Deputy Secretary Wally Adeyemo @TreasuryDepSec Twitter profile

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

26 days

. @RepAOC and I want you to hear about IRS Direct File - an easy and free way to file your taxes. If you have simple taxes and live in one of 12 states, you could be one of the ~19 million eligible Americans. Find out and file today at .

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

This week we have seen deposit outflows stabilize, and in some cases reverse, within most small and medium-sized banks. The swift and decisive actions taken by @SecYellen and regulators have helped restore confidence in our banking system, and depositors should feel secure.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

There is no greater honor than working in public service. I’m proud to join the dedicated public servants at @USTreasury to meet our country’s urgent needs, keep us safe and build an economy that works for everyone.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

11 months

The IRS has the resources it needs in the near term to improve customer service and go after wealthy and corporate tax evaders. 1/2

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

7 months

Today, Treasury announced that applications for the Low-Income Communities Bonus Credit program through the Inflation Reduction Act will open at 9AM ET on October 19, 2023.

U.S. Department of the Treasury, U.S. Department of Energy, IRS Announce Date for Opening of...

Program provides a 10 or 20-percentage point tax credit boost for solar and wind projects in low-income or Tribal communitiesWASHINGTON —Today, the U.S. Department of the Treasury, U.S. Department of...

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

During the Great Recession, when cities & states faced damaging shortfalls, we know now that the federal gov't didn’t provide enough aid to close the gap quickly. At @USTreasury , we learned lessons from the past & we’re charting a different path through the COVID-19 recovery.

Treasury Department

@USTreasury

3 years

Applications for the State & Local Fiscal Recovery Funds have been open for less than 24 hours, and we’ve already started processing 500+ submissions. We’re working to get needed aid to local governments quickly. Find more info here:

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

6 months

Today, Treasury announced sanctions targeting more assets in Hamas’s investment portfolio & individuals who are facilitating sanctions evasion. These actions underscore our commitment to taking action to disrupt Hamas’s access to funds.

Treasury Targets Additional Sources of Support and Financing to Hamas

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed a second round of sanctions on key Hamas-linked officials and financial networks following...

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

6 months

When terrorist organizations like Hamas can't use the United States and the U.S. dollar, they try to find other currencies and countries. That’s why I’m in Europe working with partners to go after Hamas' financial bases wherever they exist.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

6 months

It has been two years of steady progress since @POTUS signed the Bipartisan Infrastructure Law, a once-in-a-generation investment. We have made incredible progress by investing in our country's infrastructure, and we are not stopping anytime soon.

Infrastructure Investment in the United States

Eric Van Nostrand, Assistant Secretary for Economic Policy (P.D.O.)Two well-documented facts characterize infrastructure investment in the United States: it has fallen in recent decades and reversing...

home.treasury.gov

Secretary Pete Buttigieg

@SecretaryPete

6 months

Two years and 40,000 projects later—we're just getting started.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

7 months

As part of @POTUS ’ Investing in America agenda, Treasury and the IRS released guidance on an important provision of the Inflation Reduction Act that will lower Americans’ utility bills by providing increased incentives to make homes more energy efficient.

U.S. Department of the Treasury, IRS Release Guidance to Lower Americans Utility Bills, Increase...

Energy efficient home credit provides up to $5,000 to home builders for cost-saving upgradesWashington, D.C. — As part of the Biden-Harris Administration’s Investing in America agenda, the U.S....

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 months

The new, free Direct File tool has reached a big milestone one week in—more than 50,000 taxpayers have started or filed their tax return. See if you are eligible at

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

8 months

I’m thrilled to be back in Nigeria, the country where I was born, to talk about the vital US - Nigeria relationship. Nigeria’s greatest resource is its people — so I kicked off my trip by hearing from creators and entrepreneurs like @iamkiekie_ and @basket_mouth at @ALARALagos .

