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  • U.S. Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit

    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit | site |


    (Information contained in U.S. Department of the Treasury press release dated: November 19, 2021)

    Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt issuance suspension period (DISP).

    The full text of the letter is also available below. The Honorable Nancy Pelosi Speaker U.S. House of Representatives Washington, DC 20515 Dear Madam Speaker: On October 18, I informed you that I had determined that a debt issuance suspension period (DISP) would continue through December 3, 2021 with respect to the Civil Service Retirement and Disability Fund (CSRDF). I am writing to notify you, pursuant to 5 U.S.C. § 8348(l)(2), of my determination that, by reason of the statutory debt limit, I will be unable to fully invest the portion of the CSR
    ...
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  • A Coordinated Strategy to Advance Racial Equity at Treasury

    A Coordinated Strategy to Advance Racial Equity at Treasury

    A Coordinated Strategy to Advance Racial Equity at Treasury | site |



    (Information contained in U.S. Department of the Treasury press release dated: October 25, 2021)



    A Coordinated Strategy to Advance Racial Equity at Treasury


    October 25, 2021

    By Deputy Secretary of the Treasury Wally Adeyemo


    President Biden has made clear since Day One that advancing racial equity is not just a moral priority for our country—it is also critical to our economic success. Taking steps to unlock the unrealized potential of underserved communities makes our economy stronger and benefits all Americans. This is one reason why the Department of the Treasury is focused on advancing racial equity. This informed our decision to create a dedicated Office of Recovery Programs and has flowed through the policy and operational decisions we’ve made to implement the historic American...
    See more | Go to post

  • Remarks by Secretary of the Treasury Janet L. Yellen at the Countdown Summit

    Remarks by Secretary of the Treasury Janet L. Yellen at the Countdown Summit

    Remarks by U.S. Secretary of the Treasury Janet L. Yellen at the Countdown Summit | site |




    (Information contained in U.S. Department of the Treasury press release remarks dated: October 12, 2021)




    Remarks by Secretary of the Treasury Janet L. Yellen at the Countdown Summit

    October 12, 2021


    As prepared for delivery: Hello, everyone. I’m Janet Yellen, the United States Treasury Secretary. I want to thank Vice President Gore for the invitation and for his many years of leadership on this issue. We’re now three weeks out on the road to Glasgow, and it’s a road crowded with many different travelers. A generation ago, the road, so to speak, was a much lonelier place, deserted by comparison. There was a cohort of environmental activists and government officials, like Vice President Gore, who cared deeply about climate change, but it was nothing like the broad cross-se...
    See more | Go to post

  • Remarks by Secretary of the Treasury Janet L. Yellen to CEOs and Business Leaders at the White House on Debt Limit

    Remarks by Secretary of the Treasury Janet L. Yellen to CEOs and Business Leaders at the White House on Debt Limit | site |




    (Information contained in U.S. Department of the Treasury press release remarks dated: October 6, 2021)


    Remarks by Secretary of the Treasury Janet L. Yellen to CEOs and Business Leaders at the White House on Debt Limit

    October 6, 2021


    As prepared for delivery I want to thank business and community leaders for joining us here today. I wish we could be meeting to discuss another topic, like finding solutions to climate change or how to better invest in the future of our economy. But the urgency of the debt limit situation demands immediate attention. I want to be clear about my position. First, this is an urgent matter which must be resolved immediately. Treasury is on the cusp of exhausting its extraordinary measures if Congress has not acted to raise or suspe...
    See more | Go to post

  • U.S. Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit

    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit | site |




    (Information contained in U.S. Department of the Treasury press release dated: September 8, 2021)


    September 8, 2021 - -Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to Congressional leadership regarding the debt limit.

    The full text of the letter and also available below.

