Latest Janet Yellen News

Expanded IRS free-file system one step closer in Dems' bill

Aug. 13, 2022 12:34 PM EDT

WASHINGTON (AP) — The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system. It’s something lawmakers and advocates...

Today in History: August 13, East Germany seals the border

Aug. 13, 2022 00:01 AM EDT

Today in History Today is Saturday, Aug. 13, the 225th day of 2022. There are 140 days left in the year. Today’s Highlight in History: On Aug. 13, 1961, East Germany sealed off the border between Berlin’s eastern and western sectors before building a...

Congress OKs Dems' climate, health bill, a Biden triumph

Aug. 12, 2022 19:08 PM EDT

WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats' flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their House and Senate majorities in...

New crypto oversight legislation arrives as industry shakes

Aug. 03, 2022 17:32 PM EDT

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to...

Editorial Roundup: United States

Aug. 03, 2022 13:58 PM EDT

Excerpts from recent editorials in the United States and abroad: July 30 The Washington Post on U.S. accepting Ukrainian immigrants The United States has now met President Biden’s goal, announced in March, to legally admit “up to” 100,000...

Putin's rumored girlfriend hit with latest U.S. sanctions

Aug. 02, 2022 17:35 PM EDT

WASHINGTON (AP) — A new round of U.S. sanctions targeting Russian elites includes a woman named in news reports as Vladimir Putin’s longtime romantic partner. The Treasury Department said Tuesday that the government has frozen the visa of Alina Kabaeva, an Olympic gymnast in her...

Treasury says borrowing needs increased by $262 billion

Aug. 01, 2022 18:48 PM EDT

WASHINGTON (AP) — The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio. Figures released Monday by the department show that to be a $262 billion increase compared to estimates announced in...

Biden shrugs off recession talk, talks up fighting inflation

Jul. 28, 2022 17:52 PM EDT

WASHINGTON (AP) — President Joe Biden and his administration went all out Thursday to play down a troubling new economic report that added to the evidence of a recession, trying to pull focus instead to major legislative progress on measures to tame inflation, reduce debt and preserve America's...

Biden fights talk of recession as key economic report looms

Jul. 26, 2022 17:25 PM EDT

Facing a potentially grim report this week on the economy's overall health, President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession. The Commerce Department on Thursday will release new gross domestic product figures. Top...

Burgum calls for security review of Chinese firm's project

Jul. 26, 2022 16:56 PM EDT

BISMARCK, N.D, (AP) — Gov. Doug Burgum is pressing federal officials to expedite a review of a Chinese company’s purchase of land in North Dakota for a wet corn milling plant to ensure it is not detrimental to national security. Fufeng Group’s planned $700 million project in...