News list for "yellen"

The debt ceiling is about to be reached, and US Treasury Secretary Janet Yellen announced that she will initiate extraordinary measures to avoid a debt default

On January 18th, US Treasury Secretary Janet Yellen sent a letter to the US Congress saying that as the US federal government is about to hit the debt ceiling, the Treasury Department will take extraordinary measures from January 21st to avoid debt default. In her letter, Yellen called on Congress to take action as soon as possible to raise or suspend the debt ceiling to protect the credibility and economic stability of the United States. She pointed out that the Treasury Department will start a...

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2025-01-18 00:00:26
U.S. Treasury Secretary Janet Yellen warns before leaving office that extending Trump's tax cuts could disrupt U.S. markets

Janet Yellen, the outgoing US Treasury secretary, has warned that the next administration's plan to extend the 2017 Republican tax cuts could disrupt the financial marekt and worsen an already challenging US fiscal outlook. "The projected fiscal path under current budget policy is simply not sustainable, and failure to act or take action that exacerbates the projected deficit could have dire consequences," Yellen said on Wednesday.

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2025-01-15 22:42:55
He Lifeng holds a video call with US Treasury Secretary Janet Yellen

On January 7th, Vice Premier He Lifeng, the Chinese leader of China-US economy and trade, and the US leader, Minister of Finance Yellen, held a video call on January 7th. The two sides focused on implementing the important consensus reached by the Chinese and US heads of state, reviewed and summarized the experience of China-US economic exchanges and cooperation in recent years, and positively evaluated the important role of China-US economic and financial working groups and other dialogue mecha...

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2025-01-07 05:29:03
U.S. Treasury Secretary Janet Yellen: The United States has provided Ukraine with $3.40 billion in additional budgetary assistance.

U.S. Treasury Secretary Janet Yellen: The United States has provided Ukraine with $3.40 billion in additional budgetary assistance.

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2024-12-30 13:06:44
Analysis: The US debt ceiling could be hit during Trump's inauguration, or it could be a signal that Bitcoin is bottoming out

In a letter to congressional leaders, Janet Yellen, Treasury secretary, said the Treasury expected the US to hit the debt ceiling as early as January 14-23, 2025, and that "extraordinary measures" might be needed to avoid the federal government falling into default. Risk assets ended weaker just before the letter was released. US stocks fell, with the Standard & Poor's 500, Nasdaq 100 and Dow Jones Industries Average all down about...

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2024-12-30 14:04:03
US Treasury Secretary Janet Yellen sends letter to congressional leadership on the debt ceiling

On December 28, US Treasury Secretary Janet Yellen sent a letter to the US congressional leadership on the debt ceiling issue, asking Congress to take action to protect the credibility of the US government. Yellen is expected to initiate extraordinary measures from January 14 to 23, and said that the Treasury could reach the new debt ceiling on January 14-23.

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2024-12-27 23:45:45
US Treasury Secretary Janet Yellen sends letter to congressional leadership on the debt ceiling

Treasury Secretary Janet Yellen has written to congressional leadership on the debt ceiling, asking Congress to take action to protect the credibility of the US government. Yellen is expected to initiate extraordinary measures on January 14-23 and said the Treasury could reach the new debt limit on January 14-23.

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2024-12-27 22:28:58
Yellen: Trump's tariffs could undermine progress on inflation

U.S. Treasury Secretary Janet Yellen said Trump's broad-based tariffs could undermine progress on inflation and increase costs.

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2024-12-10 20:53:09
Yellen: We have spoken with the nominated Treasury Secretary, Scott Bessent, to discuss the broad responsibilities of the Treasury Department

U.S. Treasury Secretary Janet Yellen said she had spoken with Trump's nominee for Treasury Secretary, Scott Bessent, to discuss the broad responsibilities of the Treasury Department.

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2024-12-10 20:50:07
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