Secretary Janet Yellen (Archived)

a year ago

Today, @USTreasury is announcing the disbursement of $20 billion to benefit Ukraine as part of the $50 billion G7 Extraordinary Revenue Acceleration Loans Initiative. These funds are paid for by windfall proceeds earned from Russia’s own immobilized assets.https://home.treasury.gov/news/press-releas

Untitled

A frank and productive exchange of views with my counterpart on key issues like expanding the global supply of candy and toys and tightening sanctions against chores.

Untitled

Stopped by @JimsSouthStreet (Whiz wit) this afternoon! Great to discuss @POTUS’ and @VP’s economic agenda over a cheesesteak.

Untitled

Good morning! I’m heading to Pennsylvania this morning to join @GovernorShapiro, @RepBrendanBoyle, and @RepMGS to announce that Pennsylvania will offer @IRSNews Direct File to its residents in the 2025 filing season.

Untitled

New data showed the U.S. economy grew 2.8% in the second quarter of 2024, affirming that we’re on a path of steady growth and declining inflation. This didn’t happen by accident—America’s economic strength reflects the Biden-Harris Administration’s economic plan.

Untitled

I met with Argentine Finance Minister @LuisCaputoAR to discuss Argentina’s progress on disinflation and efforts to support the most vulnerable.

Untitled

1/ Driven by the United States’ remarkable economic performance, the global economy remains strong today.

Untitled

I’m proud of the work the Biden-Harris Administration has done over 3.5 years on behalf of the American people to create 15 million new jobs, lower costs and deliver strong economic growth. I look forward to continuing that work to help American families and businesses get ahead.

Untitled

Thanks to @POTUS’s Inflation Reduction Act, the IRS has collected more than $1 billion from wealthy earners who haven’t paid overdue tax bills. This is one of many efforts to increase tax fairness and reduce the deficit underway at the IRS. http://home.treasury.gov/news/press-releases/jy2458

Untitled

Thanks to @POTUS's Inflation Reduction Act, the IRS is delivering. This Filing Season, the IRS has answered 9/10 calls with 3-minute average wait times. Prior to the IRA, fewer than 2/10 calls were answered, with ~30-minute average wait times.

Untitled

Today I toured the Forbidden City in Beijing. As China’s capital city, Beijing has a rich history, and a particular importance in the Chinese economy and economic future.

Untitled

Today, I’m heading to China — first to Guangzhou and then to Beijing — to engage with my counterparts, American business leaders, and others to advance America’s economic and national security interests.

Untitled

I met with Minister Luis Caputo of Argentina to discuss the Milei Administration’s important steps to stabilize Argentina’s economy, and the importance of protecting vulnerable Argentinians.

Untitled

I met with Minister Mehmet Şimşek to discuss how Türkiye and the United States can work together to address crucial regional issues. I also stressed the enduring importance of our bilateral relationship.

Untitled

Despite the predictions of many forecasters, there wasn’t a recession in 2023. Instead, inflation has come down significantly and we’ve maintained a healthy labor market. The unemployment rate is near historic lows. And we’ve had the fastest – and fairest – recovery on record.

Untitled

I just received a demo of the upcoming IRS Direct File tool. The IRS has built an impressive product that will give taxpayers a secure option to file their taxes online for free. This pilot program will start small in 2024, to allow the IRS to test it and learn from taxpayers.

Untitled

I was glad to welcome President Xi Jinping to California for his meeting with @POTUS and APEC Economic Leaders Week.

Untitled

I joined @SecDef, @SecBlinken, and @PowerUSAID in a letter urging Congress to fully support @POTUS’ request to sustain our direct budget support to Ukraine, which plays a critical role in bolstering their military efforts to win this war. https://home.treasury.gov/news/press-releases/jy1885

Untitled

Cutting funding for tax enforcement will only benefit wealthy tax cheats and corporations that aren’t paying what they owe, and it will raise the deficit. Tying those cuts to critical support for Israel and other national security priorities is irresponsible.

Untitled

I joined India’s Minister of Finance Nirmala Sitharaman for a discussion on multilateral development bank evolution, debt, and IMF quota reform, as well as our deep bilateral economic relationship.

Untitled

I met with Turkish Minister of Treasury and Finance Mehmet Şimşek and Central Bank of the Republic of Türkiye Governor Hafize Gaye Erkan where we discussed Türkiye's economic outlook, policy direction, and how Türkiye and the U.S. can work together to address global issues.

Untitled

It was great to meet with India’s Minister of Finance Nirmala Sitharaman to discuss our deep bilateral relationship and the need for concrete progress on global challenges at the G20 meetings.

Untitled

Today, I was proud to join World Bank President Ajay Banga to tour a site supported by the Bank that helps coordinate and better deliver primary education for millions of students in Gujarat.

Untitled

Pleased that, under @POTUS leadership, Congress has passed bipartisan legislation to suspend the debt limit. This protects the full faith and credit of the U.S. and preserves our financial leadership, which is critical to economic growth and stability. https://home.treasury.gov/news/press-releases/j

Untitled