JANET YELLEN

The United States and its allies are hitting back at Russia’s annexation of four more Ukrainian regions, slapping sanctions on more than 1,000 Russian individuals and companies.

Tens of millions of small U.S. companies will soon be required to submit details on their owners and others who benefit from them.

Vice President Kamala Harris and Treasury Secretary Janet Yellen will host a forum to highlight how coronavirus pandemic relief dollars have helped support Black- and minority-owned businesses.

The Federal Reserve is cracking down hard on inflation, in hopes of avoiding a repeat of the 1970s, when price hikes were so sustained, they got baked in to people's thinking.

Yellen says the Biden administration is emphasizing action on climate change to make a more resilient American economy. What does that look like for the future of infrastructure and spending?

Treasury Secretary Janet Yellen is warning of economic calamity if climate change is not addressed with immediate government intervention.

The new incentives put the nation on a "strong course" toward substantially cutting greenhouse gas emissions by the end of the decade, Yellen will say.

U.S. Sen. Raphael Warnock is urging the U.S. Treasury secretary to use “flexibility” in defining how automakers and consumers qualify for a revised tax credit for Americans buying electric vehicles.

Treasury Secretary Janet Yellen heads to the Durham, North Carolina, area next Tuesday as part of her ongoing national tour to promote the Biden administration’s legislative agenda ahead of midterm elections.

The U.S. government has imposed sanctions on Iran’s morality police after the death in custody of a woman who'd been accused of wearing her Islamic headgear too loosely.

On the same day the Federal Reserve gave a sobering report on the U.S. economy’s trajectory, administration officials highlighted how they have kept some of the nation’s smallest businesses afloat through the pandemic.

The Atlantic Council nonpartisan think tank says many other countries already are exploring or have created a central bank digital currency.

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar.

Tax agency has been plagued by understaffing and poor customer service, with many taxpayer calls going unanswered.

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges.

President Joe Biden is set to sign an executive order that aims to sharpen the national security considerations taken in the federal government’s review process for foreign investment in the United States.

Inflation "obviously is of tremendous concern to Americans," the treasury secretary told CBS News chief White House correspondent Nancy Cordes in an interview.

Mohegan Chief Marilynn “Lynn” Malerba was sworn in Monday, becoming the nation’s first Native American to serve as U.S. Treasurer.

In recent speeches, President Joe Biden has stopped talking so much about inflation worries.

The initially robust economic revival is close to exhaustion. Thankfully, at least one senior central banker is be paying attention.

On \"Real Time,\" Bill Maher spent the bulk of his monologue telling jokes about the big news from the United Kingdom.

Treasury Secretary Janet Yellen promoted the Biden administration's key economic policies in Detroit on Thursday

Shaking hands with CEOs could help counter Biden's low approval ratings on the economy ahead of the 2022 midterm elections.

The Biden administration has officially undone a Trump-era rule that prohibited immigrants from gaining legal residency if they had utilized certain government benefits. The new change allows for a return to a previous policy with a narrower scope.

Treasury Secretary Janet Yellen has pressed the case for Democratic economic policies during a visit to Ford’s Rouge electric vehicle assembly plant in election-year battleground Michigan.

The news is filled with stories about investigations into former President Donald Trump and the fallout over the Supreme Court's ruling on abortion.

Finance ministers from the Group of Seven industrial powers have pledged to put in place a system designed to cap Russia’s income from oil sales, an idea the nations’ leaders had promised to explore in June.

Treasury Secretary Janet Yellen is warning that a failure to place a price cap on Russian oil would hurt the global economy.

A House oversight subcommittee wants regulators and industry leaders to explain what they are doing to stop cryptocurrency fraud and other scams perpetrated on consumers.

The Treasury Department faces pushback from the cryptocurrency industry over sanctions imposed on a virtual currency mixing firm.

The Internal Revenue Service says it is conducting a comprehensive review of safety at its facilities.

The Internal Revenue Service says it is conducting a comprehensive review of safety at its facilities.

Treasury Secretary Janet Yellen has outlined four priorities for the $80 billion in IRS funding and requested a plan within six months.

Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.

