Chair Jerome Powell says the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation, which Powell acknowledged will likely persist well into next year.
By Christopher Rugaber, Associated Press
“In many cases, it's simply cost effective to go green,” the U.S. treasury secretary told a panel on Wednesday.
By Associated Press
Members of the House are scrambling to Washington to pass a short-term lift of the nation's debt limit. The vote Tuesday will ensure the federal government can continue fully paying its bills into December.
By Kevin Freking, Associated Press
Biden hosted business leaders at the White House on Wednesday and is warning that failure to extend the government's borrowing authority could set off a global financial crisis.
By Lisa Mascaro, Kevin Freking, Josh Boak, Associated Press
By News Desk and Christopher Rugaber, Associated Press
Treasury Secretary Janet Yellen and Fed Chair Jerome Powell are expected to testify before the House Committee on Financial Services on Thursday about the pandemic recovery.
By Chris Rugaber, Associated Press
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are expected to testify at a hearing on Tuesday on the state of the nation's pandemic recovery.
By Martin Crutsinger, Associated Press
Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government's borrowing limit in October.
By Josh Boak, Lisa Mascaro, Associated Press
Treasury Secretary Janet Yellen has briefed House Democrats on the administration’s efforts to prevent widespread housing evictions after a moratorium lapsed.
By Martin Crutsinger, Alan Fram, Associated Press
In a letter Friday to House and Senate leaders, Yellen said that her actions would buy time until Congress can pass legislation to either raise the debt limit or suspend the limit again for a period of time.
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