Category: Treasury

Consumer

Treasury Secretary Yellen Admitted She Failed To Anticipate How Long High Inflation To Plague American Consumers

WASHINGTON, DC (June 1, 2022)--US Treasury Secretary Janet Yellen admitted Tuesday that she had failed to anticipate how long high inflation would continue to plague American consumers, as the Biden administration works to contain a mounting political liability. "I think I was wrong then about the path that inflation would…
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Russia

Seizing Frozen Assets From Russia’s Central Bank To Finance Ukraine’s Reconstruction Illegal Without Due Process in USA

WASHINGTON, D.C. (May 18, 2022)---Treasury Secretary Janet Yellen conceded that it would not be legal for the US to seize frozen assets from Russia's central bank and use it to finance Ukraine's reconstruction once the Kremlin's invasion ends. Traveling overseas for a meeting of G-7 finance ministers, Yellen opened the…
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Agriculture

U.S. Secretary of the Treasury Janet L. Yellen Discusses Global Food Insecurity Crisis and Highlights Forthcoming Plan to Surge Resources to Meet Urgent Need

WARSAW, POLAND May 17, 2022) -- Today, Secretary of the Treasury Janet L. Yellen visited the World Central Kitchen site in Warsaw, Poland, to highlight important work to serve Ukrainian refugees and preview an action plan from the International Financial Institutions (IFIs) to surge resources to tackle the rising threat…
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Banking

Treasury Launches Consumer Education Effort on Digital Assets

WASHINGTON (March 8, 2022)— The U.S. Department of the Treasury announced today that the Financial Literacy and Education Commission (FLEC) would form a new subgroup on digital asset financial education, which will operate alongside the FLEC's current workstream analyzing the impact of climate change on household and community financial resilience.…
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Treasury

American Women Quarters Program First Coin “Maya Angelou Quarter

WASHINGTON, D.C. (January 11, 2022)-- the first coin of the "American Women Quarters Program" is here--the Maya Angelou Quarter," tweeted the United States Mint.     [embed]https://twitter.com/usmint/status/1480585986199404552?s=20[/embed] The First President of the United States George Washington remains on one side of the coin and Ms. Angelou is on the flip side…
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Treasury

Senator Richard Burr and Brother-In-Law Under SEC Investigation For Potential Inside Trading

WASHINGTON (AP) — North Carolina Sen. Richard Burr and his brother-in-law are being investigated by the Securities and Exchange Commission for potential insider trading, a case that stems from their abrupt sales of financial holdings during the early days of the coronavirus pandemic, according to recent federal court filings. Burr,…
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Treasury

Democrats’ Historic Tax Hikes and IRS Spying Would Hurt American Workers and Help China

WASHINGTON, D.C. (October 6, 2021)- – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding Democrats’ reckless tax and spending spree: “President Biden makes two claims about the reckless taxing and spending spree that Democrats are writing behind closed doors. He is saying it…
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