Now that President Joe Biden signed Democrats' expansive climate, tax and health care bill into law, Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will overhaul its technology, customer service and hiring processes. In part, the improvements are meant to “end the two-tiered tax system, where most Americans pay what they owe, but those at the top of the distribution often do not," Yellen said in a Tuesday memo to IRS Commissioner Chuck Rettig, whose term ends in three months. Yellen has called for the IRS to “fully resolve the inventory backlog and make significant improvements in taxpayer services," “to overhaul an information technology system that is decades out of date” and invest and train employees “so they can identify the most complex evasion schemes by those at the top."

Now that the IRS is set to receive nearly $80 billion through the “Inflation Reduction Act,” the agency has the means to develop new systems.

The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system.

After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress.

A new round of U.S. sanctions targeting Russian elites includes a woman named in news reports as Vladimir Putin’s longtime romantic partner.

The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio.

An editing battle over its "recession" entry prompted Wikipedia to put a temporarily lock on revisions. The entry was changed to a definition of recession that aligned with President Biden's stance.

The Las Vegas Valley saw widespread flooding after severe thunderstorms, leaving multiple casinos on the Las Vegas Strip with water damage.

The Treasury secretary has had to navigate White House infighting while battling the sharpest rise in prices in 40 years.

President Joe Biden and his administration are going all out to play down a sobering new economic report.

Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth.

Treasury Secretary Janet Yellen speaks at a news conference on Thursday afternoon, following the release of second-quarter GDP data.

GDP, or gross domestic product, tells us how much the economy grew in the previous quarter. There's fears that the economy contracted for a second quarter in a row.

The rate is one of several key pieces of economic data expected to be released this week.

The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.

President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession.

Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.

Asian stock markets have followed Wall Street lower as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation.

Reports will be released this week that will shed light on an economy currently besieged by rampant inflation and threatened by higher interest rates.

"We've got a very strong labor market," Treasury Secretary Janet Yellen said. "This is not an economy that's in recession."

"We've got a very strong labor market," Treasury Secretary Janet Yellen said. "This is not an economy that's in recession."

Asian stock markets are higher as investors brace for another sharp interest rate hike by the Federal Reserve to cool inflation.

Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession.

Political challenges at home are making it tough for President Joe Biden to fulfill his promises to the rest of the world.

Democrats are pushing the IRS to create its own free tax filing system, including a return-free option. But some tax professionals are skeptical.

Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S.

NPR's Steve Inskeep talks to Yellen about inflation, efforts to choke off much of the Russia profit from oil sales and her push for a global minimum corporate tax so firms can't shop for lower rates.

The term draws on the concepts of "onshoring" and "nearshoring," which refer to the transferring of supply chains back home or closer to home.

Treasury Secretary Janet Yellen says the U.S. and South Korea should deepen their trade ties to avoid letting other countries use their market positions to unfair advantage.

Financial leaders of the Group of 20 richest and biggest economies agreed on the need to jointly tackle global ills such as inflation and food crises, but failed to bridge differences over the war in Ukraine.

Demand is outpacing supply, which has been disrupted, and a price ceiling will not resolve that, Indonesian Finance Minister Sri Mulyani Indrawati said.

Speaking to CNBC's "Squawk Box Asia" on Friday, OECD's secretary-general said that Russia's war on Ukraine has imposed "a heavy burden on the world."

Top financial officials from the Group of 20 leading rich and developing nations are meeting on the Indonesian island of Bali seeking strategies to counter the repercussions from the war in Ukraine, inflation and other global crises.

"The last time we saw what we call 'wolverine inflation' ... was when 75 million baby boomers replaced 44 million silent generation people in the 1970s," Smead said.

As the cost of living soars, one lawmaker is urging the U.S. Department of the Treasury to remove the barriers to buying Series I bonds.

U.S. Treasury Secretary Janet Yellen has urged leaders of major economies to work together in countering the impact from Russia's invasion of Ukraine.

BALI, Indonesia — U.S. Treasury Secretary Janet Yellen has warned that inflation in the U.S. is "unacceptably high" and said bringing down rising prices will be Washington's "top priority." Data released on Wednesday showed U.S. consumer inflation rose to 9.1%, the highest level since 1981. "We're first and foremost supportive of the Fed's efforts; what they deem to be necessary to get inflation under control," she said at a press conference in Bali ahead of the Group of 20 finance ministers' meeting. "Beyond that, we are taking our own steps which we believe will be supportive in the short term to get inflation down — particularly what we're doing on energy prices and the Strategic Petroleum Reserve." "And also the work that we're doing to institute the price cap on Russian oil and to avoid potential future spikes in oil prices."

