Economy Mar 21 WATCH: Treasury Secretary Janet Yellen delivers remarks promising further support for banks Treasury Secretary Yellen is trying to project calm after regional bank failures, saying the U.S. banking system is “sound” but additional rescue arrangements “could be warranted” if any new failures at smaller institutions pose a risk to financial stability.
Politics Mar 16 WATCH: Treasury Secretary Yellen tells Senate panel that banking system ‘remains sound’ A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the nation's banking system “remains sound” and Americans "can feel confident” about their deposits.
Politics Mar 08 U.S. sanctions Iranian officials over women’s rights abuses The U.S. is adding more sanctions on Iranian state officials who are accused of violating women's rights, amid nationwide anti-government protests over the treatment of young women and girls.
Politics Feb 24 WATCH: Pentagon unveils new Ukraine weapons package, Russia sanctions The Biden administration declared its solidarity with Ukraine with fresh action as well as strong words on Friday, piling sweeping new sanctions on Moscow and approving a new $2 billion weapons package to re-arm Kyiv a year after Russia’s invasion.
World Feb 24 U.S. to sanction Russian companies and individuals a year after invasion of Ukraine The action, taken in coordination with Group of Seven allies, seeks to punish 250 people and firms, puts financial blocks on banks, arms dealers and technology companies tied to weapons production.
Politics Feb 22 WATCH: State Department holds briefing as Biden concludes trip to Poland, Ukraine One month into the invasion of Ukraine, President Joe Biden declared that sanctions against Russia had rendered the ruble almost immediately "to rubble." U.S. officials say Russia is now the most sanctioned country in the world.
Politics Feb 14 WATCH: Biden warns of crisis if the debt ceiling isn’t raised President Joe Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn't reached to increase the federal debt ceiling.
World Feb 09 U.S., UK impose sanctions on Russian cybercrime group The U.S. Treasury Department has announced a joint U.S.-U.K. effort to sanction Russian cybercriminals as the one-year anniversary of Russia's invasion of Ukraine nears and Treasury tightens its efforts to financially punish violators of existing sanctions.
World Jan 31 U.S. sanctions Myanmar groups ahead of military coup anniversary The U.S. is imposing sanctions on a group of people and organizations connected to Myanmar's military regime as the two-year anniversary nears for the coup that removed the country's civilian government.
Politics Jan 30 Treasury Department to increase borrowing amid debt ceiling standoff The move highlights the ongoing debate over federal spending that has overtaken Washington, as the U.S. government is on track to max out on its $31.4 trillion statutory borrowing authority — also known as the debt ceiling.