JANET YELLEN

The U.S. will close the last avenue for Russia to pay back its billions in debt to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable.

A slump in several big companies weighed down the stock market Tuesday, leaving most major indexes lower.

U.S. Sen. Chris Van Hollen of Maryland says he's home again after suffering a minor stroke.

President Joe Biden tended to both business and security interests as he wrapped up a three-day visit to South Korea on Sunday.

Last July, Treasury Secretary Janet Yellen celebrated it as a “historic day” when more than 100 nations agreed to a global minimum tax deal meant to reform and equalize the world’s economy.

Finance ministers for the Group of Seven leading economies are grappling with deepening inflation concerns and the immediate effects of Russia’s war in Ukraine, with U_S_ Treasury Secretary Janet Yellen warning that it all adds up to a “very difficult economic situation.”.

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories.

Treasury Secretary Janet Yellen is warning that Russia’s February invasion of Ukraine has produced a sharp increase in food and energy prices that is contributing to a slowdown in growth and creating greater risk of global stagflation.

The aid package to cover damages from Russia's war on Ukraine could be as large as $15 billion, according to people familiar with the matter.

Even as Western allies grapple with how to counter Russia’s assault on Ukraine, U.S. Treasury Secretary Janet Yellen is warning that they also must take a wary and united approach to checking China and its business practices.

U.S. Treasury Secretary Janet Yellen has met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance ministers for the Group of Seven leading economies.

U.S. Sen. Chris Van Hollen of Maryland says he has suffered a minor stroke and is being treated at George Washington University Hospital.

It’s been a wild week in crypto, even by crypto standards.

U.S. Treasury Secretary Janet Yellen has urged Congress to approve federal regulation of stablecoins.

Treasury Secretary Janet Yellen, responding to the recent sharp decline in cryptocurrencies, says additional federal regulation is needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal.

Just when you thought you understood the world of crypto, some brain-twisting innovation comes along and you’re lost again. It doesn’t help that a tight-knit community of crypto evangelists throws around buzzwords and slang that are like a foreign language to the uninitiated. Bloomberg has unpacked some of those concepts here.

Shares of the crypto trading platform have tumbled more than 30% this week as its growth hits a wall.

Shares of the crypto trading platform have tumbled more than 30% this week as its growth hits a wall.

A tense exchange about abortion at a congressional hearing is more revealing than some senators realize.

Cryptocurrency tycoons are emerging as new power players in American politics.

Cryptocurrency trading platform Coinbase has lost half its value in the past week.

Gates believes factors like Russia's war in Ukraine and pandemic fallout create a "strong argument" that the world will see an economic slowdown soon.

Treasury Secretary Janet Yellen’s appearance before a Senate committee took an unexpected and tense detour into the abortion debate Tuesday when senators questioned her about the potential impact of an abortion ban on the American economy.

Treasury Secretary Janet Yellen believes the U.S. financial system is in working order, but wouldn't be surprised to see market volatility linger.

It's the largest hike since 2000.

A bipartisan bill to raise asset limits for SSI beneficiaries could be the first step in updating the outdated federal benefits program, Sen. Sherrod Brown said.

President Joe Biden doesn’t want to just seize the yachts, luxury homes and other assets of Russian oligarchs, he wants to sell off the pricey goods and use the money to help rebuild Ukraine.

Treasury Secretary Janet Yellen says the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future.

President Joe Biden wants Congress to provide $33 billion to bolster Ukraine’s fight against Russia.

Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West.

Despite Russia's invasion of Ukraine, Moscow's membership in the Group of 20 remains firmly intact.

The United States unleashed some of its toughest actions against Russian President Vladimir Putin right after he rolled his troops into Ukraine.

Stocks slumped on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as worries deepen about a surge in interest rates and the U.S. central bank's efforts to fight inflation.

The mounting economic damage to Ukraine from Russia’s ongoing bombardment has the U.S. and its allies speeding billions in aid to the beleaguered country — and looking for other sources of cash, including Russia itself.

Yellen's counterparts from the U.K. and Canada joined the walkout to protest Russia's invasion of Ukraine.

The U.S. rolled out new sanctions on Wednesday against more than 40 individuals and entities accused of evading the ongoing wave of penalties imposed on Russia as punishment for invading Ukraine.

