The Latest Breaking News from Janet Yellen

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

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

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

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.

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

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.

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

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

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

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

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