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.
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.
Joe Biden Needs Fastest Reconciliation Bill in History to Avoid Default
Treasury Secretary Janet Yellen has warned the U.S. will not be able to fulfill its commitments by October 18.
Treasury Secretary Says Congress Can 'Act Big' on Infrastructure
"The investments in the president's agenda would be a sweeping overhaul of our national infrastructure," the Treasury secretary said.
Treasury Secretary Warns US Default on Debt Will Trigger Interest Rate Rise
Treasury Secretary Janet Yellen warned Congress that "our country would likely face a financial crisis and economic recession" if the debt ceiling isn't raised.
Senate GOP Won't Raise Debt Limit Despite $7.8T Heaped On Under Trump
While Republicans are blaming Democrats for reckless spending, about $7.8 trillion of the overall national debt was accumulated under President Donald Trump.
U.S. Treasury Warns Nation Will Hit Debt Limit in October
Treasury Secretary Janet Yellen said earlier this week that the U.S. defaulting on its debt would send shockwaves through the global financial system.
Woke Capital's Deathly China Addiction
Nearly 50 years into our toxic relationship with China, ignorance can no longer be an excuse.
U.S. Treasury to Auction Off Notes, Bonds to Stay Under the Debt Ceiling
The Treasury Department said it must take "extraordinary measures" to keep below the newly imposed debt ceiling during the uncertainty of the pandemic.
Yellen to Take 'Extraordinary Measures' to Prevent U.S. From Debt Default
Yellen said the U.S.' current debt level is a result of spending and tax decisions made "by Administrations and Congresses of both parties over time."
About $90 Billion Lost in Cryptocurrencies After Bitcoin Takes Major Dive
Bitcoin fell below $30,000 for the first time since Jun. 22. The drop also affected the rest of the cyptocurrency market.
Janet Yellen 'Very Concerned' at COVID Variants Threat to Recovery
"We are very concerned about the Delta variant and other variants that could emerge and threaten recovery," she told reporters following a G20 meeting in Italy.
U.S. Working to Determine How Billionaire Tax Payments Info Was Obtained
Treasury Secretary Janet Yellen said the Biden administration took the recent inflation very seriously and assured the Treasury Department was investigating how information about the taxes of America's billionaires was obtained by ProPublica.
Senator Rand Paul Asks if Inflation Will Make U.S. the Next Venezuela
The GOP senator is concerned about the $1.9 trillion relief plan's effects on the U.S. economy.
Yellen Hopeful Biden Relief Package Will Bring Back Full Employment in 2022
"I think this is what we need. I'm hopeful that, next year, with a package of this size, we can be back at full employment," the treasury secretary said during an interview on Friday.
Sending $1,400 Checks 'Right Thing to Do,' Says Treasury Sec. Janet Yellen
The checks themselves have become contentious among congressional lawmakers, with some Republicans calling the direct payments too costly.
Yellen Warns on Cutting Stimulus as Dems Plan Vast Infrastructure Package
President Joe Biden met with union bosses in the Oval Office on Wednesday where he discussed details of both the COVID-relief bill and a second possible spending package.
Senators Urge Janet Yellen to Prioritize Putting Harriet Tubman on $20 Bill
"Our currency tells the story of our nation, and it is long past due for Ms. Tubman's part of that story to be told," a bipartisan duo of U.S. Senators wrote in a letter to Treasury Secretary Janet Yellen.
Third Stimulus Check Threshold Should Be at Least $60K, Says Yellen
Yellen says the income threshold should be set higher than $50,000, but perhaps lower than $75,000 per individual.
Yellen Expects Full Employment Recovery if Biden's COVID Package Passes
The Treasury Secretary said not passing a relief bill poses a bigger risk than the chance of rising inflation.
Are the Hedge Funds as Evil as Ever After GameStop?
The winners and losers in the GameStop sagas. Plus: Bezos exits, and lessons from Jack Ma's exile.
