The Latest Breaking News from Janet Yellen

The Treasury Department is beginning the use of special measures to avoid a U.S. payments default, after the federal debt limit was reached Thursday.

The Biden administration is trying to counter China’s influence on the continent.

U.S. Treasury Secretary Janet Yellen will kick off a year of visits by top U.S. officials to Africa on Friday aiming to firm up U.S.-Africa ties after decades in which China has dominated investment across the continent.

Yellen to visit Beijing in further sign of US-China thaw

Plans are under way for U.S. Treasury Secretary Janet Yellen and her Chinese counterparts to hold meetings in Beijing and Washington later this year, continuing the governments’ efforts to ramp up face-to-face engagement to improve ties.

The trip is the latest effort by both countries to improve relations and avoid misunderstandings.

From an obscure congressional maneuver to a trillion-dollar coin, there are many ideas out there to help the U.S. avoid debt default, but they are untested and have major potential problems.

Fast forward to this fall. Americans are thinking about Halloween costumes or how their kids are faring in the new school year, but one more pressing and widespread concern occupies the nation’s minds: the collapsing global economy, which has been spinning out with no signs of slowing, leading to heavy…

U.S. Treasury Secretary Janet Yellen is set to sit down with her Chinese counterpart in Switzerland on Wednesday

WASHINGTON — House Speaker Kevin McCarthy called on Democrats to engage in talks with Republicans over a fiscal plan including an increase in the federal debt limit, while the White House reiterated its rejection of such negotiations, highlighting the risk of a market-rattling battle over the ceiling later this year.

WASHINGTON — House Speaker Kevin McCarthy called on Democrats to engage in talks with Republicans over a fiscal plan including an increase in the federal debt limit, while the White House reiterated its rejection of such negotiations, highlighting the risk of a market-rattling battle over the ceiling later this year.