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The Latest Breaking News from Janet Yellen

Zambia visits by Yellen, IMF reflect concern over stalled debt talks, China

Two of the world's most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how China and other creditors are handling the African country's debt.

Reuters

Yellen urges Zambia debt restructuring after talks with China

U.S. Treasury Secretary Janet Yellen said on Monday on a visit to Zambia it was critically important to restructure its debt, and she believes progress could be made after her frank talks last week with China, which is owed almost $6 billion by Lusaka.

Reuters

Yellen in Zambia to discuss debt to China, public health

U.S. Treasury Secretary Janet Yellen is in Zambia on the second leg on her African tour

The Independent UK

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U.S. wants to see quicker progress on World Bank reforms- Yellen

U.S. Treasury Secretary Janet Yellen on Sunday said the United States wanted to see quicker progress on the World Bank's plans for expanding its lending capacity to address climate change and other global crises.

Reuters

US Ambassador Heading to Africa as Part of Biden’s Big Push

The US ambassador to the United Nations, Linda Thomas-Greenfield, is the second Cabinet member heading to Africa as part of President Joe Biden’s big push to engage with the world’s second-largest continent. The US Mission to the UN said Sunday she will travel to Ghana, Mozambique and Kenya starting Jan.…

Asharq Al-Awsat

Yellen says China may be prepared to join Zambia debt deal

U.S. Treasury Secretary Janet Yellen again expressed cautious optimism that China will be willing to enter into a multilateral debt restructuring deal with Zambia.

Tribune News Service

Yellen sees success in extending Russia price cap, despite risks

U.S. Treasury Secretary Janet Yellen expressed confidence that restrictions on Russian sales of crude oil can be expanded to refined petroleum products in February, while acknowledging that the task will be more complicated.

Tribune News Service

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Yellen: Defaulting on debt could cause "self-imposed calamity"

Yellen said she expects that Congress will eventually vote to raise the debt limit.

Axios

The AP Interview: Yellen says debt standoff risks ‘calamity’

U.S. Treasury Secretary Janet Yellen says in an Associated Press interview that she expects Congress will ultimately vote to raise America's debt limit

The Independent UK

Treasury's Yellen breaks ground on rural electrification project in Senegal

U.S. Treasury Secretary Janet Yellen on Saturday helped kick off a new rural electrification project in Senegal that will bring reliable power to 350,000 people, while supporting some 500 jobs in 14 U.S. states.

Reuters

Door of No Return: Yellen visits onetime slave-trading post

U.S. Treasury Secretary Janet Yellen has paid a solemn visit to an island off Senegal that is one of the most recognized symbols of the horrors of the Atlantic slave trade that trapped tens of millions of Africans in bondage

The Independent UK

Yellen, at former slave port, sees path of renewal for Africa and U.S

U.S. Treasury Secretary Janet Yellen on Saturday spoke of the "unspeakable cruelty" and enduring consequences of the trans-Atlantic slave trade, but said she was heartened by signs of progress and renewal in both the United States and Africa.

Reuters

US Secretary of Treasury: US Failure to Pay Debts Could Spur Global Finance Crisis

United States Secretary of the Treasury Janet Yellen warned on Friday that Washington could spur a global financial crisis and undermine the role of the dollar if it fails to pay its debts. The US government hit its $31.4 trillion borrowing limit on Thursday, a figure that reflects money already…

Asharq Al-Awsat

White House says Biden won’t negotiate in McCarthy debt talks

WASHINGTON — President Joe Biden “looks forward” to meeting with Kevin McCarthy, the new Republican House speaker, to discuss a variety of issues, but negotiation on raising the U.S. debt limit is off the table, the White House said Friday night.

Tribune News Service

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France 24

US continues African charm offensive as Yellen visits Senegal | Eye on Africa - France 24

In tonight's show, US Treasury Secretary Yellen visits Senegal as Washington eyes Russian influence in Africa, Ivory Coast increases its minimum wage and a Rwanda journalist, critical of the government, dies.

Axios

Yellen rules out GOP plan to avert default on government debt

Technically, it's not even possible

Al Jazeera

Yellen reasserts US commitment to Africa in Senegal visit

US Treasury secretary says Biden administration’s engagement with the continent is ‘not for show’ or the ‘short-term’.

The Independent UK

In Senegal, Yellen talks about future of US-Africa relations

U.S. Treasury Secretary Janet Yellen is visiting Senegal with a message about the future of U.S.-Africa relations

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Reuters

Yellen says Russian oil price cap could save African countries $6 billion annually

Russia's war in Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag on the continent's economy, U.S. Treasury Secretary Janet Yellen said in Senegal's capital Dakar on Friday.

Axios

Treasury Secretary Janet Yellen shames Russia and China in Africa speech

She cited the war in Ukraine as the leading cause of African misery.

The Guardian - US

US heads for debt-ceiling standoff as House Republicans refuse to budge

Hard-right Republicans say no to ‘clean’ debt ceiling increase, raising dire possibility of US defaulting on financial obligations

Reuters

U.S. Treasury team heading to China in February to prepare Yellen's trip -sources

A team of U.S. Treasury officials will visit China in February to prepare for a visit by U.S. Treasury Secretary Janet Yellen, two sources familiar with the plans told Reuters on Thursday.

The Independent UK

Yellen kickstarts Biden administration visits to Africa

The Biden administration’s big push to engage more with Africa is underway as Treasury Secretary Janet Yellen begins a 10-day visit aimed at promoting all the economic possibilities that lie between the U.S. and the world’s second-largest continent

WEKU

U.S. hits its debt limit and now risks defaulting on its bills

The U.S. is undertaking "extraordinary" measures to avoid defaulting on its obligations after the country reached its debt limit on Thursday. Now, a big political fight looms.

Al Jazeera

US starts using extraordinary measures to avoid default

The period of time that extraordinary measures may last is subject to ‘considerable uncertainty’ Janet Yellen warned.

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