Former President Clinton joined her for the milestone.
Treasury Secretary Janet Yellen celebrated the 30th anniversary of the federal fund for Community Development Financial Institutions (CDFI) last week. She was joined by former President Bill Clinton, who proposed and authorized the program during his tenure. Secretary Yellen also announced an additional $76 million for the fund, which will be distributed to 256 CFDIs for the 2024 fiscal year.
“I was fortunate to join President Clinton’s White House as Chair of the Council of Economic Advisors and was honored to have the opportunity to help him advance this vision,” Secretary Yellen said during her speech at the Treasury Department.
“Now, thirty years later, I am proud that the Treasury Department is carrying forward that legacy and strengthening and expanding the CDFI Fund’s work. And I strongly believe the CDFI Fund must be equipped to continue this crucial work,” she concluded.
As the Lord Leads, Pray with Us…
- For wisdom for Secretary Yellen as she makes decisions regarding the Treasury Department’s management of the nation’s finances.
- For U.S. treasury officials to seek God’s guidance as they seek to fulfill the obligations of the country.
Sources: Department of the Treasury
