Yellen urges world leaders to 'unlock' frozen Russian Central Bank assets and send them to Ukraine
Treasury Secretary Janet Yellen is offering her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraineโs long-term reconstruction.
Treasury rolls out residential real estate transparency rules to combat money laundering
The Biden administration wants to make residential real estate transactions more transparent โ by unmasking the owners of all-cash purchases as part of its ongoing effort to combat money laundering and the movement of dirty money through the American financial system.
Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts
Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administrationโs economic agenda and offer a reminder of the Trump administration tax cuts, which she says added to the deficit and did little to promote investment.
Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending
Treasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy โvindicatesโ Democratsโ decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021.
Taiwan's participation at APEC forum offers a rare chance to break China's bonds
Taiwan will take part in the Asia-Pacific Economic Cooperation forum in San Francisco this week, a rare opportunity for the self-governing island democracy of 23 million people and its high-tech economy to break the diplomatic embargo on it imposed by authoritarian China.
Yellen says her talks with Chinese finance chief laid groundwork for Biden's meeting with Xi
U.S. Treasury Secretary Janet Yellen says she and her Chinese counterpart have agreed to work toward a โhealthy economic relationship,โ during two days of talks that she said helped lay the groundwork for a productive meeting next week between President Joe Biden and Chinese President Xi Jinping.
San Francisco bidding to reverse image of a city in decline as host of APEC trade summit
World leaders, CEOS, protesters and thousands of others will soon descend on San Francisco for a high-profile trade summit that could give the battered city a chance to reverse its image as a powerhouse in decline.
The US sanctions more foreign firms in a bid to choke off Russia's supplies for its war in Ukraine
The United States has imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russiaโs access to tools and equipment that support its invasion of Ukraine.
Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned.
War sanctions against Russia highlight growing divisions among the Group of 20 countries
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.
Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved ties
Commerce Secretary Gina Raimondo is the latest member of President Joe Bidenโs Cabinet to visit China as his administration tries to mend the deteriorating ties between the worldโs two largest economies.
In India, G20 finance chiefs set to address global challenges like climate change and rising debt
Finance ministers from the Group of 20 nations meeting in India are set to address critical global economic challenges, including the threat posed by climate change and rising debt among low-income countries.
Kerry to visit Beijing for climate talks amid efforts to revive relations between US and China
U.S. Special Presidential Envoy for Climate John Kerry will travel to Beijing next week to discuss strategies for limiting global warming, amid a push by the world's two largest economies to reengage on multiple issues following a sharp decline in contacts.
Yellen says Washington might 'respond to unintended consequences' for China due to tech export curbs
Treasury Secretary Janet Yellen says Washington will listen to Chinese complaints about security-related curbs on U.S. technology exports and might โrespond to unintended consequencesโ as she ended a visit to Beijing aimed at reviving strained relations.
US Treasury chief Yellen and China's No. 2 aim for improved communication after trade disputes
U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang are expressing hopes for better communication as Yellen appeals to Beijing not to let frustration over U.S. curbs on technology exports disrupt economic cooperation.
China restricts exports of high-tech metals in a slap at Washington ahead of Yellen's visit
China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of Treasury Secretary Janet Yellenโs visit to Beijing this week.
SEC lawsuits against cryptocurrency companies raise questions about industry's future
Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the worldโs biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.
Debt default 'X-date' calculations aim to figure out when the US may run short of cash
For all the concern over when the government might run out of money to cover all its bills, it turns out that no one can be absolutely sure exactly when the country faces a potential default โ the dreaded โX-date.โ.
Just in case: Anxious retirees, social service groups among those making default contingency plans
Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines.
Deal or default? Biden, GOP must decide what's on the table
Before President Joe Biden and congressional leaders can even try to avert an unprecedented U.S. government default, their initial challenge on Tuesday will be to agree on what exactly theyโre talking about as they hold their first substantive meeting in months.