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The Latest Breaking News from Janet Yellen

White House Cites Tariff Reports That Undermine Its Own Claims

Attempting to defend Trump's tariffs, the White House points to studies that show they raise prices, cut manufacturing output, and lead to costly retaliation.

Reason

Europe’s leaders pile pressure on EU to release $200 billion of frozen Russian assets

A rift is emerging between the east and west of the EU over what to do with Russia’s seized central bank reserves.

Fortune

Trump versus the bond market: president-elect’s campaign rhetoric puts investors on edge

Some analysts fear ballooning federal debt and a bullish stock market means ‘something will surely snap’

The Guardian - UK

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Chinese hackers infiltrated US Treasury Secretary's PC — attackers had access to over 400 PCs

Chinese hackers accessed over 400 computers and over 3,000 unclassified files when they infiltrated the U.S. Treasury.

Tom’s Hardware

US Treasury To Take Extraordinary Measures As Debt Limit Reached

US nears trillion debt limit, Congress under pressure to act to avoid default.

Top News

US Treasury To Take 'Extraordinary Measures' To Avoid Debt Default

The US Treasury Department will start taking "extraordinary measures" next week to avoid risking a default on government debt, Secretary Janet Yellen said Friday, days before President-elect Donald Trump takes office.

International Business Times

Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling

In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21, in a letter sent to congressional leaders Friday afternoon

The Independent UK

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Treasury Nominee Supports Tougher Sanctions On Russia

Biden administration imposes new sanctions on Russian oil entities to disrupt funding for Ukraine conflict.

Top News

Trump's Treasury Secretary Nominee Claims There Will Be 'Economic Calamity' If Republican Tax Cuts Are Not Extended

Scott Bessent warned about the dangers of not extending tax cuts implemented during Donald Trump's first term.

International Business Times

Yellen Warns Against Extending Trump Era Tax Cuts: 'Unsustainable'

US Treasury Secretary Janet Yellen warned Wednesday that plans to extend President-elect Donald Trump's 2017 tax cuts -- which remained in place under Joe Biden but are set to expire -- will add to unsustainable deficits.

International Business Times

Janet Yellen's Short-Term Thinking Could Cost the U.S. Big

The Treasury Secretary’s debt decisions during the pandemic locked in low rates—but only for two years. Now, taxpayers are paying the price.

Reason

Will 2025 Be the Year of U.S. Fiscal Sanity?

With inflation risks persisting and entitlement spending surging, the situation cannot be ignored. But we never should have gotten to this point to begin with.

Reason

Chinese government hackers targeted US Treasury office that administers sanctions – report

Treasury disclosed hack earlier this week, with Washington Post reporting targets were Office of Foreign Assets Control and Office of Financial Research

The Guardian - AU

Trump Criticizes Mccarthy Over Debt Ceiling Suspension Decision

President-elect Trump criticizes debt ceiling suspension, urges prompt action. Treasury Secretary emphasizes urgency.

Top News

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The Independent UK

Janet Yellen warns Congress ‘extraordinary measures’ will be needed to stop US hitting debt limit

Yellen said the treasure will need to take ‘extrodinary measures’ to prevent the nation from hitting the debt ceiling early next year

International Business Times

Janet Yellen Warns Congress Will Need to Take 'Extraordinary Measures' to Avoid Hitting Debt Ceiling Next Month

Treasury Secretary Janet Yellen warned congressional leaders Friday that "extraordinary measures" will soon be required to prevent breaching the debt ceiling.

The Guardian - US

Janet Yellen issues warning to Congress as US nears debt limit

Treasury secretary says ‘extraordinary measures’ needed to avoid default, and urges lawmakers to raise borrowing limit

Top News

Treasury Secretary Yellen Warns Of Impending Debt Ceiling Crisis

Treasury Secretary Yellen warns of impending debt ceiling breach, urges Congress action to protect U.S. credit. Inflation raises government borrowing costs.

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International Business Times

US-China Officials To Hold Economic Talks Before Trump Return

Economic officials in outgoing President Joe Biden's administration are set to meet their Chinese counterparts this week for talks, in a final effort to strengthen ties before Donald Trump's White House return.

International Business Times

Trump's Tariff Plans May 'Derail' US Inflation Progress: Yellen

US President-elect Donald Trump's proposals to impose sweeping tariffs on imports could counter earlier efforts to cool inflation, Treasury Secretary Janet Yellen said Tuesday, warning that consumer prices could rise.

International Business Times

US Disburses $20 Bn Ukraine Loan Backed By Profits From Russian Assets

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by the interest earned on frozen Russian assets, as part of a $50 billion G7 support package.

The Independent UK

Secret Service agent fired at suspects outside of Janet Yellen's house in Washington DC

An investigation is underway after a Secret Service agent working on protective assignment outside Treasury Secretary Janet Yellen’s house fired a weapon following a confrontation with the occupants of a sedan

Top News

Secret Service Agent Fires On Carjackers Outside Treasury Secretary's Home

Incidents involving gunfire by law enforcement agents during attempted carjackings in Washington, D.C. No injuries reported.

International Business Times

US Steel Stock Plunges After Trump Vows To Block Nippon Steel Takeover

The president-elect claims he will help the company 'strong and great again.'

International Business Times

Trump Says Will 'Block' Nippon Steel From Taking Over US Steel

US President-elect Donald Trump on Monday said he would "block" a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts.

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