US President Joe Biden, with Treasury Secretary Janet Yellen (L) and Defense Secretary Lloyd Austin (R), speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. The U.S. Treasury Department announced Wednesday that it expanded its wide raft of sanctions to include businesses and individuals that are helping Russia blunt the impact of economic penalties imposed on Moscow. Treasury officials said the department is now targeting Russian commercial bank Transkapitalbank, as well as a network of more than 40 people including oligarch Konstantin Malofeyev it believes are helping the Kremlin skirt a wave of economic punishments. The Biden administration also said it's cracking down on companies operating in Russia's virtual currency mining industry, including Bitriver, that help the country monetize its exports and other natural resources. "The United States will work to ensure that the sanctions we have imposed, in close coordination with our international partners, degrade the Kremlin's ability to project power and fund its invasion," he added.

The coordinated action underlines Russia's increasing isolation as it continues its war in Ukraine.

Russia and Ukraine produce roughly 14% of the world's wheat supply, according to the United Nations, and the war has resulted in soaring food prices and fears about food security globally.

Treasury Secretary Janet Yellen has urged world finance leaders to “get concrete” as they look for ways to combat a looming crisis over food insecurity around the globe that Russia’s war in Ukraine has made worse.

Treasury Secretary Janet Yellen plans to meet with Ukraine's prime minister during this week’s spring meetings of the International Monetary Fund and World Bank in Washington.

Treasury Secretary Janet Yellen will meet with global ministers to address a food crisis caused by Russia's invasion of Ukraine.

China says it will reject “any pressure or coercion" over its relationship with Russia.

Russia's war in Ukraine is already taking a dramatic toll on the world economy, causing disruptions to global food, energy and financial markets, the UN said.

Treasury Secretary Janet Yellen is urging China to use its “special relationship with Russia” to persuade Russia to end the war in Ukraine.

A Treasury Department official says the United States and its allies are pushing ahead with sanctions aimed at forcing Vladimir Putin to spend Russia’s money propping up its economy rather than sustaining its “war machine” for the fight in Ukraine.

Russia's deputy ambassador to the UN rejected the country's suspension from the UN Human Rights Council as "illegitimate and politically motivated", while the Chinese ambassador said the vote would "intensify confrontation in the field of human rights." The UN General Assembly has voted to suspend Russia from the UN Human Rights Council as punishment for the invasion of Ukraine.

Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions.

The prices of fuel and food are rising, and Deutsche Bank is projecting a recession in the U.S.

Treasury Secretary Janet Yellen cautioned Wednesday that Russia's attack on Ukraine could cause a major hit to the global economy.

Treasury Secretary Janet Yellen told a House panel that Russia’s actions in Eastern Europe “will have enormous economic repercussions in Ukraine and beyond.”.

Treasury Secretary Janet Yellen warned a House panel Wednesday that Russia’s aggression in Eastern Europe will have "enormous economic repercussions in Ukraine and beyond.” “Globally, spillovers from the crisis are heightening economic vulnerabilities in many countries that are already facing higher debt burdens and limited policy options as they recover from COVID-19," Yellen said in remarks prepared for delivery to the House Financial Services Committee. Yellen said Russia's invasion “including the atrocities committed against innocent Ukrainians in Bucha, are reprehensible, represent an unacceptable affront to the rules-based global order, and will have enormous economic repercussions for the world.”

Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance.

With inflation at a 40-year high, the price of gas is creating "a five-alarm fire at the White House," one reporter said.

WASHINGTON -- President Joe Biden's 2023 federal budget, released Monday, proposes tax hikes on the ultra-wealthy and corporations while providing billions of dollars in new spending at the Defense Department and the Justice Department. This is paid for, in part, by raising the corporate tax rate from 21% up to 28%, a rate favored by progressive Democrats but opposed by key moderates. Key spending items:Approximately $31 billion in new defense spending, which will bring the total national defense spending up to $813 billion. As part of that defense spending, $6.9 billion is directed to NATO, European defense, Ukraine and countering Russian aggression, according to the White House. Key revenue raisers:Raise the corporate tax rate from its current rate of 21% to 28%.

Treasury Secretary Janet Yellen spoke to CNBC's Andrew Ross Sorkin about the United States goals on both climate and national security.

Treasury Secretary Janet Yellen on Friday said that she does not believe the U.S. should impose sanctions on China as a partner to Russia.

Treasury Secretary Janet Yellen said Russian billionaire Roman Abramovich "could face sanctions," despite his claims of being a peace-broker between Ukraine and Russia. The article said the Treasury Department had prepared sanctions against Abramovich, but the White House National Security Council requested a delay. Secretary Yellen told CNBC Friday that Abramovich could still face sanctions. "I would hold open the possibility that — certainly not take off the table the possibility — he or other individuals could face sanctions in the future," she said. "I am not going to comment on the calculus about exactly what determines if he is or isn't sanctioned," Yellen said.

The group discussed ways to "mitigate price increases on American consumers" caused by the war and the need to address disruptions to energy and agricultural markets, the White House said.

