Latest Janet Yellen News
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling
WASHINGTON (AP) — In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21 in a letter sent to congressional leaders...
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon Steel
WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company. ...
Biden announces nearly $2.5 billion more in military aid for Ukraine
WASHINGTON (AP) — President Joe Biden said Monday that the United States will send nearly $2.5 billion more in weapons to Ukraine as his administration works quickly to spend all the money it has available to help Kyiv fight off Russia before President-elect Donald Trump takes office. ...
Janet Yellen tells Congress US could hit debt limit in mid-January
WASHINGTON (AP) — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14, in a letter sent to congressional leaders Friday...
Biden will decide on US Steel acquisition after influential panel fails to reach consensus
WASHINGTON (AP) — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to President Joe Biden, who opposes the deal. The...
What to know about the debt ceiling debate as a government shutdown looms in Washington
A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal government shutdown. President-elect Donald Trump has demanded that a provision raising or suspending the nation's debt limit — something that his own...
Business owners should not forget anti-money laundering rule currently in legal limbo
Small business owners should not forget about a rule — currently in legal limbo — that would require them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1. The registration is part of the Corporate Transparency Act, an anti-money...
Biden says he was 'stupid' not to put his name on pandemic relief checks like Trump did
WASHINGTON (AP) — President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple, effective act of branding. Biden did the...
Biden is rushing aid to Ukraine. Both sides are digging in. And everyone is bracing for Trump
WASHINGTON (AP) — The grinding war between Ukraine and its Russian invaders has escalated ahead of Donald Trump's inauguration, with President Joe Biden rushing out billions of dollars more in military aid before U.S. support for Kyiv’s defenses is thrown into question under the new...
Secret Service agent fired at suspects outside of Janet Yellen's house in Washington DC
WASHINGTON (AP) — An investigation is underway after a Secret Service agent working on protective assignment outside Treasury Secretary Janet Yellen's house fired a weapon following a confrontation between the agent and occupants of a sedan, early Tuesday. At roughly 1:30 a.m....