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

8 months

Afrobeats are a must for any of my playlists, so I really enjoyed experiencing the art from those who create at @theogidistudios . Nigeria’s creative industry, powered by people like @idiriza and @iambisola , is seen and heard around the world — a bright spot for investment.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

8 months

I’m about to deliver a speech on the importance of the U.S.- Nigeria relationship here at Lagos Business School. Tune in live at 3:00 PM WAT / 10:00 AM ET at the link below:

U.S. - Nigeria Economic Relations: People, Entrepreneurship, and...

The Deputy Secretary of the U.S. Department of the Treasury's visit to Lagos Business School

www.youtube.com

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

The Biden Administration's economic agenda is focused on sustainably expanding the supply of the U.S. economy and our capacity to produce going forward, which will ease inflationary pressures and lead to growth, economic security, and good jobs for Americans.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

The global minimum tax agreement is the biggest change to corporate taxation in 100+ years. It ensures corporations pay their fair share and levels the playing field so countries compete on strength of their workers, infrastructure, & ability to innovate.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Today, @VP announced new public and private efforts to maximize investments flowing into underserved communities, especially communities of color, rural, and Tribal communities.

FACT SHEET: Vice President Announces New Private and Public Sector Efforts to Align Tens of...

The federal government and a coalition of 24 companies and foundations are coming together to align historic investments in underserved communities; Founding members of the Coalition include Ariel...

www.whitehouse.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

11 months

The President has called for additional resources to empower a modernized IRS to achieve these goals. We plan to continue to advocate for additional resources to make service improvements and ensure high end taxpayers are not able to avoid paying their fair share. 2/2

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

8 months

Rural communities are the backbone of the American economy, yet too often they are hit the hardest when economic crisis strikes. Today, we are seeing a strong rural recovery from the pandemic because of @POTUS ’s focus on these communities.

Rural America is experiencing a strong recovery thanks to Biden administration investments

The backbone of the US economy is found in rural communities across America. But when an economic crisis happens, they often get hit the hardest. That's why Biden invested in them.

www.foxbusiness.com

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

9 months

Last summer, headline inflation was over 9%. Now, it’s down significantly to just over 3%. @POTUS and this Administration will keep working to bring down costs, maintain a robust labor market, expand supply, and invest in America.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

7 months

Treasury, alongside our partners in law enforcement, has just imposed major new sanctions against 28 individuals and entities involved in the trafficking of deadly substances like fentanyl and xylazine into the United States.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 month

As part of @POTUS ’s comprehensive strategy to crack down on fentanyl trafficking, @SecYellen launched a Counter Fentanyl Strike Force to sharpen @USTreasury ’s efforts against drug cartels. We’ve also worked with Mexican counterparts to deepen cooperation on this shared priority.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

6 months

. @POTUS ’ first two years in office saw more Americans applying to start small businesses than any on record. By implementing several American Rescue Plan programs, Treasury is taking the lead role in ensuring these new businesses have what they need to succeed for years to come.

Treasury Department

@USTreasury

6 months

2021 and 2022 saw record new business applications. Treasury’s new report card shows how @POTUS ’ Investing in America agenda is supporting small business growth, including through $22 billion made available through three American Rescue Plan programs.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Kicking off my trip to Europe with a stop at British-Ukrainian Aid, a charity that sends medical supplies to Ukraine and the front lines. A clear reminder of what’s at stake as we meet with partners and Allies this week to discuss next steps for imposing economic costs on Russia.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

As @VP said today, these $1.73B in grants represent the largest CDFI grant program in history. These resources will be transformative for community organizations and lenders that are building a more equitable, resilient economy, and helping sustain our strong economic recovery.

