The Latest Breaking News from Janet Yellen

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 — U.S. Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on Wednesday in Zurich, making a detour on her way to talks in Africa.

The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos

Treasury Secretary Janet Yellen is set to meet with her Chinese counterpart in Switzerland on Wednesday

U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said.

WASHINGTON — House Republicans “won’t budge” on demands for federal spending cuts in return for agreeing to lift the debt ceiling and avoid a U.S. payment default, GOP Rep. James Comer said.

U.S. Treasury Secretary Janet Yellen departs Tuesday to visit three African countries central to President Joe Biden’s strategy to rejuvenate ties on the continent and counter China’s influence across the developing world.

The U.S. is expected to hit its debt ceiling Thursday, forcing the Treasury to take "extraordinary measures" to pay off its bills. A political stalemate could lead to an unprecedented federal default.