Latest Janet Yellen News

IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

Jul. 11, 2024 05:11 AM EDT

WASHINGTON (AP) — The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration's signature climate, health care, and tax package...

U.S. to expand control of land sales to foreigners near 56 additional military sites

Jul. 08, 2024 13:49 PM EDT

WASHINGTON (AP) — The U.S. wants to expand a Treasury committee's jurisdiction to review land sales near U.S. military sites where foreigners are the buyers. New Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United States' powers to review land...

Yellen announces efforts to boost the housing supply as high prices create a crunch

Jun. 24, 2024 15:56 PM EDT

WASHINGTON (AP) — The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. Treasury Secretary...

In Atlanta to promote fentanyl actions, Yellen announces sanctions against Mexican cartel

Jun. 20, 2024 13:52 PM EDT

WASHINGTON (AP) — In Atlanta to promote the Biden administration's efforts to quell the import of illegal drugs into the U.S., Treasury Secretary Janet Yellen announced new sanctions against members of a Mexican drug cartel accused of trafficking fentanyl, cocaine, meth and migrants through the...

Guest lineups for the Sunday news shows

Jun. 14, 2024 18:39 PM EDT

WASHINGTON (AP) — ABC’s “This Week” — Treasury Secretary Janet Yellen; Sen. Tim Scott, R-S.C. ___ NBC's “Meet the Press” — Reps. Byron Donalds, R-Fla., and Ro Khanna, D-Calif. ___ CBS’ “Face the Nation" — Rep. Mike...

Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship

Jun. 13, 2024 14:18 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector, and the Asian superpower's pursuit of its trade policies "may interfere significantly with our...

IRS makes free tax return program permanent and is asking all states to join in 2025

May. 30, 2024 19:39 PM EDT

WASHINGTON (AP) — The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025. The IRS tried...

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

May. 25, 2024 14:54 PM EDT

FRANKFURT, Germany (AP) — Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. But the ministers left a final deal to be worked out ahead of a June summit...

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting

May. 24, 2024 09:37 AM EDT

FRANKFURT, Germany (AP) — The U.S. sought to build support for squeezing more money for Ukraine out of frozen Russian assets and for uniting against China’s trade practices as finance ministers from the Group of Seven rich democracies opened a two-day meeting on Friday on the shores of northern...

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

May. 23, 2024 13:01 PM EDT

FRANKFURT, Germany (AP) — Ukraine's allies are wrestling with how to squeeze money out of frozen Russian assets to support Kyiv's war effort, a debate getting more urgent as Russia gains territory on the battlefield and as the outlook for Ukraine’s state finances looks shakier. ...