Vice President Kamala Harris

@VP

1 year

Today, I announced $1.73 billion in grants to support equitable economic growth, including to community lenders that provide small business owners and entrepreneurs with access to the capital and coaching they need to succeed.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

This Tax Day, when the average American spends 13 hours on returns, it's worth remembering how chronic underfunding has kept IRS tech stuck in the 1960s. It doesn't have to be this way. Strong & sustained IRS support is what taxpayers deserve.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

6 months

Even as we take decisive action to cut off Hamas from the funding it needs to perpetrate terror, we are working with financial institutions and allies to make sure the Palestinian people get access to the humanitarian support they need.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 months

I was glad to join @VP and @NC_Governor in Durham today to announce millions of dollars for entrepreneurs in North Carolina, which the state is awarding to 10 women- and minority-led venture capital firms with track records of support for small businesses and entrepreneurs.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

19 days

The IRS has met or exceeded every 2024 Filing Season goal thanks to improvements funded by @POTUS ' Inflation Reduction Act.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

11 months

This is a good, bipartisan deal for the American people and the economy. It protects key legislative achievements, prevents draconian cuts to critical programs millions of Americans count on, and averts a catastrophic default on our debt.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

6 months

I’m about to deliver remarks & participate in a fireside conversation at @RUSI_org in London, where I’ll announce new actions to disrupt Hamas’s ability to use & raise funds. Tune in live at 11:00 AM BST / 6:00 AM ET :

Deputy Secretary of the US Treasury Wally Adeyemo on Sanctions, Illicit Finance and Security

Join us for a public event featuring prepared remarks and discussion by Deputy Secretary of the US Treasury Wally Adeyemo.

my.rusi.org

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

29 days

It was great to join @RepAOC at the Casa Yurumein cultural center in the Bronx to talk about how New Yorkers with simple taxes are saving time and money filing their taxes for free with IRS Direct File. Visit to learn more.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

8 months

Today in Lagos, I had the chance to hear from financial institutions and US companies operating in the Nigerian market. With the right macroeconomic framework, as well as work to address security issues and corruption, Nigeria can be a destination of choice for investment.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

A very meaningful part of my visit today was a stop at the Ukrainian Catholic Archeparchy of Philadelphia. Staff & local priests here updated me on their daily communication with counterparts in Ukraine, as we all reflected on the bravery of the Ukrainian people.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 month

Under @POTUS ’s leadership, we’ve taken decisive action against illicit fentanyl trafficking. In the last 2 years alone, @USTreasury has sanctioned nearly 300 targets for their roles in drug trafficking – helping stop the flow of drug trade money that puts American lives at risk.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Top officials from 33 countries met at @USTreasury today to discuss the effects of our sanctions and export controls on Russia’s military-industrial complex and defense supply chains. This was the first time we were able to gather this coalition together in person.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

17 days

Because of decisive policy decisions made by @POTUS and @VP , America’s seen its most equitable economic recovery in history. Black women in particular were hit hard by the pandemic but are now driving American economic growth. My op-ed in @Essence :

From Crisis To Progress: How Black Women Are Driving America's Economic Recovery | Essence

Broad-based gains are being seen across our communities—in key metrics like jobs, wages, and wealth—most notably for Black women.

www.essence.com

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

Today I met Ghanaian Finance Minister Kenneth Ofori-Atta and congratulated Ghana on the IMF’s approval of a $3 billion program to restore macroeconomic stability and debt sustainability.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

Treasury is taking more action as part of the U.S. strategy to methodically & intensively target Russia's sanctions evasion efforts around the globe, and to make it harder & costlier for Russia's military-industrial complex to re-supply Putin's war machine.

Treasury Targets Global Sanctions Evasion Network Supporting Russia’s Military-Industrial Complex

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed full blocking sanctions against 22 individuals and entities across multiple countries related...

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

6 months

The nation experienced a historically equitable recovery from the pandemic as a direct result of @POTUS ’ American Rescue Plan. At the 2023 Freedman’s Bank Forum we will focus on key changes our Administration has implemented to build wealth and advance equity for all Americans.

