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☆ Fact Check: US Treasury Secretary Janet Yellen was not convicted of treason
▼ + stars: | 2023-11-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen was not convicted of treason in October, despite an article circulating online making the claim. The article falsely claims that Yellen was convicted at a military tribunal held on Oct. 16. Reuters previously addressed the false claim published by Real Raw News in September that Yellen was arrested for treason. All available emails on Real Raw News’ website bounced back when attempting to reach for comment. U.S. Treasury Secretary Janet Yellen was not convicted of treason.

Persons: Janet Yellen, “, ”, Yellen, ” Yellen, Susan Rice, Read Organizations: Treasury, Real Raw, Corps, JAG, Army, Facebook, U.S . Court, Public, Marine, Reuters, Freedman's, U.S . Department of Treasury, Bloomberg, Real Raw News, National Security, U.S . Army, Thomson Locations: U.S

☆ Biden officials set $3 bln bank deposit, procurement goals to boost minority firms
▼ + stars: | 2023-10-25 | by ( David Lawder | ) www.reuters.com time to read: +3 min

U.S. Vice President Kamala Harris delivers remarks during the Congressional Black Caucus Foundation Phoenix Awards Dinner at the Walter E. Washington Convention Center in Washington, U.S., September 23, 2023. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The Biden administration on Wednesday urged big companies to deposit another $2 billion into U.S. community lenders to boost loans to minority and underserved businesses, and asked them to devote 15% of their procurement budgets to such firms. Alphabet Inc's Google (GOOGL.O) will commit to spending at least $1 billion annually with "diverse-owned suppliers" in the United States, the Treasury said. The Treasury had previously invested nearly $9 billion into Community Development Financial Institutions (CDFIs) and minority-owned banking firms to make more capital available to minority firms. "In order for these minority owned banks and CDFIs to lend that money, they need deposits," Deputy Treasury Secretary Wally Adeyemo told reporters.

Persons: Kamala Harris, Walter E, Elizabeth Frantz, Biden, Harris, Wally Adeyemo, David Lawder, Sonali Paul Organizations: Congressional Black Caucus Foundation, Washington Convention Center, REUTERS, Rights, Wednesday, Micron Technology, Air Products, Xcel Energy, Treasury Department, Treasury, Freedman's Bank, Community Development Financial, Management, Internal Revenue Service, Thomson Locations: Washington , U.S, United States

☆ Biden administration to provide over $13 billion in aid to help American families lower energy bills
▼ + stars: | 2022-11-02 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

The Biden administration is providing over $13 billion in aid to help low- and moderate-income Americans lower their energy costs, including grants to pay electric bills as well other incentives to make energy-efficient upgrades to their homes. The announcement reflects the administration's efforts to lower energy costs amid extreme temperature shifts from climate change. Under the initiative, the Department of Health and Human Services will release $4.5 billion in Low Income Home Energy Assistance Program funding, which helps pay energy bills and energy-related home repairs for families. "We know that winter heating bills account for the largest share of low-income households' home energy needs. The Biden administration will also provide roughly $9 billion to help low- and moderate-income families lower energy costs by making energy-efficient upgrades to their homes.

☆ Japan says Yellen respects its decision not to disclose any FX intervention
▼ + stars: | 2022-10-25 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

[1/2] U.S. Treasury Secretary Janet Yellen participates in a discussion at the annual Freedman's Bank Forum at the Treasury Department in Washington, U.S., October 4, 2022. That raised speculation that Japan and the United States might be at odds over currency policy, which would make it difficult to intervene further. "Treasury Secretary Yellen respects Japan's stance of not confirming whether or not we conducted intervention, so we appreciate that." Finance Minister Shunichi Suzuki also said on Tuesday that Japan was closely in touch with the United States and that both have reaffirmed the Group of Seven agreement on currencies. Since Japan's yen-buying intervention on Sept. 22, the authorities have kept mum on whether they had entered the currency market, although sources have said stealth intervention was conducted last Friday and this Monday.

When the enslaved population was first freed, the Freedman's Bank was established to provide a savings and wealth-building tool. Black bank customers lost millions in deposits. When Freedman's Bank closedA short nine years after opening, the Freedman's Bank closed in 1874. The Freedman's Bank collapse destroyed Black people's trust in financial systemsMy grandmother had a bank account. In short, in the African American community, the Freedman's Bank collapse is to finance what the Tuskegee experiments are to healthcare.

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