2024 Racial Equity Progress Report
U.S. Department of the Treasury
First published May 2024
Over the past three years, the US Department of the Treasury has made substantial progress on President Biden’s vision to foster an inclusive economy. From Secretary Yellen’s first day in office, Treasury has designed and implemented an ambitious racial equity agenda to address longstanding disparities in investment and opportunities that keep some communities from fully benefiting from and
contributing to the nation’s economic growth and prosperity. This agenda is integral to the Treasury’s overall mission, which is to maintain a strong economy by promoting conditions that enable equitable and sustainable economic growth at home and abroad, combat threats to and protect the integrity of the
financial system, and manage the US government’s finances and resources effectively.
This report details the steps the Treasury has taken to drive an inclusive economy, the results observed to date, and additional steps planned in 2024 and beyond.
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