Latest Janet Yellen News

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. ...

The US is now allowed to seize Russian state assets. How would that work?

May. 10, 2024 14:39 PM EDT

WASHINGTON (AP) — The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv. That could mean another $5 billion in assistance...

Yellen says threats to democracy risk US economic growth, an indirect jab at Trump

May. 03, 2024 18:33 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy — an indirect jab at Donald Trump. Yellen delivered an address Friday in Arizona, using economic data to paint a picture of how disregard for America's...

About 4 in 10 Americans see China as an enemy, a Pew report shows. That's a five-year high

May. 02, 2024 09:41 AM EDT

WASHINGTON (AP) — About 4 in 10 Americans now label China as an enemy, up from a quarter two years ago and reaching the highest level in five years, according to an annual Pew Research Center survey released Wednesday. Half of Americans think of China as a competitor, and only 6%...

New US sanctions against Russia target weapons development, ban uranium imports for nuclear power

May. 01, 2024 16:48 PM EDT

WASHINGTON (AP) — The United States on Wednesday imposed new sanctions on hundreds of companies and people tied to Russia's weapons development program, more than a dozen Chinese entities accused of helping Moscow find workarounds to earlier penalties, and individuals linked to the death of...

Aerial photos show wide devastation left by a deadly tornado in China's Guangzhou

Apr. 28, 2024 20:28 PM EDT

BEIJING (AP) — Aerial photos posted by Chinese state media on Sunday showed wide devastation in part of the southern city of Guangzhou after a tornado swept through the day before, killing five people, injuring dozens others and damaging more than 140 buildings. As businesses and...

A tornado in southern China kills 5 people and damages factories in the metropolis of Guangzhou

Apr. 27, 2024 17:39 PM EDT

BEIJING (AP) — A tornado struck the southern Chinese city of Guangzhou on Saturday, killing five people and damaging more than 140 factory buildings, state media said. The China Meteorological Administration said the tornado struck about 3 p.m. in the Baiyun district of Guangzhou,...

Blinken begins key China visit as tensions rise over new US foreign aid bill

Apr. 24, 2024 05:08 AM EDT

SHANGHAI (AP) — U.S. Secretary of State Antony Blinken has begun a critical trip to China armed with a strengthened diplomatic hand following Senate approval of a foreign aid package that will provide billions of dollars in assistance to Ukraine, Israel and Taiwan as well as force TikTok’s...