Announcing tough sanctions against Russian oligarchs over the war in Ukraine was step one.

Higher prices are not going away any time soon. However, experts say there are steps you can take to protect your money.

Consumers could see the cost of food climb in addition to the spike in gas prices driven by the Russia-Ukraine crisis.

Treasury Secretary Yellen said that Americans are likely to see another year of "very uncomfortably high" inflation due to Russia's war in Ukraine.

U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies.

President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency.

President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.

Treasury Secretary Janet Yellen is spotlighting the Biden administration’s determination to strip Russian oligarchs of their wealth in response to Vladimir Putin’s invasion of Ukraine.

President Joe Biden has visited Wisconsin to promote one of his top accomplishments, a bipartisan infrastructure measure that will distribute billions of dollars to fix roads, bridges and other public works.

Germany’s vice chancellor is traveling to Washington for talks with U.S. officials that will focus on energy security and the need to ramp up renewable energy in the wake of Russia’s attack on Ukraine.

As the Biden administration prepares its response to Russia’s attack on Ukraine, U.S. Treasury Department officials and their counterparts in Europe are tasked with finding ways to make Russia’s economy pay a price.

Vacant high-ranking positions across the executive branch could be taking a toll on the Biden administration.

Eight lawmakers or their immediate family have traded cryptocurrency over the past year, with bets ranging as high as $100,000, a CNBC analysis found.

Chairman Sherrod Brown (D-OH) questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, September 28, 2021. Sen. Sherrod Brown, the chairman of the Senate Banking Committee, said Tuesday afternoon that the committee will delay its votes on five of President Joe Biden's nominees to the Federal Reserve. This is breaking news. Please check back for updates.

Contrary to the many speculations online, the Harriet Tubman $20 bill is on track to debut to the public in […] The post US Treasury confirms Harriet Tubman $20 bill is coming — but here’s why you’ll have to wait appeared first on TheGrio.

Millions of Americans who've never filed a tax return will need to do so this year to claim what's coming to them under the enhanced child tax credit.

Administration officials estimate $193 billion would go to 58 million eligible households that file taxes.

The Biden administration wants families with children to know that there is roughly $193 billion waiting for them — all they need to do is file their taxes to claim it.

The White House and U.

The economy is a top concern for many Americans as they feel the brunt of record-high inflation and supply chain snarls under President Biden.

Treasury Secretary Yellen defended the administration's economic achievements and said that she hopes to see inflation closer to 2% by the end of 2022.

Treasury Secretary Janet Yellen has told a gathering of America’s mayors the Biden administration’s coronavirus relief bill is “like a vaccine” preventing catastrophic economic damage.

The coronavirus pandemic has forced the World Economic Forum’s annual meeting of world leaders, business executives and other heavyweights to go virtual for the second year in a row.

The federal government last month posted its smallest monthly budget deficit in two years.

The coins are the first in the U.S. Mint's American Women Quarters Program.

The civil rights activist and writer is the first in a series of US women honoured on the US quarter.

The United States Mint says it has begun shipping quarters featuring the image of poet Maya Angelou.

The nation’s top financial regulators told Congress Friday that threats to financial stability remain elevated even though the country has recovered from the worst economic shocks stemming from the COVID pandemic.

President Joe Biden on Thursday signed a bill raising the nation's borrowing limit by $2.5 trillion.

President Joe Biden on Thursday signed a bill raising the nation's borrowing limit by $2.5 trillion.

President Joe Biden has signed a bill raising the nation’s borrowing limit by $2.5 trillion, avoiding a potentially catastrophic default and resolving the turbulent issue until after the 2022 midterm elections.

Congress has approved a $2.5 trillion debt limit hike, sending legislation to avert a catastrophic default to President Joe Biden for his signature.

Congressional Democrats plan to raise the debt ceiling on Tuesday, just before the deadline that could mark the first U.S. default.

House lawmakers introduced legislation Tuesday that would allow the Senate to raise the debt limit with a majority rather than 60 votes.

Treasury wants to enact a rule that would crack down on criminals that use shell companies to hide illegal funds behind opaque corporate structures.

The government will keep running through Feb. 18, buying Democrats time to address the debt ceiling and the Build Back Better Act.

The Bipartisan Policy Center updated its "X date" projections to fall between December 21 and January 28, 2022.

Fed Chair Jerome Powell's retirement of the term "transitory" could have a bleak effect on risk assets, according to Cole Smead of Smead Capital Management.

Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell return to Capitol Hill on Wednesday.

Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen testify Tuesday before the Senate banking committee.

Fed Chair Jerome Powell believes that the omicron variant of Covid-19 and a recent rise in coronavirus cases pose a threat to the U.S. economy.