Legislators say limiting tax credits to new energy sources will limit market development. Ten Senators drafted a letter to President Biden’s administration advocating for greater leniency within the…
Read MoreTreasury Secretary Yellen
U.S. and China Agree on Economic Talks
The Treasury secretary speaks of the distinction between decoupling and diversifying. The Treasury Department announced an agreement reached between China and the United States to create regular working…
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First Awardees for Minority Business Assistance Chosen
Treasury Department distributes $57 million to 12 states for small business support programs. The Department of the Treasury announced the first awardees of their technical assistance grant for…
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IRS Plans Fully Digital Tax Submissions for 2024
The agency expects to convert entirely to paperless processing by 2025. U.S. Treasury Secretary Janet Yellen announced that the Internal Revenue Service (IRS) will begin accepting digital tax…
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America’s Credit Rating Downgraded
Treasury Secretary Yellen objects to reduction even as the nation may borrow $2 trillion by yearend. Fitch Ratings, Inc. downgraded its rating of the stability of the federal…
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Treasury Secretary Appoints Climate Counselor
The new department official will report to Secretary Yellen directly to support a net-zero emissions economy. Secretary of the Treasury Janet Yellen appointed Ethan Zindler as the Treasury…
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Secretary Yellen Meets With Vietnamese Prime Minister
She discussed trade, security initiatives, and clean energy transition. U.S. Treasury Secretary Janet Yellen visited Hanoi, Vietnam, this week. She met with Vietnamese Prime Minister Pham Minh Chinh…
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Chinese Ambassador Makes Rare Pentagon Appearance
The unusual meeting signals interest in maintaining U.S.-China relations. Ambassador Xie Feng of the People’s Republic of China (PRC) visited the Pentagon on Wednesday, attending a 90-minute meeting…
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Treasury Secretary Commends Zambia’s Debt Restructuring
The troubled nation receives an extension on debt repayment. Secretary of the Treasury Janet Yellen commended Zambia’s debt restructuring agreement this week. Many African countries are deeply in…
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Secretary Yellen Outlines Climate Strategies
Financial ministers hear priorities for developing climate action. Secretary of the Treasury Janet Yellen spoke before the Coalition of Finance Ministers for Climate Action last week, discussing the…
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