U.S. President's Advisory Council on Financial Literacy-Office of the Vice Chair Blog

White House Roundtable Round-up

The White House Financial Literacy Roundtable was held in a small ampitheater type room.  It was worn and dated,  but the AC worked!  It wasn’t that hot outside (mid-70’s) but the humidity was killing this desert girl.

Jay Hein, Head of the Faith-based and Community Initiative called the group to order.  We then had a series of highly credentialed speakers, the rock stars of the politicial world.  Some were dynamic speakers and some weren’t.

Read the complete Blog story here.

U.S. Treasury Department and OECD Host International Conference on Financial Education in Nation's Capital to Take Financial Education to the Next Level on World Policy Stage

In New Role as Vice Chairman of the U.S. President's Advisory Council on Financial Literacy, Operation HOPE Founder John Hope Bryant Outlines Global "Silver Rights" Agenda During Address to Promote Financial Access for Underserved

LOS ANGELES, CA--(Marketwire - May 13, 2008) - Operation HOPE Founder and CEO John Hope Bryant, who serves as Vice Chair of the U.S. President's Advisory Council on Financial Literacy (Council), furthered global "silver rights" during his address to participants at the U.S. Department of the Treasury and the Organization for Economic Co-operation and Development (OECD) "International Conference on Financial Education" on May 7-8, 2008. In addition to his role as President's Council vice chair, Bryant was recently tapped to lead the Committee on the Underserved by Treasury Secretary Hank Paulson and Council Chairman Charles Schwab.

Secretary Paulson Names Leadership for President’s Advisory Council

Washington- Secretary Henry M. Paulson, Jr., and Charles Schwab, Chairman of the President's Advisory Council on Financial Literacy, announced the appointment of several key Council officers today as the group conducted its second public meeting.

Secretary Paulson designated Deputy Assistant Secretary for Financial Education Dan Iannicola, Jr., as Executive Director of the President's Advisory Council on Financial Literacy. On behalf of Secretary Paulson, Mr. Iannicola will manage the council's activities and support Chairman Schwab's agenda to raise the nation's level of financial literacy.

Secretary Paulson Names Leadership for President’s Advisory Council

Washington- Secretary Henry M. Paulson, Jr., and Charles Schwab, Chairman of the President's Advisory Council on Financial Literacy, announced the appointment of several key Council officers today as the group conducted its second public meeting. Read complete text here.

Treasurer Cabral To Visit Treasury Printing Facility in San Francisco

Washington, DC--U.S. Treasurer Anna Escobedo Cabral will tour a Treasury Department printing facility in San Francisco next Thursday to observe the first mass production printing and packaging of the 2008 stimulus checks.  Read complete details here.

Economic Stimulus Payments Information Center

Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17. Millions of retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return must do so this year in order to receive a stimulus payment.

Get full information here.

Statement by Secretary Paulson on EITC Awareness Day

Washington, DC-- Good morning and welcome.  Thanks to all for joining us today as we highlight a valuable, but often overlooked, tax credit that is specifically designed to help working Americans. 

The Earned Income Tax Credit, the EITC, was created over thirty years ago as an incentive for working Americans, for the men and women who hold one, sometimes two or three, jobs to make ends meet and to create better lives for themselves and their families.  They understand as well as any that hard work brings reward. 

The President's Advisory Council on Financial Literacy Seeks Public Comments During Comment Period

The President's Advisory Council on Financial Literacy, which convened its first meeting on Wednesday, February 13, 2008, hereby solicits public comments on the state of financial literacy in the United States and proposed solutions to improve it. The comments must be submitted by May 23, 2008. To find out more information on how to submit a statement see below.