Treasury Department

@USTreasury

6 months

Tomorrow, Treasury will host the 2023 Freedman’s Bank Forum. This year’s theme is, “Building Wealth and Advancing Equity is an Economic Benefit to All.” Learn more:

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

Investing in our children is investing in our future. The Child Tax Credit doesn’t just have impact on one child or one family, but an impact on our whole country – our competitiveness & our potential. Find out more about the expanded credit at

NowThis Impact

@nowthisimpact

3 years

Deputy Treasury Sec. Wally Adeyemo says getting money to American families is critical — and the Child Tax Credit will do just that

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

The U.S. economy is growing with over 200,00 jobs created this past month. If Congress fails to raise the debt limit, we would go into a recession and it would be catastrophic.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Today in Brussels, I joined @McGuinnessEU for a US-EU Sanctions Dialogue to deepen the historic partnership we have forged in response to Russia’s invasion of Ukraine. Our joint approach to the design and deployment of economic sanctions is grounded in our shared values.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

11 months

The promise of a more equitable economy is nothing without action. At @USTreasury ’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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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

8 months

Small and medium businesses employ over 80% of Nigerians. They’re the backbone of the economy. I visited @ReelFruit and the startups at @VibraniumValley to learn what support entrepreneurs need. With an ecosystem of public-private partnership, firms like these can drive growth.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

8 months

I’m going to Nigeria as part of our efforts to expand economic ties with Africa’s largest economy. As a Nigerian-American, I’m looking forward to being back in Lagos to deepen this partnership.

Deputy Treasury Secretary to Visit Nigeria to Bolster Economic Ties

Wally Adeyemo, the highest-ranking member of the African diaspora in the Biden administration, emigrated from Nigeria to the United States as a child.

www.nytimes.com

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

Yesterday, Treasurer Chief Malerba received a call from the Cherokee Nation of OK – the first call made with their new cell tower built with American Rescue Plan dollars from @USTreasury . Before this tower, the people of Kenwood had to drive 10 miles to make a cell phone call.

Cherokee Nation

@CherokeeNation

1 year

The Cherokee Nation and @ATT are celebrating the newly constructed 355-foot-tall cell tower built by Cherokee Nation in collaboration with AT&T, giving thousands of residents in Kenwood, Oklahoma, fast, reliable and secure connectivity for the very first time! 🤳🌐 #together

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

The general licenses released today reflect our commitment to ensuring humanitarian assistance and related trade continues to reach at-risk populations through legitimate and transparent channels, while maintaining the effective use of targeted sanctions.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

Not only did the Tulsa massacre & the decimation of Black Wall Street take the lives of many Black Americans, it also wiped out the wealth of one of the most economically significant Black communities in the US. We must remember history and commit to the work of economic justice.

Secretary Janet Yellen

@SecYellen

3 years

To understand the American economy & make thoughtful policy, we must talk about the devastating impact of systemic racism. The Tulsa Massacre is among our most visceral reminders. We can build a more equal, just economy—but only if we acknowledge history & work to unwind it.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

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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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

Today’s historic #G7 agreement to move forward on a global minimum tax that requires multinational companies to pay their fair share was only possible because of @POTUS 's leadership to build a foreign policy for the middle class.

Secretary Janet Yellen

@SecYellen

3 years

The G7 Finance Ministers have made a significant, unprecedented commitment today that provides tremendous momentum towards achieving a robust global minimum tax at a rate of at least 15%.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Today I toured IIT Mumbai’s Society for Innovation & Entrepreneurship start-up incubator. I spoke with students & entrepreneurs about how their innovations & strong U.S.-India ties can help expand economic opportunity in both of our countries & address pressing global challenges.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

George Floyd’s life mattered, and his memory will continue to matter to me. My thoughts are with his family today, and with too many other families who have held the same grief. We must do better and build a society that values every American.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 months

As we near the two-year anniversary of Russia’s illegal war, I spoke today at @CFR_Org about the work we are doing to disrupt Russia’s war machine and support the Ukrainian people. 1/2

Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the Council on Foreign Relations

As Prepared for DeliveryThank you, Mike, for having me here today. While I wish I were here under different circumstances, tomorrow, as you all know, marks the second anniversary of Russia’s illegal...

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 months

We announced over 500 sanctions and designations today to limit the ability of Kremlin to raise revenue and to make it harder for Russia to purchase the components it needs for its military. 2/2

On Second Anniversary of Russia’s Further Invasion of Ukraine and Following the Death of Aleksey...

