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The Latest Breaking News from Janet Yellen

Ignore the online CV truthers. If anything, Rachel Reeves is overqualified to be UK chancellor

Gordon Brown and George Osborne studied history, but neither faced the questions of suitability levelled at the first woman in the job, says Guardian columnist Gaby Hinsliff

The Guardian - UK

US Lawmakers Warn Hong Kong Becoming Financial Crime Hub

US lawmakers urged the government Monday to rethink banking ties with Hong Kong, citing its "increasing role" in money laundering, sanctions evasions and reported funneling of banned technology to Russia.

International Business Times

Polymarket users are betting on Scott Bessent to be Trump’s treasury secretary

The prediction market puts Bessent’s odds of getting the nod at 67%.

Fortune

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G7 Finalize $50 Bn Ukraine Loan Backed By Russian Assets Profits

G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine, according to a statement released Friday.

International Business Times

Rachel Reeves basks in IMF backing for UK budget rules overhaul

In one session after another, IMF officials repeated backing for principle of increased borrowing to drive growth

The Guardian - UK

Biden announces $50bn G7 loan to Ukraine backed by frozen Russian assets

US Treasury Secretary Yellen says Russia will be ‘bear the costs of its illegal war, instead of taxpayers’ in the West.

Al Jazeera

G7 To Make $50 Bn Ukraine Loan Available By Year-end: Yellen

G7 nations are committed to making $50 billion in lending available to Ukraine by year-end, US Treasury Secretary Janet Yellen said Wednesday as she met her Ukrainian counterpart in Washington.

International Business Times

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Ukraine war briefing: Draft-dodging scandal sees Kyiv’s top prosecutor resign and officials sacked

Andriy Kostin forced out over rash of officials getting disabled status; North Korean soldiers ‘about to arrive in Kursk’. What we know on day 973

The Guardian - AU

As Trump Touts Tariffs, Yellen Says US Has Rejected 'Isolationism'

US Treasury Secretary Janet Yellen appeared to take aim at former president Donald Trump's economic approach Tuesday, saying the current US administration has "rejected isolationism that made America and the world worse off."

International Business Times

US Plans To Contribute $20 Bn For Ukraine Loan: Yellen

The United States plans to contribute $20 billion to a G7 loan package for Ukraine and could soon announce new sanctions targeting Russian weapons procurement, Treasury Secretary Janet Yellen said Tuesday.

International Business Times

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

Treasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S. election

The Independent UK

Interest On US National Debt Tops 'Truly Astounding' $1 Trillion For First Time

The record outlay during fiscal 2024 represents an annual increase of 29 percent, with the Treasury Department saying higher rates were 'largely' to blame.

International Business Times

US Treasury Taps Machine Learning AI To Recover $4 Billion In Fraud

The Treasury Department's recovery this fiscal year, a significant jump from the $652.7 million recovered in FY23, is driven by the Office of Payment Integrity (OPI) within the Bureau of the Fiscal Service strengthening its fraud prevention efforts.

International Business Times

Yellen Defends Biden's Decision To Maintain China Tariffs

Treasury Secretary Yellen explains Biden administration's stance on tariffs and fiscal policy, emphasizing fair trade practices and fiscal sustainability.

Top News

Treasury Secretary Yellen Warns Against Sweeping Tariffs

Treasury Secretary Janet Yellen criticizes sweeping tariffs, warns of inflationary impacts, and advocates for international cooperation in trade policies.

Latin Times

Deadline Passes for Treasury Secretary to Hand Over Documents Related to 'Suspicious' Democrat Fundraising

The GOP-led House Oversight Committee said reports raised concerns about the "threat of fraud and evasion of campaign finance law" and that a PAC tied to Democrats could have been compromised

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International Business Times

US Fed Rate Cut Is 'Very Positive Sign' For Economy: Yellen

The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.

Kiplinger

Who Does the IRS Audit the Most?

The IRS has a $400K audit directive problem. Here’s what you need to know.

International Business Times

Businesses Warn Yellen On 'Political Pressure' Over US Steel Sale

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

The Independent UK

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slide

Asian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies

International Business Times

Yellen Says She's 'Probably Done' With Government Work Once Biden's Term Ends

The 78-year-old treasury secretary is the first woman to hold the job and that of Federal Reserve chair, and the first person to also chair the White House Council of Economic Advisers.

Top News

IRS Collects IRS Collects Top News.3 Billion From Wealthy Tax Dodgers.3 Billion From Wealthy Tax Dodgers

IRS successfully collected IRS Collects Top News.3 Billion From Wealthy Tax Dodgers.3 billion from high-wealth tax dodgers, targeting millionaires and implementing new initiatives.

The Independent UK

Treasury recovers $1.3 billion in unpaid taxes from high wealth tax dodgers

The IRS has collected $1.3 billion from high wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022

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