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The Capital Projects Fund requires participating internet service providers to be part of the new Affordable Connectivity Program. We will continue to work to make sure expanded broadband access remains affordable. Find more info about internet access at GetInternet.gov
Dozens of state and local governments are already using part of their Recovery Funds to expand broadband, especially in rural communities, and Treasury will soon begin approving state applications for the Capital Projects Fund, which includes $10B for connectivity.
We are proud to be part of the Biden Administration’s unprecedented efforts to make broadband more affordable. Access to reliable, high-speed internet is essential for every household as well as our schools, businesses, & the continued strength of America's economy. twitter.com/WhiteHouse/sta…
Policy decisions like the #AmericanRescuePlan that put consumer protection, families & workers, and economic relief first continue to contribute to America’s strong recovery from the pandemic.
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Unprecedented actions by @USTreasury & our partners continue to degrade Russia's economy. Putin’s war is projected to wipe out 15 yrs of Russia's economic gains, & their top 2 tank manufacturers are no longer functioning because they can’t access needed goods & services.
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For the first time ever, Treasury has sanctioned a virtual currency mixer. Blender.io is used by the DPRK to support malicious cyber activities & money-laundering of stolen virtual currency. home.treasury.gov/news/press-rel…
HAPPENING 🔜! @USTreasuryy Climate Counselor@johnemortonn joins@MasoodCGDD for a#CGDTalkss discussion on the Department's "whole-of-economy" approach to combatting climate change. Register today �bit.ly/3kliyu33Oh
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This morning I visited Neighborhood Housing Services in Compton, CA with @LCastroRamirez, which is helping local residents access #AmericanRescuePlan programs like Emergency Rental Assistance and the Homeowner’s Assistance Fund.
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In today’s @BrookingsEcon event on policy responses to COVID, @SecYellen spoke on the #AmericanRescuePlan’s role in driving rapid recovery that has allowed our economy to face unknown risks—from Delta & Omicron to Putin’s unprovoked attack on Ukraine—from a position of strength.
Congratulations to Treasury's Ithai Lurie & his co-authors Jacob Goldin & Janet McCubbin for winning @NIHCMfoundation's 2022 Research Award for a study on taxpayer outreach that led to a 1.1 pp increase in health insurance coverage & is estimated to have saved at least 700 lives.
A sustainable economy is a strong economy. #EarthDay is a great day to think about the historic economic opportunities we have to build the green, resilient, innovative economy of the future. I'm proud of the work we do each day at @USTreasury to promote this sustainable future🧵
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OFAC added 3 virtual currency wallet addresses to the SDN Listing for Lazarus Group. The DPRK has relied on illicit activities like cybercrime to generate revenue while trying to evade US & UN sanctions. Transacting w/ these risks exposure to US sanctions. home.treasury.gov/policy-issues/…
Yesterday, @SecYellen met with @EU_Commission Executive VP @VDombrovskis & Commissioner for Economy @PaoloGentiloni. She welcomed the EU’s strong partnership on sanctions implementation & underscored the US's steadfast support for Ukraine’s sovereignty.
In a meeting this morning with Ukrainian Prime Minister Denys Shmyhal, @SecYellen announced $500M in additional direct aid the U.S. will provide to help address the urgency of Ukraine’s financing needs and some of the global economic impacts of Putin's war of choice.
TUNE IN: @SecYellen hosts a press conference to discuss progress made during this week's Bank Fund Spring Meetings, & share more about international cooperation to address the global effects of Russia's devastating and unprovoked war on Ukraine. twitter.com/i/broadcasts/1…
.@SecYellen expressed appreciation for Germany’s close coordination on the enforcement of Russia sanctions in a meeting with Finance Minister @c_lindner today. The Secretary encouraged continued investment in German and EU energy security.
