Latest Janet Yellen News

Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts

Jan. 27, 2025 20:14 PM EST

WASHINGTON (AP) — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth. ...

Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling

Jan. 17, 2025 18:12 PM EST

WASHINGTON (AP) — In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21 in a letter sent to congressional leaders...