U.S. Treasury Department

Biden says U.S. bank deposits are safe despite tumult over California bank collapse

BY: - March 14, 2023

WASHINGTON — President Joe Biden reassured Americans early Monday that their money is safe in U.S. banks, after a tumultuous weekend following the collapse of Silicon Valley Bank and a move by regulators to shut down a second lender. Americans “should feel confident that their deposits will be there, if and when they need them,” […]

11 states to share in $1 billion in funding for small businesses, entrepreneurs

BY: - October 13, 2022

WASHINGTON — The Biden administration announced Tuesday that an additional 11 states will receive up to $1 billion to support small businesses and entrepreneurs. Funding for the programs will come from the State Small Business Credit Initiative that Democrats reauthorized and expanded in their $1.9 trillion COVID-19 relief package, known as the American Rescue Plan. […]

Four states win federal grants to expand affordable high-speed internet

BY: - June 8, 2022

WASHINGTON —  The U.S. Treasury Department on Tuesday announced the first state awards will go to Virginia, Louisiana, New Hampshire and West Virginia in a massive federal effort to bring affordable, high-speed internet to all American homes and businesses. Projects in the four states are the first to receive funding as part of a $10 billion […]