Statement of Secretary Lew for the Development Committee

WASHINGTON – Seventy years since the first meeting at Bretton Woods, the World Bank remains the premier global development institution, tackling poverty directly, driving growth through its lending and knowledge activities, and setting standards for other development institutions. President Kim’s reform agenda rightly prioritizes the World Bank’s ability to continue contributing solutions to the world’s […]

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Joint Readout of the U.S. Treasury Department and the Pacific Alliance

WASHINGTON – Today, Treasury Secretary Jacob J. Lew met counterparts from the Pacific Alliance – Mexico’s Finance Secretary Videgaray, Colombia’s Finance Minister Cárdenas, Peru’s Finance Minister Segura, and Chile’s Under Secretary Micco.  The Pacific Alliance comprises 214 million people, with a combined gross domestic product of $2.1 trillion, which accounts for 37 percent of Latin […]

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HOUSING FINANCE SYSTEM: A Framework for Assessing Potential Changes

Developments in the single-family housing finance market from 2000-2013 led to changes in the federal government’s role in the housing finance system and ultimately to a significant increase in that role. For example, Before the 2007-2009 financial crisis, the market share of nonprime mortgages—loans often made to borrowers with high-risk characteristics and funded by mortgage […]

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 Financial Stability Oversight Council Meeting October 6, 2014

WASHINGTON – Secretary Lew today convened a meeting of the Financial Stability Oversight Council (Council) in a closed and an open session at the Treasury Department. The Chairperson of the Council welcomed Commissioner Adam Hamm of the North Dakota Insurance Department to his first Council meeting. During the closed session of the meeting, the Council […]

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Treasury Marks 20 Years of the Community Development Financial Institutions Fund

WASHINGTON – The U.S. Treasury Department today marked 20 years of the Community Development Financial Institutions Fund (CDFI Fund), which to date has resulted in $2 billion in monetary awards to community-based financial institutions, $525 million in new bond guarantees, and $40 billion in tax credits to support economic development in underserved areas throughout the […]

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Cosponsor The Clean Energy Victory Bonds Act of 2014!

From: The Honorable Zoe Lofgren Sent By: ben.gutman@mail.house.gov Bill: H.R. 4426 Date: 7/30/2014 COSPONSOR The Clean Energy Victory Bonds Act of 2014 Act now, before August! Current cosponsors: Zoe Lofgren, Doris O. Matsui, Mike Honda, Chellie Pingree, Wm Lacy Clay, Eleanor Holmes Norton, Judy Chu, Steve Israel, Matt Cartwright, Katherine Clark, Mike Quigley, Rush Holt, Niki Tsongas, […]

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