    The Honorable Nancy Pelosi

    Speaker

    U.S. House of Representatives

    Washington, DC 20515

    Dear Madam Speaker:

    I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department’s ability to continue to finance the government in the absence of Congressional action to address the debt limit. After th
    ...
    See more | Go to post

  • U.S. Treasury Department Announces Seven Additional Policies to Encourage State and Local Governments to Expedite Emergency Rental Assistance

    U.S. Treasury Department Announces Seven Additional Policies to Encourage State and Local Governments to Expedite Emergency Rental Assistance | site |




    Latest Treasury Data Shows Continued Progress; About 1 Million Payments Made by State and Localities as of July 31


    (Information contained in U.S. Department of the Treasury press release dated: August 25, 2021) New data on program performance demonstrates steady improvement in delivering Emergency Rental Assistance (ERA) to eligible households – particularly among state and local agencies that adopted the recommendations in Treasury’s prior guidance. Even with these improvements, many grantees need to do more to urgently accelerate efforts to prevent harmful evictions of vulnerable families. To help grantees continue to expedite assistance, today Treasury is announcing additional policies – including measures to reduce processing delays by providing even more explic...
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  • U.S. Treasury Department Releases Letter to Nonfinancial Corporate Stakeholders on LIBOR Transition

    U.S. Treasury Department Releases Letter to Nonfinancial Corporate Stakeholders on LIBOR Transition | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 23, 2021)

    Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen, Chair of the Board of Governors of the Federal Reserve System Jerome H. Powell, Chair of the Securities and Exchange Commission Gary Gensler, President and Chief Executive Officer of the Federal Reserve Bank of New York John C. Williams, and Acting Chairman of the Commodity Futures Trading Commission Rostin Behnam released a letter to nonfinancial corporate stakeholders following a discussion of the experiences and concerns of nonfinancial corporations as they prepare to transition from U.S. dollar (USD) LIBOR.

    The full text of the letter is below and can be found here
    ...
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  • The United States Department of the Treasury and the Monetary Authority of Singapore Finalize a Memorandum of Understanding on Cybersecurity Cooperation

    The United States Department of the Treasury and the Monetary Authority of Singapore Finalize a Memorandum of Understanding on Cybersecurity Cooperation | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 23, 2021) Washington - - On August 23, 2021, the United States Department of the Treasury (“Treasury”) and the Monetary Authority of Singapore (“MAS”) announced the finalization of a bilateral Memorandum of Understanding (“MoU”) on Cybersecurity Cooperation. This announcement was made during Vice President Kamala Harris’ visit to Singapore, where both the US and Singapore recognized the importance of deepening cooperation in new domains to deal with the challenges of the 21st century. Treasury and MAS have had ongoing exchange of cyber threat information since 2018. The MoU formalizes and strengthens what has already been a strong cybersecurity partnership between both agencies. ...
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  • U.S. Secretary of the Treasury Janet L. Yellen Sends Letter with U.S. Secretary of the Department of Labor Martin J. Walsh to Congressional Leaders on Unemployment Insurance

    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter with Secretary of the Department of Labor Martin J. Walsh to Congressional Leaders on Unemployment Insurance | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 19, 2021)

    Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen and Secretary of the Department of Labor Martin J. Walsh sent a letter to Senate Finance Committee Chairman Wyden and House Ways and Means Committee Chairman Neal on the expiration of emergency unemployment insurance.

    The full text of the letter is available here and below. Dear Chairman Wyden and Chairman Neal: We write on behalf of President Biden with an update on the steps our Departments are taking in advance of the expiration of emergency unemployment insurance (UI) programs on September 6, 2021. As you know, these programs were first enacted in the CARES Act, and were extended
    ...
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  • U.S. Department of the Treasury Announces Fossil Fuel Energy Guidance for Multilateral Development Banks

    U.S. Department of the Treasury Announces Fossil Fuel Energy Guidance for Multilateral Development Banks | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 16, 2021)

    Washington - - Today, the U.S. Department of the Treasury issued Fossil Fuel Energy Guidance for Multilateral Development Banks (MDBs), which is key Guidance in response to President Biden’s Executive Order 14008 on Tackling the Climate Crisis At Home and Abroad announced earlier this year. In its Guidance, Treasury advocates for MDB investments prioritizing clean energy, innovation, and energy efficiency, which will help achieve a clean and sustainable future consistent with the development goals of the Paris Agreement. U.S. Secretary of the Treasury Janet L. Yellen previewed Treasury’s MDB Guidance at the April 2021 G7 Leaders Summit on Climate and more recently discussed this with Heads of the MDBs in
    ...
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  • Treasury and IRS Disburse Second Month of Advance Child Tax Credit Payments

    Treasury and IRS Disburse Second Month of Advance Child Tax Credit Payments

    Treasury and IRS Disburse Second Month of Advance Child Tax Credit Payments | site |




