Latest Janet Yellen News

New Mexico governor signs $7.4B state budget, vetoes relief

Apr. 09, 2021 17:21 PM EDT

SANTA FE, N.M. (AP) — New Mexico Gov. Michelle Lujan Grisham signed Friday a $7.4 billion general fund spending plan for the coming fiscal year that boosts state funding for public education, early childhood services and more — while using her veto pen to assert sole authority over $1.6...

Hagerty talks elections with Trump after affirming Biden win

Apr. 08, 2021 18:52 PM EDT

NASHVILLE, Tenn. (AP) — In his first week, Tennessee's freshman U.S. Sen. Bill Hagerty watched in horror as the Capitol riots unfolded around him and decided to back down from his plans to oppose the electoral college results that affirmed President Joe Biden's win despite then-President...

IMF policy panel endorses $650 billion increase in resources

Apr. 08, 2021 15:46 PM EDT

WASHINGTON (AP) — The International Monetary Fund on Thursday authorized a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic. IMF Managing...

Fed's Powell: US nears full reopening to 'different economy'

Apr. 08, 2021 15:21 PM EDT

WASHINGTON (AP) — The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome Powell said Thursday. But he cautioned that not all will immediately benefit. ...

G20 working for deal on international corporate tax by July

Apr. 07, 2021 22:32 PM EDT

MILAN (AP) — Italy’s finance minister said Wednesday that Group of 20 advanced economies hope by a ministerial meeting in July to have reached an agreement on international taxation, an issue being pressed by U.S. Treasury Secretary Janet Yellen. While international...

Biden open to compromise on infrastructure, but not inaction

Apr. 07, 2021 21:52 PM EDT

President Joe Biden drew a red line on his $2.3 trillion infrastructure plan Wednesday, saying he is open to compromise on how to pay for the package but inaction is unacceptable. The president turned fiery in an afternoon speech, saying that the United States is failing...

Major economies support $650 billion boost in IMF resources

Apr. 07, 2021 18:28 PM EDT

WASHINGTON (AP) — Finance officials of the world’s major economies on Wednesday agreed on a proposal to boost the resources of the International Monetary Fund by $650 billion as a way to provide more support to vulnerable countries struggling to deal with a global pandemic. ...

AP FACT CHECK: Biden's job inflation on infrastructure

Apr. 07, 2021 16:08 PM EDT

WASHINGTON (AP) — President Joe Biden and his team have offered a vastly inflated projection of how many jobs his infrastructure plan would create, an account his press secretary corrected Tuesday. Biden has also drifted beyond the facts when dismissing the potential downsides of the tax...

AGs from Kentucky, Tennessee sue over stimulus tax rule

Apr. 07, 2021 14:40 PM EDT

FRANKFORT, Ky. (AP) — The Republican attorneys general of Kentucky and Tennessee have added their voices to those in several other states who are objecting to a provision in the $1.9 trillion pandemic aid plan that bars states from using relief money to offset tax cuts. ...

'We failed the test' of COVID-19, says human rights champion

Apr. 07, 2021 04:16 AM EDT

PARIS (AP) — Agnès Callamard is best known for her investigation into the killing of Saudi journalist Jamal Khashoggi, and has made a career uncovering extrajudicial killings. The French human rights expert's focus on rights abuses is taking on new dimensions as she...