WASHINGTON — Today, marking Russia’s two years of unprovoked and unlawful full-scale war against Ukraine and in response to the death of opposition politician and anticorruption activist Aleksey...

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

I always appreciate the chance to work with our counterparts at @hmtreasury . We had a productive meeting on sanctions and will continue our steadfast partnership in countering Russian aggression.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

I’ll be in Europe for the next few days to talk to allies about how we can continue to effectively target sectors of the Russian economy & constrain Putin’s ability to conduct his unprovoked war in Ukraine. I spoke to @mitchellreports @MSNBC today about our multilateral efforts.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

I am traveling to India this week because deepening the partnership between our two countries is critical to advancing our core economic interests, including strengthening supply chains and bolstering trade and investment flows.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

11 months

Today, I was proud to join Senators @MarkWarner & @MikeCrapo to announce that the Economic Opportunity Coalition has reached $1 billion in deposit commitments to Community Financial Development Institutions and Minority Depository Institutions.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

11 months

Millions of Americans rely on the U.S. government, including retirees relying on social security, our troops relying on their salary, and small businesses relying on timely payment. Congress needs to raise the debt ceiling so it can meet the commitments it has already made.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

We are pleased to partner with Israel in the global effort to stop ransomware. This new cooperation has already resulted in the sharing of real-time cyber threat data to prevent attacks from impacting the U.S. financial sector.

Treasury Announces Cyber Security Cooperation Memorandum of Understanding with the State of Israel

WASHINGTON — The U.S. Department of the Treasury and the Ministry of Finance of the State of Israel (MOF) announced the finalization of a bilateral Memorandum of Understanding (“MoU”) on Cybersecur...

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

A great trip to Houston today discussing the American Rescue Plan, including the expanded monthly Child Tax Credit & the Emergency Rental Assistance program. Investments in our children, families, businesses, & infrastructure are enabling communities to recover from the pandemic.

Treasury Department

@USTreasury

3 years

Today, @TreasuryDepSec was on the move visiting Houston to promote American Rescue Plan programs, meet with Texans who received the first monthly Child Tax Credit payment yesterday, talk to Texans about Emergency Rental Assistance, and attend a business roundtable.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

. @POTUS has made clear that this Administration’s top priority is lowering costs for American families.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

It is important to see what is happening in the Russian economy and the effect of our economic actions: inflation is up, the Russian ruble is down, their stock market is closed. Russia is experiencing an acute financial crisis.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

In an essay for @ForeignAffairs , I detail the U.S. and coalition strategy to implement an historic sanctions regime and oil price cap on Russia to limit its revenue and degrade its military in response to their brutal and illegal war on Ukraine.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Russia’s economy is in a great deal of pain due to sanctions by the U.S. and our partners. The Kremlin is being forced to make tough decisions on propping up their economy or continuing to fund their unjustifiable war in Ukraine. We will continue to make that choice harder.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 months

Companies like Ener-G-Africa show that the clean energy transition isn’t a distant goal; it’s improving lives and creating good jobs today. Great to see these made-in-Africa products — solar panels and affordable, energy-efficient cookware — filling critical gaps for consumers.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

It is critical that state and local governments put ARP funds to work to protect families and prevent evictions. Great to join @GeneSperling46 & talk to county leaders today about their essential part in pandemic recovery.

NACo

@NACoTweets

3 years

Thank you @USTreasury Deputy Secretary @wallyadeyemo and White House American Rescue Plan Coordinator @genebsperling for joining #county leaders today at #NACoAnn to discuss #COVID19 recovery & #AmericanRescuePlan implementation

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

6 months

This report shows that the Biden Administration’s policies have driven the most equitable economic recovery in recent memory, and our historic investments through the BIL, IRA, and CHIPS Act can spur an even more equitable expansion.

