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Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on Financial Services and General Government Committee on Appropriations, U.S. House of Representatives

Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on Financial Services and General Government Committee on Appropriations, U.S. House of Representatives
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Testimony Of US Secretary Of The Treasury Janet L. Yellen To The Subcommittee On Financial Services And General Government Committee On Appropriations, U.S. House Of Representatives

Date
27/05/2021
Chairman Quigley, Ranking Member Womack, thank you for inviting me to join you today. I look forward to your questions, but first, I want to briefly discuss the state of our economy and the state of the Treasury Department. Because I believe one depends on the other.
Our economy is recovering from the pandemic, but we still have a long road ahead of us. For this reason, I expect that economists will look back on this Congress’ decision to enact the American Rescue Plan – and judge it very favorably. You had an option – to provide just a few months of relief or continued support to see us through to the end of the crisis – and you chose the latter. ....

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U.S. Department Of The Treasury Establishes New Office To Lead Implementation Of Relief And Recovery Programs

U.S. Department Of The Treasury Establishes New Office To Lead Implementation Of Relief And Recovery Programs
Date
14/04/2021
Today, the U.S. Department of the Treasury announced the establishment of the Office of Recovery Programs to lead the Department’s implementation of economic relief and recovery programs, including nearly $420 billion in programs from the American Rescue Plan Act of 2021. This new office, which will be led by the Chief Recovery Officer, will report to Treasury’s Deputy Secretary and will be principally focused on efficiently establishing and administering Treasury’s programs to support an equitable and swift recovery from the economic challenges precipitated by the COVID-19 pandemic. ....

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U.S. Treasury sets up new 'recovery office' to oversee relief programs

3 Min Read
WASHINGTON (Reuters) - The U.S. Treasury Department on Wednesday unveiled a new office to oversee the implementation of economic relief programs, including nearly $420 billion in programs under President Joe Biden’s $1.9 trillion COVID-19 rescue plan.
FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo
The new office will report to Deputy Treasury Secretary Wally Adeyemo and will be led by Jacob Leibenluft, a counselor to Treasury Secretary Janet Yellen, who will work closely with Gene Sperling, the White House rescue plan coordinator.
Consolidating the recovery programs covered under Biden’s American Rescue Plan (ARP) and others enacted under the Trump administration’s CARES Act will improve efficiency, equity and outreach to grantees, Adeyemo told reporters. ....

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Treasury sets up office to oversee implementation of recovery programs

Treasury sets up office to oversee implementation of recovery programs
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