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  • BREAKING NEWS

10 News @ 5:30

Watch 10 News for the latest local, statewide and national news, as well as the forecast from Your Local Weather Authority.

14 students, 1 teacher and shooter dead after shooting at Texas elementary school

A gunman opened fire at a Texas elementary school on Tuesday, killing 14 students and one teacher, according to Gov. Greg Abbott.

2 hours ago

FBI alleges ISIS operative plotted to assassinate George W. Bush, per NBC

The FBI is alleging that an ISIS operative in the United States plotted to assassinate George W. Bush, NBC reports.

3 hours ago

Health department warns of possible hepatitis A exposure at Tuco’s in Roanoke

The health department is warning of a possible hepatitis A exposure at Tuco’s Taqueria Garaje in Roanoke.

3 hours ago

Lynchburg police officer charged with assault, trespassing

A Lynchburg police officer was charged with assault and battery as well as trespassing after an incident last week, according to police.

A flood warning in effect for Giles and Pulaski Counties

See the complete list

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10 News @ 5:30

14 students, 1 teacher and shooter dead after shooting at Texas elementary school

FBI alleges ISIS operative plotted to assassinate George W. Bush, per NBC

Health department warns of possible hepatitis A exposure at Tuco’s in Roanoke

Lynchburg police officer charged with assault, trespassing

A flood warning in effect for Giles and Pulaski Counties

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2 hours ago

US to end Russia's ability to pay international investors

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.

5 hours ago

Slumping technology stocks pull Wall Street lower

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

1 day ago

Maryland's Sen. Van Hollen returns home after minor stroke

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

2 days ago

Biden pushes economic, security aims as he ends SKorea visit

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

Yellen's global tax plan meets resistance abroad and at home

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.

Inflation, Russia-Ukraine war draw G7 finance leaders' focus

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.”.

Biden's burdens grow: Sagging global economy adds to US woes

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.

Yellen: Ukraine war fallout threatens 'stagflation,' hunger

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.

G-7 to unveil major Ukraine aid plan to help offset costs of Russia’s invasion

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.

washingtonpost.com
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Yellen warns Europeans about working with China, urges unity

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.

Yellen meets war refugees in Poland, pushes food crisis plan

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.

Maryland's Sen. Chris Van Hollen treated for minor stroke

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

Bitcoin tumbles, a stablecoin plunges in wild week in crypto

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

Regulators are growing anxious about stablecoins after Terra’s stunning collapse

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

cnbc.com

Crypto meltdown prompts Yellen to call for new regulation

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.

Staking, Bridges, WAGMI and More: a Crypto Glossary

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.

washingtonpost.com

Coinbase reels as cryptocurrency prices slump

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

cbsnews.com

Coinbase reels as cryptocurrency prices slump

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

cbsnews.com
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Yellen Is Right About the Costs of Overturning Roe

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

washingtonpost.com

Crypto comes to Washington. Will the millions buy influence?

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

Coinbase loses half its value in a week as crypto slumps

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

Bill Gates sees a 'pretty strong argument' for a global economic slowdown hitting this year — here's why

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.

cnbc.com

Yellen trip to Capitol detours into tense abortion debate

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.

Yellen says financial system working well despite 'potential for continued volatility'

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

cnbc.com

Fed moves to raise interest rate by half a percentage point at May meeting

It's the largest hike since 2000.

cbsnews.com

Bill to improve federal benefits for the elderly, blind and disabled may herald broader reform, Sen. Sherrod Brown says

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.

cnbc.com

EXPLAINER: Why US needs a law to sell off oligarchs' assets

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.

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Yellen says more shocks likely to 'challenge the economy'

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

Biden seeks $33B for Ukraine, signaling long-term commitment

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

Sanctions hit Russian economy, although Putin says otherwise

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

Russia's standing in G-20 not threatened by Ukraine invasion

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

Looking to deepen pain for Putin, West studying oil and gas

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

Stocks stumble 2.8% as worries about interest rates worsen

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.

Yellen weighs costs of war on Russia's frozen assets

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.

Janet Yellen and other finance ministers walk out of G20 meeting as Russia speaks

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

npr.org

Cryptocurrency miner in latest Russian sanctions targets

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.

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The latest U.S. sanctions against Russia target a digital currency company, a bank and another oligarch

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.

cnbc.com

Treasury Secretary Janet Yellen leads US walkout after Russian officials begin speaking at G-20 meeting: report

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

news.yahoo.com

Global finance meeting focuses on war-driven food insecurity

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.

npr.org

Finance heads urged to boost fight against food insecurity

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.

Yellen to see Ukraine PM, avoid Russians at global meetings

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.

