The promise of a more equitable economy is nothing without action. At ’s first summit on Latino economic development, we’re discussing how this Administration has invested in the Latino community – efforts which have delivered real results – and the work that remains.
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Treasury Department’s Tweets
Today, Treasury announced broadband funding to connect 33,000 homes and businesses in Washington to affordable, high-speed internet under the American Rescue Plan's Capital Projects Fund, part of 's Investing in America Agenda.
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Today, as part of the first summit on investing in the economic future of the Latino community, the Treasury Department released a new fact sheet detailing actions the Department has taken and their impact on Latino households, businesses, and communities.
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Press Conference Secretary of the Treasury Janet L. Yellen in Paris, France June 22,2023
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Today, to commemorate the Juneteenth holiday, the U.S. Department of the Treasury released a fact sheet detailing actions the Department has taken and their impact on Black households, businesses, and communities.
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Today, Treasury announced funding for broadband infrastructure projects & multi-purpose community facility projects in Montana & North Dakota under the American Rescue Plan's Capital Projects Fund, part of 's Investing in America Agenda.
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The CHIPS Act included a tax credit of 25% of the cost of building new semiconductor manufacturing facilities in the US. Today’s guidance provides clear rules of the road for companies to utilize the full credit and propel investments forward.
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Today, U.S. Treasurer Chief Lynn Malerba convened a meeting of the Treasury Tribal Advisory Committee to hear from Tribal leaders and discuss Indian Country’s economic priorities.
home.treasury.gov/news/press-rel
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Today, Treasury released guidance on 2 new provisions in the IRA that will expand the reach of the clean energy tax credits. Schools, states, & community groups will benefit & projects will be built more quickly and affordably.
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Today, announced a new strategy to help ensure fairness in Treasury’s compliance and enforcement practices – a key part of the Department’s broader efforts to promote equity and transparency across programs, policies, and services.
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U/S Shambaugh spoke to the U.S. Global Leadership Coalition today on ’s priorities, including strengthening the global economy, healthy economic competition with China, evolving the MDBs to better address climate change, and supporting emerging markets and investment.
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CPF is working in tandem with other federal programs, like the Bipartisan Infrastructure Law’s Affordable Connectivity Program, to close the digital divide. Already, President Biden’s Investing in America agenda has delivered high-speed internet to over 18 million households.
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Here’s one example: In Pennsylvania, 44,000 homes and businesses are set to benefit from $200 million worth of broadband expansion. This funding is expected to particularly boost rural communities, where access to high-speed internet is still lacking.
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CPF provides $10 billion to fund capital projects that enable work, education, and health monitoring – including building broadband infrastructure, improving multi-purpose community centers, and investing in digital connectivity projects that address gaps in digital equity.
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A year after announcing the first awards under the American Rescue Plan’s Capital Projects Fund, Treasury has awarded approx. $6.7 billion to close the digital divide in 42 states, which those states estimate will reach more than 1.88 million locations.
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This is one of several studies the Treasury Department has undertaken to better understand whether and how government policies and programs expand access to equal opportunity, which will help inform fair and equitable policy responses to potential future economic shocks.
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In a new study by the Treasury Department, , and , researchers found Economic Impact Payments quickly and effectively reached underserved communities and Americans most in need. More:
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Under Secretary Shambaugh met with appointed Ambassador from the PRC Xie Feng. While raising issues of concern, he emphasized the importance of the two largest economies closely communicating on global macroeconomic and financial issues and working together on global challenges.
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Secretary Yellen met virtually with French Finance Minister Bruno Le Maire and discussed priorities for the upcoming Paris Summit, including evolving MDBs and mobilizing private capital for global challenges like climate change.
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Today, Treasury announced the approval of resources to expand high-speed internet to over 47,300 homes and businesses in Mississippi under the American Rescue Plan’s Capital Projects Fund, part of President Biden’s Investing in America agenda.
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