Latest Janet Yellen News

South Dakota housing frenzy has some worried about crash

Jul. 24, 2021 01:02 AM EDT

SIOUX FALLS, S.D. (AP) — Real estate and home sales are setting records in Sioux Falls and across the country. From cash offers to low mortgage rates to hundreds more real estate agents hoping to jump in the market and help buyers compete for homes, right now might feel...

Yellen outlines to Congress emergency measures on debt limit

Jul. 23, 2021 23:21 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from an unprecedented default on the national debt, warning that a default would cause “irreparable harm to the U.S. economy and the...

US imposes new Cuba sanctions over human rights abuses

Jul. 22, 2021 14:56 PM EDT

WASHINGTON (AP) — The Biden administration announced new sanctions Thursday against a Cuban official and a government special brigade that it says was involved in human rights abuses during a government crackdown on protests on the island earlier this month. The...

China's economic growth slows to still-robust 7.9%

Jul. 15, 2021 01:19 AM EDT

BEIJING (AP) — China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off. As expected, the growth reported Thursday fell from the previous quarter’s explosive 18.3%,...

China slams Yellen's call for US-European 'unified front'

Jul. 13, 2021 20:30 PM EDT

BEIJING (AP) — China on Tuesday denounced an appeal by Treasury Secretary Janet Yellen for a U.S.-European “unified front” against Chinese “unfair economic practices” and human rights abuses. “China strongly deplores and rejects Treasury Secretary Yellen’s...

EU puts digital levy plans on hold in face of US criticism

Jul. 12, 2021 10:45 AM EDT

BRUSSELS (AP) — In a gesture of goodwill to the United States, the European Union on Monday put work on plans for a digital tax levy on hold for the moment to concentrate on finalizing the historic tax decision endorsed by the Group of 20 nations over the weekend. In...

Editorial Roundup: Texas

Jul. 12, 2021 10:11 AM EDT

Austin American-Statesman. July 8, 2021. Editorial: Forget, for a moment, the Alamo. Remember the First Amendment Silencing journalists and scholars, chasing dissent from the public square, distorting history to serve an ideological narrative —...

Yellen: US regulators to assess risk posed by climate change

Jul. 11, 2021 07:30 AM EDT

WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen says she will lead an effort by top U.S. regulators to assess the potential risk that climate change poses to America's financial system, part of a wide-ranging initiative launched by the Biden administration. ...

Yellen: Compete on economic strengths, not low tax rates

Jul. 11, 2021 04:40 AM EDT

U.S. Treasury Secretary Janet Yellen said Sunday that deterring the use of tax havens will let countries compete on economic fundamentals — instead of by offering ever-lower tax rates that deprive governments of money for infrastructure and education. Yellen spoke...

G-20 finance ministers back plan to stop use of tax havens

Jul. 10, 2021 15:39 PM EDT

Top finance officials representing most of the world's economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens. Finance ministers from the Group of 20...