    Treasury Plans Permanent Mobile-Friendly and Multi-Lingual Sign-up Tool for Non-Filers, Announces New Sign-up Tool Created by Code for America


    (Information contained in U.S. Department of the Treasury press release dated: August 13, 2021) Washington - - The U.S. Department of the Treasury and the Internal Revenue Service announced today that more than $15 billion were paid to families that include roughly 61 million eligible children in the second monthly payment of the expanded and newly-advanceable Child Tax Credit from the American Rescue Plan passed in March. The number of payments this month increased and cover an additional 1.6 million children. Eligible families received a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 to 17. This tax relief is having a real impact on the live...
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  • U.S. Treasury Reiterates Call for State and Local Governments to Follow Treasury Guidance on Eliminating Undue Documentation Burdens to Speed the Delivery Emergency Rental Assistance

    U.S. Treasury Reiterates Call for State and Local Governments to Follow Treasury Guidance on Eliminating Undue Documentation Burdens to Speed the Delivery Emergency Rental Assistance | site |



    Treasury publishes examples of simplified eligibility forms, shares with all Emergency Rental Assistance program grantees


    (Information contained in U.S. Department of the Treasury press release date: August 4, 2021)

    Washington - - Today, the U.S. Department of the Treasury reiterated its call for state and local governments operating Emergency Rental Assistance (ERA) programs to speed the delivery of assistance to those in need by eliminating undue documentation burdens. To help states and other jurisdictions quickly implement impactful programs, Treasury has published examples of simplified eligibility forms that are being used effectively by emergency rental assistance programs around the country. In addition to posting these
    ...
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  • Secretaries of USDA, HUD, VA, Treasury, and FHFA Acting Director Release Joint Statement on Agency Actions to Prevent Evictions

    Secretaries of USDA, HUD, VA, Treasury, and FHFA Acting Director Release Joint Statement on Agency Actions to Prevent Evictions | site |



    (Information contained in U.S. Department of Housing and Urban Development [HUD] press release dated: July 30, 2021) The Centers for Disease Control and Prevention’s (CDC) eviction moratorium is in place until July 31st, but the Supreme Court’s ruling made clear that CDC cannot extend the moratorium past its current expiration date. In light of that decision, the Biden-Harris Administration is taking steps to protect renters at risk of eviction. Today, at the President’s request, the U.S. Department of Agriculture (USDA), U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA) and the Federal Housing Finance Agency (FHFA) have extended their foreclosure-related eviction moratoria until September 30, 2021. The President further asked our agencies, which play a significan...
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  • Treasury Releases Guidance to Speed the Provision of Emergency Rental Assistance Relief and Support Housing Stability for Renters at Risk of Eviction

    U.S. Department of the Treasury Releases Guidance to Speed the Provision of Emergency Rental Assistance Relief and Support Housing Stability for Renters at Risk of Eviction | site |



    (Information contained in U.S. Department of the Treasury press release dated: June 24, 2021)

    Washington - - Today, the U.S. Department of the Treasury released guidance in the form of updated frequently asked questions (FAQs) and fact sheet to continue supporting the rapid deployment of Emergency Rental Assistance by states, territories, localities, and tribal governments. The FAQs build on prior actions to provide state and local governments with the tools they need to deliver relief to renters in need by helping grantees with implementation and best practices.

    The fact sheet is below and available here .

    The FAQs are available here .



    Emergency Rental Assistance Fact Sheet: Treasury Announces Further Action to Support Housing...
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  • U.S. Treasury Secretary Janet L. Yellen to Travel to G20 Finance Ministers and Central Bank Governors Meeting in Venice, Italy

    U.S. Treasury Secretary Janet L. Yellen to Travel to G20 Finance Ministers and Central Bank Governors Meeting in Venice, Italy | site |



    Will Also Travel to Brussels, Belgium To Advance U.S. Policy Priorities

    (Information contained in U.S. Department of the Treasury press release dated: June 24, 2021) Washington - - The U.S. Department of the Treasury today announced that Secretary Janet L. Yellen will attend the G20 Finance Ministers and Central Bank Governors meeting in Venice, Italy from July 9-10, 2021. While in Venice, Secretary Yellen will continue to reinforce the U.S. commitment to multilateralism and advance U.S. policy priorities on global tax policy, climate change, an inclusive economic recovery, and global health. She will also hold bilateral meetings with G20 counterparts. On July 11, the Secretary will attend the Venice International Conference on Climate with G20 counterparts, thought leaders, privat...
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  • Staff Reporter 1
    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit
    by Staff Reporter 1
    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit | site |


    (Information contained in U.S. Department of the Treasury press release dated: November 19, 2021)

    Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt issuance suspension period (DISP).

