Latest Janet Yellen News

Yellen, Malerba become 1st female pair to sign US currency

Dec. 08, 2022 16:26 PM EST

FORT WORTH, Texas (AP) — Treasury Secretary Janet Yellen on Thursday helped mark a milestone in U.S. history when she held up a newly minted $5 bill signed for the first time ever by two women. Yellen's signature will appear alongside that of U.S. Treasurer Lynn Malerba, the first...

EXPLAINER: What's the effect of Russian oil price cap, ban?

Dec. 02, 2022 18:12 PM EST

FRANKFURT, Germany (AP) — Western governments have agreed to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine. The cap is set to take effect Monday, the same day the...

G-7 joins EU on $60-per-barrel price cap on Russian oil

Dec. 02, 2022 18:04 PM EST

WASHINGTON (AP) — The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his...

EU warns Musk to beef up Twitter controls ahead of new rules

Nov. 30, 2022 20:10 PM EST

LONDON (AP) — A top European Union official warned Elon Musk on Wednesday that Twitter needs to beef up measures to protect users from hate speech, misinformation and other harmful content to avoid violating new rules that threaten tech giants with big fines or even a ban in the 27-nation bloc. ...

Biden says inflation help is coming but 'will take time'

Nov. 18, 2022 14:56 PM EST

WASHINGTON (AP) — President Joe Biden cautioned on Friday that “it's going to take time” for inflation to recede, but he offered fresh assurance that legislation he signed earlier this year will soon help limit costs for health care and energy. He made the remarks while...

Barbados spearheads push on climate disaster financing

Nov. 18, 2022 05:23 AM EST

SHARM EL-SHEIKH, Egypt (AP) — At the U.N. climate summit in Egypt, leaders of developing nations have repeatedly said it's not fair to expect them to cover the costs of rebuilding from devastating weather events in a warming world, plus invest in cleaner industry while they also pay much higher...

House panel to hold hearing on crypto exchange FTX collapse

Nov. 16, 2022 17:52 PM EST

WASHINGTON (AP) — Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. The House Financial Services...

Business group sues over new corporate ownership database

Nov. 15, 2022 15:22 PM EST

WASHINGTON (AP) — A small business lobbying group filed suit Tuesday to block the Treasury Department's upcoming requirement that tens of millions of small businesses register with the government as part of an effort to prevent the criminal abuse of anonymous shell companies. The...

US sanctions firms over Iranian drone transfers to Russia

Nov. 15, 2022 14:44 PM EST

WASHINGTON (AP) — The U.S. said Tuesday it is imposing new sanctions on firms and entities accused of being involved in the transfer of Iranian drones to Russia for use in Vladimir Putin's ongoing invasion of Ukraine. The move comes after Iranian officials earlier this month...

US sanctions non-Russians linked to military suppliers

Nov. 14, 2022 11:37 AM EST

WASHINGTON (AP) — The U.S. said Monday it was imposing sanctions on a list of people and firms around the globe that it alleged are involved in supporting Russia's military as it wages war on Ukraine. Unlike recent packages of sanctions imposed on Russia-based firms and people,...