U.S. Department of the Treasury’s Post

The Biden-Harris Administration is delivering on its commitment to investing in entrepreneurs and small businesses nationwide.   Today, the U.S. Department of the Treasury announced the full list of awardees receiving funding through the Biden-Harris Administration’s Small Business Opportunity Program. This $75 million grant program provides funding to connect underserved and very small businesses to the capital they need to grow. https://lnkd.in/egjVDh3W

The Biden-Harris Administration is delivering on its promise of saving American families money. For Filing Season 2025, 30 million taxpayers in 24 participating states will be eligible to use Direct File – a simple, free way to file taxes directly with the Internal Revenue Service, potentially saving hundreds of dollars on filing fees and hours of their time. https://lnkd.in/eXwxwKWw

This week, Secretary Yellen joined David Axelrod on his podcast “The Axe Files” to discuss the growing U.S economy and the Biden-Harris Administration’s work to spread economic opportunity to every part of America. Secretary Yellen also discussed how her family, community, and mentors shaped her approach to public service and policymaking. https://lnkd.in/eDS-ZD9B

The Biden-Harris Administration’s Inflation Reduction Act is working – saving American families thousands on fuel and maintenance costs. Since January, consumers have saved more than $2 billion in upfront costs on the purchase of clean vehicles. Consumers are saving up front and over the course of their car purchase with $1,750 in savings on gas and maintenance each year and $21,000 saved over the lifetime of the vehicle. The U.S. Department of the Treasury and the Internal Revenue Service are working every day to lower transportation costs for American families with financial incentives that accelerate the transition to a clean energy economy. https://lnkd.in/eYDUuS4y

Secretary Yellen shared with Steve Liesman on CNBC that all signs suggest we’re on a path to a soft landing with a healthy labor market and inflation down considerably. The U.S. Department of the Treasury is working everyday to lower costs for families, support long-term growth, and ensure financial stability.

Today, the U.S. Department of the Treasury and the Internal Revenue Service in partnership with the U.S. Department of Energy (DOE) announced that Treasury and IRS have received over 50,000 applications requesting over 6 gigawatts of capacity for clean energy projects across the country through the 2024 Program Year of the Inflation Reduction Act’s Low-Income Communities Bonus Credit Program. This program is central to the U.S. Departments of the Treasury’s commitment to lowering costs for families across the country. Applications for the 2024 Program Year are being accepted on a rolling basis for a few more weeks. Visit https://lnkd.in/eR__irze for more details.

Deputy Secretary Adeyemo met with Iraqi Prime Minister Mohammed Shia’ Al Sudani on the sidelines of the UN General Assembly. In their conversation, Deputy Secretary Adeyemo raised the prime minister’s reform plans and our countries’ shared work to combat terrorist financing. https://lnkd.in/euVtiMYE