    The full text of the letter is also available below. The Honorable Nancy Pelosi Speaker U.S. House of Representatives Washington, DC 20515 Dear Madam Speaker: On October 18, I informed you that I had determined that a debt issuance suspension period (DISP) would continue through December 3, 2021 with respect to the Civil Service Retirement and Disability Fund (CSRDF). I am writing to notify you, pursuant to 5 U.S.C. § 8348(l)(2), of my determination that, by reason of the statutory debt limit, I will be unable to fully invest the portion of the CSR
    ...
    11-25-2021, 05:18 AM
  • Staff Reporter 1
    A Coordinated Strategy to Advance Racial Equity at Treasury
    by Staff Reporter 1
    A Coordinated Strategy to Advance Racial Equity at Treasury | site |



    (Information contained in U.S. Department of the Treasury press release dated: October 25, 2021)



    A Coordinated Strategy to Advance Racial Equity at Treasury


    October 25, 2021

    By Deputy Secretary of the Treasury Wally Adeyemo


    President Biden has made clear since Day One that advancing racial equity is not just a moral priority for our country—it is also critical to our economic success. Taking steps to unlock the unrealized potential of underserved communities makes our economy stronger and benefits all Americans. This is one reason why the Department of the Treasury is focused on advancing racial equity. This informed our decision to create a dedicated Office of Recovery Programs and has flowed through the policy and operational decisions we’ve made to implement the historic American...
    11-08-2021, 10:33 AM
  • Staff Reporter 1
    Remarks by Secretary of the Treasury Janet L. Yellen at the Countdown Summit
    by Staff Reporter 1
    Remarks by U.S. Secretary of the Treasury Janet L. Yellen at the Countdown Summit | site |




    (Information contained in U.S. Department of the Treasury press release remarks dated: October 12, 2021)




    Remarks by Secretary of the Treasury Janet L. Yellen at the Countdown Summit

    October 12, 2021


    As prepared for delivery: Hello, everyone. I’m Janet Yellen, the United States Treasury Secretary. I want to thank Vice President Gore for the invitation and for his many years of leadership on this issue. We’re now three weeks out on the road to Glasgow, and it’s a road crowded with many different travelers. A generation ago, the road, so to speak, was a much lonelier place, deserted by comparison. There was a cohort of environmental activists and government officials, like Vice President Gore, who cared deeply about climate change, but it was nothing like the broad cross-se...
    10-13-2021, 07:30 PM
  • Staff Reporter 1
    Remarks by Secretary of the Treasury Janet L. Yellen to CEOs and Business Leaders at the White House on Debt Limit
    by Staff Reporter 1
    Remarks by Secretary of the Treasury Janet L. Yellen to CEOs and Business Leaders at the White House on Debt Limit | site |




    (Information contained in U.S. Department of the Treasury press release remarks dated: October 6, 2021)


    Remarks by Secretary of the Treasury Janet L. Yellen to CEOs and Business Leaders at the White House on Debt Limit

    October 6, 2021


    As prepared for delivery I want to thank business and community leaders for joining us here today. I wish we could be meeting to discuss another topic, like finding solutions to climate change or how to better invest in the future of our economy. But the urgency of the debt limit situation demands immediate attention. I want to be clear about my position. First, this is an urgent matter which must be resolved immediately. Treasury is on the cusp of exhausting its extraordinary measures if Congress has not acted to raise or suspe...
    10-12-2021, 03:36 AM
  • Staff Reporter 1
    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit
    by Staff Reporter 1
    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit | site |




    (Information contained in U.S. Department of the Treasury press release dated: September 8, 2021)


    September 8, 2021 - -Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to Congressional leadership regarding the debt limit.

    The full text of the letter and also available below.

    The Honorable Nancy Pelosi

    Speaker

    U.S. House of Representatives

    Washington, DC 20515

    Dear Madam Speaker:

    I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department’s ability to continue to finance the government in the absence of Congressional action to address the debt limit. After th
    ...
    09-18-2021, 10:07 PM

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