janet yellen

Treasury Secretary Yellen says U.S. could hit debt ceiling as soon as June 1

By Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit as early as June 1, if the body does not raise or suspend the debt limit before then.

Wall Street holds steady a biggest banks post strong first-quarter profits

By Joe McDonald, Matt Ott, Associated Press

Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation.

Biden calls to revive tighter bank regulations that Trump weakened

By Fatima Hussein, Josh Boak, Associated Press

Weeks after the failure of two banks, President Joe Biden is calling for independent regulatory agencies to impose tighter rules on the financial system.

WATCH: Yellen testifies on Treasury budget in House hearing amid questions about banking system

By Associated Press

Treasury Secretary Janet Yellen testified on the department's budget Wednesday morning.

WATCH: Yellen testifies on Biden’s proposed 2024 federal budget before House Committee

By Associated Press

Treasury Secretary Janet Yellen will testify before a House Appropriations Committee on Monday as she continues to make assurances that the banking system is safe.

WATCH: Yellen testifies on budget in Senate hearing amid questions about banking system

By Stan Choe, Associated Press

Stocks fell sharply after the Federal Reserve said it doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.

WATCH: White House holds briefing as Los Angeles schools shut down amid staff strike

By Fatima Hussein, Associated Press

Local 99 of the Service Employees International Union, which represents about 30,000 teachers’ aides, special education assistants, bus drivers, custodians, cafeteria workers and other support staff, walked out amid stalled contract talks.

WATCH: Treasury Secretary Janet Yellen delivers remarks promising further support for banks

By Fatima Hussein, Associated Press

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.

News Wrap: Yellen dismisses fears more banks may collapse

In our news wrap Thursday, it was another turbulent day in the financial world with news of rescues of troubled banks on both sides of the Atlantic, prosecutors in Virginia charged 10 people in the smothering death of a Black…

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WATCH: Treasury Secretary Yellen tells Senate panel that banking system ‘remains sound’

By Fatima Hussein, Associated Press

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.