Jul 07 U.S. and China to revive talks as Yellen seeks to calm trade relationship By Joe McDonald, Associated Press BEIJING (AP) — Treasury Secretary Janet Yellen has appealed to China's No. 2 leader not to let frustration over U.S. curbs on access to processor chips and other technology disrupt economic cooperation during a visit aimed at improving strained relations. Continue reading
Jul 06 Treasury Secretary Janet Yellen visits China as part of U.S. efforts to soothe strained relations By Joe McDonald, Associated Press Yellen has warned against economic decoupling, or disconnecting U.S. and Chinese industries and markets. Continue reading
May 26 Yellen says debt ceiling deadline is extended to June 5 By Lisa Mascaro, Seung Min Kim, Kevin Freking, Associated Press House Speaker Kevin McCarthy and debt ceiling negotiators have hit "crunch" time as they strain to make a deal with the White House to raise the nation's debt limit, avert default and cut federal spending. Continue reading
May 25 Threat of America’s credit downgrade looms over debt ceiling talks By Paul Wiseman, Christopher Rugaber, Associated Press With one of three major rating agencies warning that America's AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit. Continue reading
May 24 How a debt default could affect you By Lisa Desjardins, Joshua Barajas Let's walk through what the debt ceiling is, why it was created, and who could be affected first if the U.S. defaults on its bills. Continue reading
May 16 How the U.S. could be pinched by a government default By Darlene Superville, Associated Press Millions of job cuts. No Social Security checks. Disrupted services like air traffic control. Treasury Secretary Janet Yellen says these are some of the ways consumers could be hurt if the U.S. experienced an unprecedented government default. Continue reading
May 09 Biden to meet with Speaker McCarthy, other congressional leaders, over debt ceiling crisis By Lisa Mascaro, Associated Press As President Joe Biden meets Tuesday with House Speaker Kevin McCarthy and other congressional leaders for the first time over the debt ceiling crisis, the options for easing out of the standoff are many. Continue reading
May 08 Lawsuit calls on Treasury Secretary Yellen to ignore ‘unconstitutional’ debt limit By Christopher Rugaber, Fatima Hussein, Associated Press A union of government employees has sued Treasury Secretary Janet Yellen and President Joe Biden to try to stop them from complying with the law that limits the government's total debt, which the lawsuit contends is unconstitutional. Continue reading
May 07 Yellen warns of economic ‘calamity’ if Congress doesn’t raise debt limit By Zeke Miller, Associated Press Treasury Secretary Janet Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation's borrowing limit of $31.381 trillion in the coming weeks. Continue reading
May 02 5 things to know about the debt ceiling crunch By Lisa Desjardins A great many words will be said in the coming days about what should happen now after the Treasury Department revised the debt limit deadline. Here's what you should know. Continue reading