Treasury Department

@USTreasury

6 months

Today, the Treasury Department released a report detailing new research and evidence that the Biden-Harris Administration’s response to post-pandemic recovery fostered the most equitable recovery in history.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

It’s especially exciting that @VP also announced the creation the Economic Opportunity Coalition – a coalition of private sector, philanthropic, & community orgs that has committed tens of billions of $ and other resources to strengthen community finance orgs like CDFIs & MDIs.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

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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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

5 months

It was a pleasure to speak at today’s Blockchain Association Policy Summit, where I focused on the steps we must take to prevent bad actors from using the digital asset ecosystem for illicit activity.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

We work on many challenging national and international issues at @USTreasury every day, but today we also remember how public service should connect us to community close to home. Thanks to Martha’s Table for all their great work — we were glad to pitch in.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Today I met with IRS employees and volunteers who help taxpayers at a New York City Taxpayer Assistance Center. We discussed how the IRS can improve customer service and upgrade decades-old computer systems thanks to the Inflation Reduction Act.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

10 months

Our economic success hasn’t occurred by happenstance. @POTUS is delivering on his promise to invest in America with economic policies that create good jobs and make us more competitive.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 months

It was great to join @SenOssoff in Cobb County, GA to see how the county is utilizing federal investments from President Biden’s Investing in America agenda to catalyze economic development — including by building new workforce service centers at @CobbWorks .

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

A @USTreasury workforce that reflects the diversity of the American people is critical to our ability to deliver on all of the @POTUS 's economic priorities. We're committed to building an economy that works for everyone, & we're excited to have Janis join us in this work.

Secretary Janet Yellen

@SecYellen

3 years

I’ve appointed Janis Bowdler to serve as Treasury's first Counselor for Racial Equity, charged with coordinating Treasury's efforts to advance racial equity, including identifying & mitigating barriers to accessing benefits & opportunities with the Dept.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

The State Small Business Credit Initiative was reauthorized and expanded with $10B in funding by @POTUS ’s American Rescue Plan. I’m in North Carolina today to meet with recipients of SSBCI funds, and announce $200M+ more for small-business support in NC.

Treasury Announces North Carolina Approved to Receive Up to $201.9 Million to Promote Small...

Deputy Secretary Adeyemo Announced the Approval of North Carolina’s State Small Business Credit Initiative (SSBCI) Plan at Event in Raleigh with North Carolina Secretary of Commerce Machelle Baker...

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

We recently reached a big milestone on the road to pandemic recovery: over $200 billion have been distributed to state and local governments through @USTreasury 's Office of Recovery Programs & the Fiscal Recovery Funds. A few thoughts on the rollout of funds:

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

What’s true about Philadelphia is what’s true about the country — we’re successful when our communities come together to solve problems. Philadelphia has been a great model of this in its implementation of a highly successful Emergency Rental Assistance program.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 month

It was great to join @kylascan to talk about the work the Biden-Harris Administration and @USTreasury are doing to increase the supply of housing in America and lower costs.

Here's How We Fix the Housing Crisis

An interview with Deputy Secretary of the Treasury, Wally Adeyemo, about how we fix the housing crisis. Blog: https://kyla.substack.com Linkedin: https://www...

www.youtube.com

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

9 months

The Inflation Reduction Act is a generational investment in America that has already led to over $110 billion in proposed investments across over 200 announced projects, most of which are in disadvantaged communities.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Racial equity is not only a moral priority for the Biden Administration, but also a critical economic priority. As we celebrate Juneteenth nationally, I hope we move towards further action to support Black economic opportunity across the country.

Why Juneteenth Is A Reminder That Advancing Racial Equity Is Not Only A Moral Priority, But Also...

As we commemorate Juneteenth, the day in 1865 when the last bastion of institutional slavery in this country was abolished, it is important that we recognize that our work to form a more perfect...

blavity.com

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

Today at the Ralph M. Parsons Preschool I discussed with staff and parents the importance of American Rescue Plan funding that helped this and other City of Los Angeles public preschools in underserved LA neighborhoods reopen during the pandemic, supporting kids and parents.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

Investing in our children is investing in our future. The first monthly payments of the expanded Child Tax Credit from the American Rescue Plan are going out today to families of nearly 60 million children.

