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Reuters
Reuters
Business
By Andrea Shalal and David Lawder

Yellen heads to G7 with debt ceiling, bank crisis and tax woes in tow

FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington, U.S., April 11, 2023. REUTERS/Elizabeth Frantz/File Photo

Treasury Secretary Janet Yellen lands at Japan's G7 finance meeting this week, with her ambitious economic agenda hijacked by a bitter partisan fight over the U.S. debt ceiling that threatens a new financial crisis, and a signature tax deal blocked by Republicans.

Yellen spent last year spearheading punishing G7-led sanctions imposed on Russia over its invasion of Ukraine. She's likely to spend much of the two-day meeting in Niigata reassuring the same group that the U.S. is not going to tank the global economy with a payments default.

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