Latest Janet Yellen News
United States and China launch economic and financial working groups with aim of easing tensions
WASHINGTON (AP) — The U.S. Treasury Department and China's Ministry of Finance launched a pair of economic working groups on Friday in an effort to ease tensions and deepen ties between the nations. Led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng, the working...
Prince William, billionaires Gates and Bloomberg say innovation provides climate hope
NEW YORK (AP) — With deadly extreme weather hitting all over the globe, rising temperatures peaking during the hottest summer on record and carbon pollution levels that keep climbing, Britain’s Prince William and wealthy entrepreneurs Bill Gates and Michael Bloomberg promised a warming world a...
Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the US
WASHINGTON (AP) — The Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States. “National security is a foremost priority, and we deploy a wide range of tools to safeguard it,” Treasury Secretary Janet...
War sanctions against Russia highlight growing divisions among the Group of 20 countries
WASHINGTON (AP) — Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries. With world leaders and finance ministers meeting...
US commerce secretary rejects Chinese appeal to ease export controls
BEIJING (AP) — U.S. Commerce Secretary Gina Raimondo said she rebuffed an appeal Tuesday by Chinese leaders to reduce U.S. export controls on technology with possible military uses but the two governments agreed to have experts meet to discuss disputes over protecting trade secrets. ...
US, China agree to discuss export controls as commerce secretary visits to warm up chilly ties
BEIJING (AP) — Commerce Secretary Gina Raimondo said she and her Chinese counterpart agreed Monday to exchange information on U.S. export controls that frustrate Beijing and set up a group to discuss other commercial issues, but neither side appeared ready to make concessions on disputes that...
Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved ties
WASHINGTON (AP) — Commerce Secretary Gina Raimondo is the latest member of President Joe Biden’s Cabinet to visit China as his administration tries to mend the deteriorating ties between the world's two largest economies. She promises to be “practical” without compromising the U.S. push to...
The US government's debt has been downgraded. Here's what to know
WASHINGTON (AP) — Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government's credit worthiness, a move that spurred debate in Washington about spending and tax policies. Fitch...
IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperwork
Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season as the agency aims to go completely paperless by 2025. The effort to reduce the exorbitant load of paperwork that has plagued the agency — dubbed the...
Fitch downgrades US credit rating, citing mounting debt and political divisions
WASHINGTON (AP) — Fitch Ratings has downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades. The rating was cut Tuesday one notch to...
