Latest Janet Yellen News
G20 finance ministers agree to work toward effectively taxing the super-rich
RIO DE JANEIRO (AP) — Finance ministers from leading rich and developing nations agreed Friday to strive toward effectively taxing the super-rich, a joint ministerial declaration said. “With full respect to tax sovereignty, we will seek to engage cooperatively to ensure that...
G20 finance ministers discuss a global tax on the super-rich
RIO DE JANEIRO (AP) — Finance ministers from leading rich and developing nations gathered in Rio de Janeiro on Thursday for a two-day meeting to discuss a global tax on the super-rich, a top priority for Brazil, which holds the presidency. According to the proposal before the Group...
IRS collects milestone $1 billion in back taxes from high-wealth taxpayers
WASHINGTON (AP) — The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration's signature climate, health care, and tax package...
U.S. to expand control of land sales to foreigners near 56 additional military sites
WASHINGTON (AP) — The U.S. wants to expand a Treasury committee's jurisdiction to review land sales near U.S. military sites where foreigners are the buyers. New Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United States' powers to review land...
Yellen announces efforts to boost the housing supply as high prices create a crunch
WASHINGTON (AP) — The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. Treasury Secretary...
In Atlanta to promote fentanyl actions, Yellen announces sanctions against Mexican cartel
WASHINGTON (AP) — In Atlanta to promote the Biden administration's efforts to quell the import of illegal drugs into the U.S., Treasury Secretary Janet Yellen announced new sanctions against members of a Mexican drug cartel accused of trafficking fentanyl, cocaine, meth and migrants through the...
Guest lineups for the Sunday news shows
WASHINGTON (AP) — ABC’s “This Week” — Treasury Secretary Janet Yellen; Sen. Tim Scott, R-S.C. ___ NBC's “Meet the Press” — Reps. Byron Donalds, R-Fla., and Ro Khanna, D-Calif. ___ CBS’ “Face the Nation" — Rep. Mike...
Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship
WASHINGTON (AP) — Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector, and the Asian superpower's pursuit of its trade policies "may interfere significantly with our...
IRS makes free tax return program permanent and is asking all states to join in 2025
WASHINGTON (AP) — The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025. The IRS tried...
G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
FRANKFURT, Germany (AP) — Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. But the ministers left a final deal to be worked out ahead of a June summit...