Today, @SecYellen met with Canadian Deputy Prime Minister & Finance Minister @cafreeland to discuss continued coordination on sanctions & the impact of Russia’s unprovoked & brutal war on Ukraine on the global economy, including on energy & agriculture-related price increases.
.@SecYellen met with Italian Minister of Finance Daniele Franco & discussed G20 Finance-Health Task Force progress & the importance of continued coordination implementing & enforcing sanctions against Russia. She also welcomed Italy’s efforts to diversify its energy supply.
Yesterday, @SecYellen met virtually with Saudi Arabian Minister of Finance H.E. Mr. Mohammed Al-Jadaan. She reiterated the importance of the U.S.-Saudi bilateral relationship + combatting terrorist financing, & discussed the impact of Russia’s invasion of Ukraine on the region.
Yesterday, @SecYellen met with South African Finance Minister Enoch Godongwana & discussed climate response, South Africa’s leadership on COVID-19, the commodity shock triggered by Russia’s brutal invasion of Ukraine, & coordination against illicit Russian financial activities.
Yesterday, @SecYellen met with Indonesian Finance Minister Sri Mulyani Indriwati & emphasized support for strong U.S.-Indonesia relations, including on climate finance, just energy transition, addressing economic impacts of Russia’s invasion of Ukraine, & the @g20org presidency.
Today, the U.S. is targeting Russian financial and operational support networks that attempt to evade international sanctions. home.treasury.gov/news/press-rel…
Tune in: @SecYellen joins leaders from @IMFNews @WorldBank @G7 @g20org @IFAD to discuss the response to rising food security threat exacerbated by Russia’s war against Ukraine in the session "Tackling Food Insecurity: The Challenge and Call to Action" twitter.com/i/broadcasts/1…
Tax Day is almost here — here's everything you need to know, from when you can expect to get your refund, to how the wealthy get out of filing 💵Z
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A reminder: Tax Day this year is Monday, April 18th. @IRSnews encourages filing online and filing by the deadline to ensure your family receives tax credits they’re due quickly this year. Find resources on filing and receiving tax credits at irs.gov
US Treasury has added a digital currency wallet address to the SDN listing for Lazarus Group here: home.treasury.gov/policy-issues/… twitter.com/FBI/status/151…
Today, we join 90+ federal agencies in releasing a historic Equity Action Plan. Read more about our efforts to ensure that families, businesses, & communities historically excluded from opportunity are fully included in the nation’s economic recovery: treasury.gov/equity
A reminder: Tax Day this year is Monday, April 18th. @IRSnews encourages filing online and filing by the deadline to ensure your family receives tax credits they’re due quickly this year. Find resources on filing and receiving tax credits at irs.gov
Today, @SecYellen joins @AtlanticCouncil for a special address and Q&A on the future of the global economy and U.S. economic leadership. Tune in now: twitter.com/i/broadcasts/1…
Ahead of tax day, I joined @FLOTUS, @SecCardona, @NydiaVelazquez and @GeneSperling46 to encourage families in Puerto Rico to sign-up for the American Rescue Plan’s historic expansion of the Child Tax Credit and Earned Income Tax Credit.
Retweeted by Treasury Department
The Kinahan Organized Crime Group smuggles deadly narcotics to Europe and is a threat to the entire licit economy through its role in international money laundering. Up to $5 million in reward money is available for info on the KOCG. twitter.com/StateDeptSpox/…
Treasury’s OFAC joined US and international partners in Dublin today to announce coordinated actions against the Kinahan Organized Crime Group (KOCG), a transnational crime organization. home.treasury.gov/news/press-rel…
Combatting corruption in the Western Balkans and around the world is a top priority for this Administration. @USTreasury will not hesitate to use all tools at our disposal to hold corrupt and destabilizing actors accountable. home.treasury.gov/news/press-rel…
Retweeted by Treasury Department
Today, Treasury & @StateDept sanctioned major Russian state-owned enterprises. We are continuing to restrict the Kremlin’s access to assets, resources, & sectors of the economy essential to supplying & financing Putin’s brutality. home.treasury.gov/news/press-rel…
Today, @SecYellen is giving remarks on digital assets policy, innovation, and regulation at @AmericanU’s Center for Innovation. Watch her remarks live here: youtu.be/VPQiPFqFwOU
Additionally, @POTUS is issuing a new Executive Order today, which bans new investment in the Russia. Treasury will also prohibit Russia from making debt payments with funds subject to U.S. jurisdiction. Read more: whitehouse.gov/briefing-room/…
Treasury is imposing full blocking sanctions on Sberbank, Russia’s largest state-owned bank, & Alfa-Bank, Russia’s largest private bank. Treasury is also targeting family members of President Putin & Minster Lavrov, as well as other officials complicit in the war against Ukraine.
