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The Latest Breaking News from Janet Yellen

Yellen warns inaction on climate could cause economic crisis

Treasury Secretary Janet Yellen is warning of economic calamity if climate change is not addressed with immediate government intervention

The Independent UK

Elon Musk Says 'Activating Starlink' In Iran After US Eases Curbs On Internet Services To The Country

Iranians could soon regain access to the internet, which was blacked out by the government following the recent widespread protests in the country over the death of a woman held in police custody for violating a dress code.

Benzinga

Yellen to visit North Carolina ahead of tight midterm races

Treasury Secretary Janet Yellen heads to the Durham, North Carolina, area next Tuesday as part of her ongoing national tour to promote the Biden administration’s legislative agenda ahead of midterm elections

The Independent UK

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US sanctions Iranian morality police after woman's death

The U.S. government has imposed sanctions on Iran’s morality police after the death in custody of a woman who'd been accused of wearing her Islamic headgear too loosely

The Independent UK

U.S. sanctions Iran's morality police over death of woman in custody

“We condemn this unconscionable act ... and call on the Iranian government to end its violence against women," Treasury said.

Axios

US has sent $8.28 billion in pandemic funds to local lenders

On the same day the Federal Reserve gave a sobering report on the U.S. economy’s trajectory, administration officials highlighted how they have kept some of the nation’s smallest businesses afloat through the pandemic

The Independent UK

U.S. senators want secondary sanctions on Russian oil

Democratic and Republican senators on Tuesday proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

Reuters

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U.S. Treasury official criticizes China's 'unconventional' debt practices

A top adviser to U.S. Treasury Secretary Janet Yellen warned on Tuesday that China's foot-dragging on debt relief could burden dozens of low- and middle-income countries with years of debt servicing problems, lower growth and underinvestment.

Reuters

West wavers on Ukraine proposals to seize Russian assets as reparations

Exclusive: Ukraine lobbying UN and allies to clear legal path for extracting Russian compensation for war damage

The Guardian - UK

Treasury recommends exploring creation of a digital dollar

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar

The Independent UK

Yellen calls for modernized IRS at Maryland field office

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges

The Independent UK

Malerba sworn in as 1st Native American in US Treasurer post

Mohegan Chief Marilynn “Lynn” Malerba was sworn in Monday, becoming the nation’s first Native American to serve as U.S. Treasurer

The Independent UK

Ukraine negotiating $1.5 billion U.S. loan for gas

Ukraine is negotiating for a $1.5 billion loan tranche from the U.S. Export-Import Bank to purchase natural gas, Ukraine's Prime Minister Denys Shmyhal wrote on Telegram on Saturday in a summary of a call with U.S. Treasury Secretary Janet Yellen.

Reuters

U.S. Treasury's Yellen stresses need for high-impact projects to rebuild Ukraine

U.S. Treasury Secretary Janet Yellen on Friday underscored the need for a broad coalition of partners to help Ukraine recover and rebuild after Russia's invasion, with a focus on near-term, high-impact projects, the Treasury Department said.

Reuters

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Axios

The White House's new push to define Bidenomics

The White House is talking about the Biden economic record as something to embrace, a shift heading into the midterms.

France 24

Amid financial turmoil, US backs Sri Lankan debt restructuring

US Treasury Secretary Janet Yellen says the US will support the restructuring of Sri Lanka's debt and will extend financing assurances to the country. This as Sri Lanka suffers its worst economic crisis in seven decades. We report on how fishermen are having to use oars instead of motors to…

Reuters

United States backs Sri Lanka's debt restructuring effort

The United States will support the restructuring of Sri Lanka's debt and extend financing assurances to the crisis-hit island nation, the U.S. Treasury Secretary Janet Yellen said in a letter seen by Reuters.

The Independent UK

Biden touts legislative record as midterms approach

The news is filled with stories about investigations into former President Donald Trump and the fallout over the Supreme Court's ruling on abortion

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Tribune News Service

Yellen says US back on track to ending fossil-fuels dependence

The U.S. is on track to hit ambitious emissions-reduction goals following recent climate legislation that encourages investment in green technology, Treasury Secretary Janet Yellen will say in a speech in Detroit on Thursday.

The Independent UK

Russia’s Gazprom shuts European gas pipeline indefinitely as energy crisis escalates

The move proves Russia’s ‘cynicism’, says the EU

The Independent UK

G-7 pledges to move forward with Russia oil price cap system

Finance ministers from the Group of Seven industrial powers have pledged to put in place a system designed to cap Russia’s income from oil sales, an idea the nations’ leaders had promised to explore in June

Evening Standard

G7 agree price cap on Russian oil to stop Putin’s ‘ability to fund war of aggression’

The cap is expected to be introduced in December for crude oil and for petroleum products in February

Axios

Janet Yellen kicks off month-long economic victory tour to sell Biden's achievements

The Treasury secretary plans to spend some of her intellectual capital to make the case for Biden's economy.

The Independent UK

Yellen warns of failure to agree on Russia oil price cap

Treasury Secretary Janet Yellen is warning that a failure to place a price cap on Russian oil would hurt the global economy

McClatchy Washington Bureau

Fact check: Will middle-class taxpayers really face an ‘army’ of IRS agents?

WASHINGTON — Look out, warn the Republicans. The Internal Revenue Service is about to unleash an army of agents eager to audit you and cost you a lot of money and aggravation.

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