A cap on Russian oil prices will be crucial to help bring down inflation as U.S. consumer inflation soared to a 40-year high, Treasury Secretary Janet Yellen said.

Senate Democrat lawmakers say that the impact of the U.S. Supreme Court decision to overturn Roe v. Wade is "barbaric" and puts women at risk of not getting the health care they need. (July 13)

Ukraine is getting an additional $1.7 billion in assistance from the U.S. government and the World Bank.

U.S. Treasury Secretary Janet Yellen and Japan's finance minister have agreed to cooperate in dealing with challenges from the war in Ukraine and promoting free trade, sustainable energy and food security.

The plunge in prices for Bitcoin and other cryptocurrencies provides a cautionary tale for the handful of public pension funds that have dipped their toes into the crypto pool.

Treasury Secretary Janet Yellen will travel to Asia this month, her first trip to the Indo-Pacific since becoming head of the agency.

Asian shares are mostly lower after tepid trading on Wall Street amid worries about a global recession.

Foreign ministers from the world’s largest nations are looking to address Russia's war in Ukraine and its impact on global energy and food security when they meet in Indonesia this week.

A resurgence in COVID-19 infections is also looming, bringing the threat of a reversion to pandemic precautions.

Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.

The Chinese government says its envoy to trade war talks with Washington has expressed concern about U.S. tariffs on Chinese imports during a phone call with Treasury Secretary Janet Yellen.

Asian shares have advanced across the board as buying sets in after the lull of a U.S. national holiday.

China's Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a virtual call about macroeconomic issues, according to statements from both sides.

The G-7's pursuit of a price ceiling on Russian oil is not without its challenges, with energy analysts highly skeptical about the integrity of the proposal.

The Treasury Department has blocked a $1 billion Delaware-based trust connected to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov.

The nation’s first Native American U.S. treasurer comes from a line of chiefs who instilled the importance of keeping her tribe healthy and “leaving footprints” to follow for those who come behind.

A multinational task force designed to seize Russian oligarchs' wealth has blocked and frozen $30 billion in sanctioned individuals’ property and funds in its first 100 days.

The Treasury Department on Tuesday announced that the U.S. and a handful of key economic allies will prohibit imports of Russian gold.

The Supreme Court’s decision to overturn national protections for abortion has set off a contest between Democratic and Republican lawmakers over whose policies would do more to help vulnerable mothers and children.

Russia has defaulted on foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system amid its war in Ukraine.

Putin has already shown that the country’s economy is of secondary importance to his imperialist ambitions.

President Joe Biden and Western allies at a three-day summit in the Bavarian Alps say they're intent on keeping economic fallout from the war in Ukraine from fracturing the global coalition working to punish Russia’s aggression.

Since the US and its allies decided to stop buying Russia’s oil, there’s been little sign that the measure is inflicting the kind of pain that might force President Vladimir Putin to rethink his war in Ukraine. Plenty of other countries are still buying Russian crude, and a surge in prices has softened the blow from the sanctions by bringing Moscow enough revenue to stave off economic collapse. So the US is pushing a new idea: make Russia sell its oil so cheaply that it can no longer afford to w

Over the past few years, the world has experienced an escalating series of trade disruptions -- the US-China trade war, the Covid-19 pandemic and the supply-chain disruptions it caused, Russia’s invasion of Ukraine and the dueling sanctions and export controls that followed. Their cumulative impact has called into question the vision of a globalized economy. In response, some US officials are pushing “friend-shoring” -- a happy-sounding label for a world divided between free-market democracies a

Over the past few years, the world has experienced an escalating series of trade disruptions -- the US-China trade war, the Covid-19 pandemic and the supply-chain disruptions it caused, Russia’s invasion of Ukraine and the dueling sanctions and export controls that followed. Their cumulative impact has called into question the vision of a globalized economy. In response, some US officials are pushing “friend-shoring” -- a happy-sounding label for a world divided between free-market democracies a

With gas prices around the country at historic highs, lawmakers are considering giving drivers a break on federal gas taxes.

As treasurer of the United States, Malerba's signature will be on U.S. currency.

A Native American is being appointed U.S. treasurer, a historic first.

"The quicker you move, the more agency you have in reducing the impact of a recession," one expert says.