The Latest Breaking News from Janet Yellen

President Joe Biden will discuss the debt limit with House Speaker Kevin McCarthy and congressional leaders at the White House

Washington (AFP) - Treasury Secretary Janet Yellen said new data reinforced an earlier warning that the US could default on its debts as early as June 1, ahead of crunch talks Tuesday between President Joe Biden and Republican leaders. 

“I still think we’re far apart,” McCarthy told NBC News on Monday.

Stock futures higher with debt talks, earnings in focus; Week Ahead: Retail sales, earnings to test U.S. consumer strength; Tesla higher as Elon Musk meets with French President Macron; Shake Shack jumps as activists target high-end burger chain and Biden 'optimistic' on debt ceiling deal as Yellen repeats June 1…

Chilling new data from the S&P shows corporate bankruptcy is soaring, yet the U.S. is not technically in a recession.

There could be serious economic damage in the U.S. and elsewhere if the debt ceiling fight nears the default deadline.

Finance ministers and central bank chiefs ended talks in Japan with a joint statement pledging to bring inflation under control while aiding those suffering the most from surging prices.

Niigata (Japan) (AFP) - The G7 plans to launch a partnership scheme to diversify supply chains this year, the group's finance ministers said Saturday following talks in Japan ahead of a major summit next week.

NIIGATA: Group of Seven (G-7) finance chiefs put more aid on the table for Ukraine, set up a new supply chain initiative and vowed to fill regulatory gaps in the banking sector in a show of unity on global geo-economic issues after three days of talks.

Japanese Prime Minister Fumio Kishida says the world is facing a “historic turning point” as the country prepares to host the annual summit of the Group of Seven advanced economies next week in Hiroshima

The U.S. Treasury warns that it might exhaust its ability to borrow money as early as June 1 if Congress does not raise the debt ceiling.