations—on the heels of the Bank’s first-mover, quick and effective support to Ukraine—and the historic resolution on the Bank’s incremental expansion to sub-Saharan Africa and Iraq.
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