NowThis Impact

@nowthisimpact

3 years

Deputy Treasury Sec. Wally Adeyemo says getting money to American families is critical — and the Child Tax Credit will do just that

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

In recognizing Juneteenth, we mark the end of slavery but the continuance of our work. This is long overdue, exciting and important. I hope the creation of this federal holiday spurs us to reflect & recommit to action & progress ahead.

President Biden

@POTUS

3 years

Juneteenth is officially a federal holiday.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

At today's ICI Leadership Summit I discussed @POTUS ’s economic agenda, our historic economic recovery from the pandemic, and the importance of Congress’s raising the debt ceiling to prevent a manufactured crisis that would trigger a recession and cost us millions of jobs.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Long before most of us heard the word “coronavirus,” this country suffered from a profound racial wealth gap that makes it harder for communities of color to weather economic downturns. The new White House report details how the ARP took this into account.

FACT SHEET: Biden-Harris Report: “Advancing Equity Through the American Rescue Plan” | The White...

Highlights the Most Equitable Economic Recovery Ever Details Efforts to Ensure Equity in 32 Major American Rescue Plan Policies Today, the American Rescue Plan Implementation Team and the Domestic...

www.whitehouse.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

The price cap on Russian oil offers the opportunity to accomplish dual goals—continue to reduce Russia’s revenues and impede their ability to fund their illegal war in Ukraine, and stabilize energy prices in the U.S. and across the globe.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

My thanks to the @NLIHC for our important discussion this morning at the 2023 Housing Policy Forum about the American Rescue Plan’s historic investments in housing security, tenant protections, and affordable housing supply for those most in need.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

For the past two years, the Biden-Harris Administration has committed itself to strengthening its relationship with Tribal nations to support Tribal economic growth and self-determination. This week, I visited California to further some of our Tribal partnerships.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

I'm in Atlanta this week with @SBAIsabel and @DepSecTodman to highlight some of the historic investments @USTreasury @SBAgov & @HUDgov are making in cities and towns across the country to support economic recovery, housing innovation, and long-term community development.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

The impact of our collective actions in Russia is a testament to the enduring strength of our international economic architecture and the international cooperation needed to sustain it. Glad to share some thoughts on our global economic tools here @ChathamHouse

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

Congress has a constitutional obligation to act now and prevent a default. The American people should not have to face the consequences of congressional inaction.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

And it’s clear that this aid is needed -- over 500 cities and states have already applied for funding. These Fiscal Recovery Fund resources will help communities meet urgent pandemic response needs and rebuild a stronger, more equitable economy as we recover together.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

3 years

I traveled to Baltimore, MD today to meet with local leaders and organizations to discuss the state of the economy, pandemic recovery efforts supported by the #AmericanRescuePlan , & key aspects of the #AmericanJobsPlan that can assist citizens, businesses, and local gov’t.

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

I’m in Memphis today to celebrate the one year anniversary of the #AmericanRescuePlan . This morning I joined an Emergency Rental Assistance Program Roundtable with @MayorMemphis & @MayorLeeHarris .

Deputy Secretary of the Treasury Wally Adeyemo Highlights Emergency Rental Assistance Program in...

Treasury announces roughly 4.3 million Emergency Assistance payments made to households through January 2022 WASHINGTON — Today, Deputy Secretary of the Treasury Wally Adeyemo traveled to Memphis,...

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

2 years

Today, @USTreasury is announcing the first group of plans approved under the State Small Business Credit Initiative, an #AmericanRescuePlan program that aims to promote small business growth and lead to greater business innovation across the country.

Treasury Announces First State Small Business Credit Initiative Awards to Support Underserved...

WASHINGTON — Today, the U.S. Department of the Treasury announced the first group of plans approved under the new round of the State Small Business Credit Initiative (SSBCI). The American Rescue Plan...

home.treasury.gov

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Deputy Secretary Wally Adeyemo

@TreasuryDepSec

1 year

I want to take a moment this #IWD2023 to recognize the many brilliant women who I am honored to work with at @USTreasury , particularly my boss @SecYellen . I am inspired every day by their work to build economic opportunity for all and make the world a safer place.

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