Latest Janet Yellen News

G-20 meeting may lead to wider divisions over war in Ukraine

Jul. 06, 2022 06:03 AM EDT

WASHINGTON (AP) — Foreign ministers from the world’s largest nations are looking to address Russia's war in Ukraine and its impact on global energy and food security when they meet in Indonesia this week. Yet instead of providing unity, the talks may well exacerbate existing divides over the...

Blinken sets G-20 meeting with Chinese FM; silent on Russia

Jul. 05, 2022 22:12 PM EDT

WASHINGTON (AP) — Secretary of State Antony Blinken will see his Chinese counterpart this week at a meeting of foreign ministers from the Group of 20 bloc of nations that will likely exacerbate splits over Russia’s war in Ukraine. While strained U.S.-China ties will be the focus...

Chinese envoy expresses concern over US tariffs with Yellen

Jul. 05, 2022 01:26 AM EDT

BEIJING (AP) — China’s envoy to trade war talks with Washington expressed concern about U.S. tariffs on Chinese imports during a phone call Tuesday with Treasury Secretary Janet Yellen, the Ministry of Commerce announced, but it gave no indication of progress toward resolving an array of...

Asia shares rise on optimism about easing COVID restrictions

Jul. 05, 2022 00:24 AM EDT

TOKYO (AP) — Asian shares advanced Monday across the board as buying set in after the lull of a U.S. national holiday. Analysts said the optimism may be driven by expectations the U.S. may decide to cut Chinese tariffs, a welcome move that would also help tame inflation. ...

Uneasy US tries to fete a July 4 marred by parade shooting

Jul. 04, 2022 21:59 PM EDT

A shooting that left at least six people dead at an Independence Day parade in a Chicago suburb rattled Monday's celebrations across the U.S. and further rocked a country already awash in turmoil over high court rulings on abortion and guns as well as hearings on the Jan. 6 insurrection. ...

Treasury blocks $1 billion trust owned by Russian oligarch

Jun. 30, 2022 13:30 PM EDT

WASHINGTON (AP) — The Treasury Department said Thursday it has blocked a $1 billion Delaware-based trust connected to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov. The move comes after the U.S. seized a $325 million superyacht — the 348-foot-long Amadea — tied to...

1st Native American treasurer to push economic development

Jun. 29, 2022 20:30 PM EDT

WASHINGTON (AP) — Mohegan Chief Marilynn “Lynn” Malerba, the nation's first Native American U.S. treasurer, comes from a line of chiefs who instilled in her the need to keep her tribe healthy and to survive. “It's our job to leave footprints on the path for those who come...

$30B from Russian oligarchs frozen under REPO seizure effort

Jun. 29, 2022 06:02 AM EDT

WASHINGTON (AP) — A multinational task force designed to seize Russian oligarchs' wealth has blocked and frozen $30 billion in sanctioned individuals' property and funds in its first 100 days in operation, the Treasury Department reported Wednesday. That’s on top of the yachts,...

Live updates | Spain's king hosts NATO leaders' gala dinner

Jun. 28, 2022 16:49 PM EDT

MADRID (AP) — The Latest on the G-7 summit, the annual meeting of the leading democratic economies, which this year is being held in the Bavarian Alps in Germany; and on the NATO summit in Madrid, where leaders begin gathering later Tuesday: ___ Russia’s war on...

After Roe: Dems challenge GOP to show they care for mothers

Jun. 28, 2022 09:28 AM EDT

The Supreme Court's decision to overturn Roe v. Wade's constitutional protections for abortion rights set off a contest between Democrats and Republicans going into the midterm elections over whose policies would do more to help vulnerable mothers and children. Sen. Rick Scott,...