U.S. Treasury Secretary Yellen to meet with top finance ministers to address global food crisis

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

cnbc.com

China rejects 'pressure or coercion' over Russia relations

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

Russia's war in Ukraine threatens to hurt billions, UN warns, as food and energy prices soar

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.

cnbc.com

Yellen says China should urge Russia to end its Ukraine war

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

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US, allies aim to force Russia to shift money away from war

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 rejects suspension from UN rights council as 'illegitimate'

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.

news.yahoo.com

Yellen calls for crypto regulation to reduce risks, fraud

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.

Russian invasion will have "enormous economic repercussions," says Treasury Secretary Janet Yellen

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

cbsnews.com

Yellen warns that war in Ukraine will have 'enormous' global economic impact

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

cnbc.com

Yellen: Russia invasion will have 'enormous repercussions'

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

Yellen: Russia invasion will have 'enormous repercussions'

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.”

news.yahoo.com

Watch Treasury Secretary Janet Yellen speak live on the global financial system

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

cnbc.com

White House exploring ways to lower gas prices

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

cbsnews.com
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Biden's 2023 budget would hike taxes on the ultra-rich and corporations, boost defense and police spending

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%.

cnbc.com

Treasury Secretary Yellen: The U.S. should have moved faster toward renewable energy

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

cnbc.com

Treasury Secretary Yellen sees no need for China sanctions as U.S. tries to deter aid to Russia

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.

cnbc.com

Treasury Secretary Yellen says Russian oligarch Abramovich 'could face sanctions' by U.S.

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.

cnbc.com

Here are the CEOs who were briefed by the White House on the war in Ukraine

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.

npr.org

US works to 'seize and freeze' wealth of Russian oligarchs

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

How Americans can cut costs and save amid the pain of record inflation

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

cnbc.com

Americans will likely see "uncomfortably high" inflation this year, Treasury Secretary Janet Yellen says

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

cbsnews.com

Treasury Secretary Janet Yellen says Americans will likely see another year of 'very uncomfortably high' inflation

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

cnbc.com
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From digital dollar to tackling illegal activity: Here's what's in Biden's executive order on crypto

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

cnbc.com

Biden signs order on cryptocurrency as its use explodes

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.

AP sources: Biden to issue executive order on cryptocurrency

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.

Yellen: US to 'freeze, seize' wealth of Russian oligarchs

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.

Biden, Cabinet fan out around nation to sell domestic agenda

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.

German envoy to raise energy security, climate on US visit

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.

Tough sanctions loom against Russia, effectiveness uncertain

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.

Biden agency vacancies to drag on White House priorities

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

Some lawmakers and their families are betting thousands of dollars on crypto

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.

cnbc.com
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Vote on Biden Fed picks delayed as GOP presses for answers on Raskin's ties to firm

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.

cnbc.com

US Treasury confirms Harriet Tubman $20 bill is coming — but here’s why you’ll have to wait

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.

news.yahoo.com

EXPLAINER: How to get up to $3,600 per child in tax credit

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.

White House: File Your Taxes To Get Full Child Tax Credit

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

newsy.com

Money on the table: child credit $ available via tax returns

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.

EXPLAINER: Why US sanctions may target individual Russians

The White House and U.

State Of The U.S. Economy One Year Into The Biden Administration

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.

newsy.com

Yellen defends Biden's economic record, says she sees path to slower inflation

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.

cnbc.com

Yellen: Biden pandemic relief 'like a vaccine' for economy

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.

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COVID, China, climate: Online Davos event tackles big themes

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.

US posted smallest monthly deficit in 2 years in December

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

Poet Maya Angelou Is First Black Woman On U.S. Quarter

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

newsy.com

Maya Angelou: Poet is first black woman on US quarter

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

bbc.co.uk

US Mint begins shipping quarters honoring Maya Angelou

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

Regulators: threats to US financial system remain elevated

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 Biden Signs $2.5 Trillion Debt Ceiling Bill

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

www1.newsy.com

President Biden Signs $2.5 Trillion Debt Ceiling Bill

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

newsy.com

Biden signs bill hiking US 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.

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Congress sends Biden $2.5T debt limit hike, avoiding default

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

Democrats will move to raise the debt ceiling hours before deadline

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

cnbc.com

Lawmakers inch closer to debt ceiling solution

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

cbsnews.com

Treasury wants to crack down on shell companies, corruption with new rule

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

cnbc.com

Biden signs bill to prevent shutdown as Congress turns to debt ceiling, social spending bill

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

cnbc.com

U.S. could be unable to pay its bills in weeks as debt limit approaches

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

cbsnews.com

Fed's inflation pivot could be catastrophic for stocks, fund manager says

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.

cnbc.com

Watch Fed Chair Powell and Treasury Secretary Yellen testify live before House Covid panel

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

cnbc.com

Watch Yellen and Powell testify live before Senate Covid panel

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

cnbc.com

Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture

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.

cnbc.com
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