Jan 19 Watch 5:57 U.S. hits borrowing limit as Congress debates raising debt ceiling By Lisa Desjardins, Kyle Midura The United States government reached its debt limit Thursday, according to Treasury Secretary Janet Yellen. This means her agency must use accounting tactics to keep the government solvent while it waits on Congress to act. Congressional Correspondent Lisa Desjardins reports… Continue watching
Jan 19 Treasury Secretary Yellen kickstarts Biden administration visit to Africa By Fatima Hussein, Associated Press The Biden administration's big push to engage more with Africa is underway as Treasury Secretary Janet Yellen begins a 10-day visit aimed at promoting all the economic possibilities that lie between the U.S. and the world's second-largest continent. Continue reading
Jan 16 Treasury Secretary Yellen to meet with China’s finance minister in Switzerland By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen will meet with her Chinese counterpart, Vice Premier Liu He, in Switzerland on Wednesday to discuss economic developments between the two nations. Continue reading
Jan 13 U.S. expected to hit debt limit Thursday, Yellen tells Congress By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. Continue reading
Nov 18 WATCH: Biden assured inflation help is coming but ‘will take time’ By Chris Megerian, Aamer Madhani, Associated Press He made the remarks while meeting with business and labor leaders in his first public event since returning from an around-the-world trip to Egypt, Cambodia and Indonesia. Continue reading
Sep 16 Treasury recommends exploring creation of a digital dollar by central bank By Fatima Hussein, Associated Press The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Continue reading
Aug 17 Treasury Secretary Janet Yellen tells IRS to develop modernization plan in 6 months By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring. Continue reading
Jul 28 WATCH: Treasury Secretary Janet Yellen says ‘our economy remains resilient’ despite recession worries By Associated Press Treasury Secretary Janet Yellen says "our economy remains resilient" despite rising inflation and the worry about a recession. This comes as the U.S. economy shrank from April through June for a second straight quarter. Continue reading
Jul 25 Yellen downplays U.S. recession risk as economic reports loom By Christopher Rugaber, Associated Press Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Continue reading
Jul 19 Treasury Secretary Yellen calls out China trade practices in South Korea visit By Fatima Hussein, Hyung-Jin Kim, Associated Press Treasury Secretary Janet Yellen says the U.S. and South Korea should deepen their trade ties to avoid letting other countries use their market positions to unfair advantage. Continue reading