Latest Janet Yellen News

Treasury Department names first counselor for racial equity

Oct. 25, 2021 20:45 PM EDT

NEW YORK (AP) — The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries. Treasury Secretary Janet Yellen said Monday that Janis...

Guest lineups for the Sunday news shows

Oct. 23, 2021 14:08 PM EDT

WASHINGTON (AP) — ABC’s “This Week” — Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. __ NBC’s “Meet the Press” — Dr. Rochelle Walensky, director of the Centers for Disease Control and...

US budget deficit hits $2.77 trillion in 2021, 2nd highest

Oct. 22, 2021 15:41 PM EDT

WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating...

US regulators endorse efforts to address climate risks

Oct. 21, 2021 19:46 PM EDT

WASHINGTON (AP) — U.S. financial regulators on Thursday approved a series of steps toward addressing the dangers that climate change poses to the nation’s financial system. The Financial Stability Oversight Council, which is headed by Treasury Secretary Janet Yellen...

Treasury says it needs to modernize its economic sanctions

Oct. 18, 2021 17:11 PM EDT

WASHINGTON (AP) — The Treasury Department says that the economic and financial sanctions the United States has employed over the past two decades to battle global terrorism, nuclear proliferation, drug cartels and other threats need to adapt to a rapidly changing financial world. ...

Biden signs debt limit hike, but December standoff looms

Oct. 14, 2021 20:08 PM EDT

WASHINGTON (AP) — President Joe Biden on Thursday signed into law a bill raising the nation's debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster. The House passed the $480...

IMF warns economy recovery threatened by virus, inflation

Oct. 14, 2021 16:17 PM EDT

WASHINGTON (AP) — The International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency called Thursday for greater efforts from wealthy nations to boost...

IMF head pledges renewed efforts to protect data integrity

Oct. 13, 2021 17:26 PM EDT

WASHINGTON (AP) — The embattled head of the International Monetary Fund, who successfully fought to keep her job following a data-manipulation scandal, on Wednesday pledged renewed efforts to bolster data integrity while focusing on the main job of helping countries recover from a...

Editorial Roundup: Mississippi

Oct. 13, 2021 13:37 PM EDT

Greenwood Commonwealth. Oct. 8, 2021. Editorial: Higher Ed delivers economic boost It’s no surprise when a large university reports a significant economic impact from its services. But because it’s easy to overlook the topic, the numbers from a...

Editorial Roundup: U.S.

Oct. 13, 2021 12:38 PM EDT

Excerpts from recent editorials in the United States and abroad: Oct. 8 The Los Angeles Times on the danger of turning the debt limit into political theater: Congratulations to Congress for avoiding economic catastrophe for...