Latest Janet Yellen News

Harris, Yellen focus on community finance at Freedman Forum

Sep. 29, 2022 06:02 AM EDT

WASHINGTON (AP) — Vice President Kamala Harris and Treasury Secretary Janet Yellen plan to use this year's Freedman's Bank Forum to highlight how federal coronavirus pandemic relief program funds have helped support Black- and minority-owned businesses. The Treasury Department...

Yellen warns inaction on climate could cause economic crisis

Sep. 27, 2022 14:38 PM EDT

CHAPEL HILL, N.C. (AP) — Treasury Secretary Janet Yellen warned Tuesday of economic calamity if climate change is not addressed with immediate government intervention. Joined by local business owners and prominent Democrats in North Carolina, Yellen said the increasing frequency...

Biden administration launches environmental justice office

Sep. 24, 2022 18:20 PM EDT

WARRENTON, N.C. (AP) — President Joe Biden’s top environment official visited what is widely considered the birthplace of the environmental justice movement Saturday to unveil a national office that will distribute $3 billion in block grants to underserved communities burdened by pollution. ...

US Sen. Warnock: Electric car tax credit needs 'flexibility'

Sep. 23, 2022 10:50 AM EDT

SAVANNAH, Ga. (AP) — U.S. Sen. Raphael Warnock urged the U.S. Treasury secretary Friday to use “maximum flexibility” in implementing a revised tax credit for Americans buying electric vehicles, a perk that Hyundai stands to lose as the automaker invests billions of dollars to open its first...

Yellen to visit North Carolina ahead of tight midterm races

Sep. 22, 2022 17:08 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen heads to the Durham, North Carolina, area next Tuesday as part of her ongoing tour to promote the Biden administration's legislative agenda ahead of the midterm elections. Visiting a state with several tight races in the offing,...

US sanctions Iranian morality police after woman's death

Sep. 22, 2022 15:17 PM EDT

WASHINGTON (AP) — The U.S. government on Thursday imposed sanctions on Iran’s morality police and leaders of other government agencies after the death of a woman who'd been detained over an accusation she violated the country’s dress code by wearing her Islamic headgear too loosely. ...

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

Sep. 21, 2022 17:30 PM EDT

WASHINGTON (AP) — 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. Roughly $8.28 billion in relief funds have...

Treasury recommends exploring creation of a digital dollar

Sep. 16, 2022 12:29 PM EDT

WASHINGTON (AP) — The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system. The White House said on Friday that after...

Yellen calls for modernized IRS at Maryland field office

Sep. 15, 2022 13:50 PM EDT

NEW CARROLLTON, Md. (AP) — Treasury Secretary Janet Yellen laid out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges at an IRS office in New Carrollton, Maryland, on Thursday. Yellen said the agency plans to hire...

Biden order sharpens foreign investment screening process

Sep. 15, 2022 09:14 AM EDT

WASHINGTON (AP) — President Joe Biden on Thursday signed an executive order that administration officials say aims to sharpen the national security considerations taken in the federal government's review process for foreign investment in the United States. Administration officials...