Today, the U.S. took major steps to escalate sanctions and degrade the economy of the Russian Federation in response to Russia’s continued brutal war against Ukraine and atrocities against Ukrainian citizens. home.treasury.gov/news/press-rel…
By fixing the “family glitch”, @POTUS & @VP would expand affordable health care coverage to nearly 1 million Americans who would be able to save hundreds of dollars a month, thanks to their ability to qualify for premium tax credits & buy #ACA coverage. twitter.com/WhiteHouse/sta…
Yesterday, @SecYellen met with Jamaican Prime Minister Andrew Holness & members of his delegation to underscore shared priorities for building climate resilience, strengthening sustainable infrastructure development, & promoting digitalization. home.treasury.gov/news/press-rel…
Here in Paris, I spoke to @MathiasCormann about economic cooperation and the historic deal between 137 countries to stop the race to the bottom on corporate global taxation.
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This week, @SecYellen & Counselor for Racial Equity Janis Bowdler had the chance to thank @WeAreUnidosUS for their partnership & thoughtful input to Treasury regarding the implementation of economic recovery programs, particularly ensuring equitable access to emergency resources.
Counselor for Racial Equity Janis Bowdler also addressed the @WeAreUnidosUS #Changemakers22 leadership breakfast this week, highlighting the work to create an inclusive & resilient economy, address broken systems, & create opportunity for all Americans. home.treasury.gov/news/press-rel…
As #WomensHistoryMonth ends, I’m reflecting on some recent inspirational meetings, including with this group of incredible entrepreneurs at an iconic Black-women owned restaurant in Memphis. It’s a reminder that when women have access to opportunity, they help communities thrive.
Retweeted by Treasury Department
Treasury has also expanded sanctions authorities to include aerospace, marine, & electronics sectors of the Russian economy. Today’s actions are a part of the comprehensive response to restrict sectors that are essential to supplying Putin's continued invasion of Ukraine.
The U.S. continues to impose severe costs on Russia for its unprovoked & unjustified war against Ukraine by targeting operators in the Russian technology sector to prevent it from evading multilateral sanctions & procure critical western technology. home.treasury.gov/news/press-rel…
Included in today's updates: new incentives to urge state & local govts to fund additional eviction diversion efforts as these emergency funds run out. Already govts have budgeted $3.75B+ of their State & Local Fiscal Recovery Funds for rental assistance & eviction prevention.
Establishing ERA services at a national scale is paying off. New analysis by Eviction Lab published earlier this month found that millions of renters avoided the threat of eviction in 2021 due to the fed govt’s unprecedented interventions. evictionlab.org/us-eviction-fi…
Nationwide infrastructure that ERA helped create has led to direct assistance for millions of renters, & the creation of hundreds of new state & local partnerships with nonprofits & courts administering eviction diversion, access to counsel, & housing stability services.
The Emergency Rental Assistance program, part of the #AmericanRescuePlan, continues to help families stay in their homes. Through February 2022, ERA grantees have made 4.7M+ payments to households & spent or obligated approx. $30B in rental assistance. home.treasury.gov/news/press-rel…
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