Janet Yellen
The latest on Janet Yellen, Secretary of the Treasury nominee in the administration of President Joe Biden. Yellen previously served as the chair of the Federal Reserve, the first woman to do so. She also previously chaired the Council of Economic Advisers for President Bill Clinton.
IRS Deletes Requirement That New Agents Be Willing to Use 'Deadly Force'
Backlash against IRS hiring practices follows criticism alleging that tens of thousands of new agents will be hired and go after poorer Americans.
Fact Check: Did The White House 'Change Definition of Recession'?
A White House blog says recession is too narrowly defined, just as latest GDP figures are about to land. Some saw the post as an attempt to muddy the waters.
Yellen Condemns Russian Finance Officials, Putin's War as G20 Meets
"You share responsibility for the innocent lives lost and the ongoing human and economic toll that the war is causing around the world," Treasury Secretary Janet Yellen said.
Original Maker of AK-47 Among 14 Russian Weapon Tycoons Left Unsanctioned
A report of sanctions on Russian individuals and defense manufacturers not being punitive enough follows new worldwide sanctions imposed this week.
Will Gas Prices Keep Going Down in the U.S.?
A record number of Americans are expected to travel by automobile this Fourth of July, all while oil prices fluctuate almost daily.
What Is a Gas Tax Holiday? Janet Yellen Weighs Option Amid Pain at Pump
While gas prices are predicted to dip in the next few months, the current national average is still around $5 a gallon.
Janet Yellen Says Inflation 'Unacceptably High,' Expects 'Economy to Slow'
The treasury secretary, however, said that she doesn't believe that a recession is "inevitable" on Sunday.
Joe Biden Refuses to Take Blame for Inflation
The president emphasized low unemployment figures and the inflation rates seen in other countries in a new interview.
Ex-Obama Adviser Critical of Biden Says 'Recession More Likely Than Not'
Larry Summers noted Sunday that periods of high inflation and low unemployment are "almost always" followed by a recession.
Biden Economy Message Eclipsed by Musk's 'Bad Feeling,' Dimon's 'Hurricane'
Biden spent the week pushing an optimistic message on the U.S. economy, but his detractors are warning Americans: "You better brace yourself."
Treasury Secretary Janet Yellen Admits She Was Wrong About Inflation
It marked a reversal from her remarks a year ago, when she described inflation as a "small risk" and manageable.
Crypto Crash Explained—Why Bitcoin, Luna, Ethereum Prices Plummeting
Treasury Secretary Janet Yellen said that financial regulators would soon release a report on the risks of cryptocurrency and other digital assets.
In Warning to China, Yellen Says West Will Punish Those Who Help Russia
The treasury secretary offered her strongest remarks yet as China showed no signs of moving away from Russia, 50 days into its invasion of Ukraine.
U.S. to 'Go After' Russian Oligarchs Who Stand Behind Putin: Janet Yellen
Treasury Secretary Janet Yellen said her department plans to "uncover, freeze and seize" the wealth of Russian oligarchs who support Vladimir Putin.
Yellen Pleased With Economic Recovery, But Inflation Rate 'Not Acceptable'
"Inflation is clearly a great concern to Americans, and it really needs to be addressed," Yellen said. "It's not acceptable to stay at current levels."
$1.9T American Rescue Plan Saved U.S. From Economic Disaster: Yellen
Treasury Secretary Janet Yellen referred to the American Rescue Plan as "the biggest investment we've made since Eisenhower built the Interstate."
Climate Change Cited For First Time as Threat to U.S. Economy in Report
The report cited several ways in which the issue could impact the economy, including possible loan losses after natural disasters like floods and fires.
Treasury Announces $8.7B for Lending to Minority-Owned Businesses
Vice President Kamala Harris and Treasury Secretary Janet Yellen announced the funds to be distributed to over 180 financial institutions across 36 states.
Senate Dems Set to Raise Debt Limit by $2.5T, Funding Gov't Past Midterms
Tuesday's vote comes just one day before Treasury Secretary Janet Yellen warned that the U.S. would hit its current debt limit and face a potentially catastrophic default.
Fed Chair Powell Tells House Committee Can't Be Sure When Inflation Will Go
Jerome Powell told a House committee Wednesday it's not possible to be sure when inflation will improve, but the pandemic fading would make it more likely.
Yellen Says Treasury Department Will now Reach Debt Limit by Dec. 15
Yellen told lawmakers in a letter that her newest deadline of December 15 came after the enactment of President Joe Biden's $1 trillion infrastructure bill.
Inflation Will Only Drop by 2022 Midterm Elections If COVID Eases: Yellen
After months of defense rhetoric on rising inflation, the White House is now candidly acknowledging the worsening economic issue that has cursed Biden's presidency.
Treasury Plans to Borrow $1T, Only if Congress Deals With Debt Ceiling
Treasury Secretary Jenet Yellen warned a debt default would be catastrophic could push the country into a recession.
Pelosi: Tax on Billionaire Assets Would Pay Just 10 Percent of Social Bill
The House Speaker said Sunday a tax on billionaires' unrealized capital gains "doesn't produce that much money."
What World Does The Biden Administration Live In?
Since Biden took office, he and his staff have engaged in a peculiar strategy. Rather than acknowledge problems, the administration pretends they don't exist.
100+ Groups Urge Biden Admin to Drop Plans to Let IRS Monitor Bank Accounts
Credit Unions said the proposal, designed to help tackle tax fraud, "would impact almost every American and small business."
Janet Yellen Denies IRS Monitoring $600 Transactions Is Spying on Americans
The Treasury Secretary told CBS the proposal, aimed at billionaires, would increase tax revenues.
U.S. Concerned Over Allegations World Bank Changed Business-Friendly Ranks
Treasury Secretary Janet Yellen said a report alleging World Bank officials had changed business rankings for China "raised legitimate issues and concerns."
Seeking to Boost Post-Pandemic Revenue, 136 Countries OK Corporate Tax Rate
The agreement to establish a minimum corporate tax rate is expected to deter large multinational companies from moving their profits offshore.
Biden Admin Says Debt Deal 'Step Forward,' McConnell 'Playing Politics'
"It gives us some breathing room from the catastrophic default we were approaching," White House spokesperson Karine Jean-Pierre told reporters.
