Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

U.S. Treasury official, bank CEOs discuss boosting 'economic inclusion'

04/20/2021 | 03:27pm EDT

WASHINGTON, April 20 (Reuters) - A top Treasury Department official met on Tuesday with 20 top bankers to discuss President Joe Biden's $2.3 trillion infrastructure plan and ways to use public-private partnerships to expand economic inclusion, the agency said in a statement.

U.S. Deputy Treasury Secretary Wally Adeyemo told 20 bank chief executives who are members of the nonpartisan Bank Policy Institute research group, that "now is the moment to reimagine and rebuild a new American economy" that rewards work, not wealth, and create a tax code that helps end "profit shifting and tax games."

Adeyemo and the CEOs also discussed economic inclusion and ways to improve access to credit for low- and moderate-income communities, particularly with regard to mortgage finance as a pathway to building wealth, the statement said.

BPI represents the nation's leading banks, which collectively employ nearly 2 million Americans.

Adeyemo said Biden's infrastructure and jobs plan would create millions of well-paying jobs, rebuild infrastructure, and position the U.S. to outcompete China, Treasury said.

The Biden administration has made ending systemic racism and disparities a central part of its overall economic policy.

He also focused on the Treasury Department’s continuing review of U.S. economic and financial sanctions policies adopted by former President Donald Trump, and said it was look to identify both "successes and opportunities for change or improvements."

Adeyemo told academics and other experts on sanctions earlier this month that he viewed sanctions as a "potential and valuable tool for policymakers" and it was important to ensure they remained a viable option for years to come. (Reporting by Andrea Shalal; editing by Jonathan Oatis and Chizu Nomiyama)


ę Reuters 2021
Latest news "Economy & Forex"
05:57pAustralia uses big-spending budget to aid recovery, woo voters
RE
05:51pBolivia signs J&J vaccine deal with a twist - it needs WTO patent waiver
RE
05:49pStocks fall as investors brace for inflation data
RE
05:42pMARGARET WOOD HASSANá : Senator Hassan Joins Colleagues in Urging the Administration to Work to Remove Retaliatory Tariffs on Spirits & Wine
PU
05:38p'Exhilarating' views from new observation deck 1,200 feet above NYC
RE
05:37pELECTRONIC ARTSá : EA signals gaming boom extending run with upbeat annual forecast
RE
05:26pGeorgia among first U.S. states to provide COVID-19 shots to kids under 16
RE
05:24pGeorgia among first U.S. states to provide COVID-19 shots to kids under 16
RE
05:14pU.S. Home Prices Surge, Scaring Off Some Potential Buyers -- 3rd Update
DJ
05:12pPfizer asks UK regulator to approve vaccine for teenagers
RE
Latest news "Economy & Forex"