The Latest Breaking News from Janet Yellen

Yellen says World Bank nominee's credentials will overcome selection criticism

U.S. Treasury Secretary Janet Yellen said on Saturday that she believes the strong qualifications of the U.S. nominee to lead the World Bank, ex-Mastercard CEO Ajay Banga, will overcome any criticism of the selection process.

Reuters · Feb 25, 2023

Yellen says 'absolutely necessary' for G20 to condemn war in Ukraine

U.S. Treasury Secretary Janet Yellen told Reuters that a strong statement condemning Russia's war in Ukraine was "absolutely necessary" for a communique from the G20 finance leaders' meeting in India concluding on Saturday.

Reuters · Feb 25, 2023

US Announces Sweeping New Russia Sanctions 1 Year into War

The US announced a new round of sanctions on Russian firms, banks, manufacturers and people Friday, aiming them at entities that helped Russia evade sanctions earlier in the year-old war against Ukraine. Russia’s metals and mining sector is among those targeted in one of the US Treasury Department's "most significant…

Asharq Al-Awsat · Feb 24, 2023

G20 finance leaders to gauge toll on global economy on Ukraine war's anniversary

Global finance leaders will tally the economic damage from Russia's war in Ukraine on Friday as they meet on the conflict's first anniversary with some voicing concerns that more sanctions on Moscow would disrupt a modest improvement in growth.

Reuters · Feb 24, 2023

Yellen, G7 urge more aid for Ukraine and adherence to Russia sanctions

Finance ministers from the United States and its G7 allies called for more financial support for Ukraine on Thursday and vowed to maintain tough sanctions on Russia on the eve of the first anniversary of Moscow's invasion.

Reuters · Feb 23, 2023

Yellen, in India for G20, urges faster fixes for debt crises

U.S. Treasury Secretary Janet Yellen has urged other leading economies to move faster in resolving debt crises that threaten a growing number of countries

The Independent UK · Feb 23, 2023

New estimate U.S. could face default on debt by early June

A new estimate finds the U.S. could face an unprecedented default on its obligations as soon as early June if Congress does not act to lift the debt limit

The Independent UK · Feb 22, 2023

G-20 finance chiefs to tackle global economic threats

Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru to tackle challenges to global growth and stability

The Independent UK · Feb 22, 2023

G20 host India taps soft power as it champions new world order

BENGALURU: India is set to use this week’s meeting of finance ministers and central bank governors from the Group of 20 nations to try to amplify its influence over developing economies in Asia, Africa and Latin America called the Global South.

The Times of India · Feb 21, 2023

U.S. to push debt relief, Ukraine aid at G20 finance meeting in India

U.S. Treasury Secretary Janet Yellen will travel to India next week for G20 finance meetings that will focus on unblocking distressed-country debt restructuring, boosting support for Ukraine and reforming multilateral development banks.

Reuters · Feb 17, 2023