Janet Yellen cheered the Bipartisan Infrastructure Law's investment in harbor deepening.
Still, U.S. and China need to work together on issues like climate change and debt relief.
Treasury Secretary Janet Yellen made a surprise visit to Ukraine and announced $1.25 billion in economic aid as the country's war with Russia goes into its second year.
The U.S. is undertaking "extraordinary" measures to avoid defaulting on its obligations after the country reached its debt limit on Thursday. Now, a big political fight looms.
The agreement would set a 15% minimum tax rate for companies around the world, but it would need to be passed by a closely divided Congress.
Prices are jumping as the economy rebounds from the pandemic, but the Biden Administration and the Federal Reserve say a return to 1970s-style inflation is unlikely.
Jerome Powell and Treasury Secretary Janet Yellen will tell Congress the economy is recovering but that more needs to be done to get to pre-pandemic levels
Janet Yellen was confirmed by the Senate to serve as Treasury secretary. She'll be the first woman to hold that post and will lead the Biden administration's efforts to address the pandemic recession.
At her confirmation hearing Tuesday, Treasury Secretary-designate Janet Yellen warned that without more federal help, the recession would last longer and be more painful than necessary.
Joe Biden plans to nominate the former Federal Reserve chair as his Treasury secretary. She would play a leading role in helping the economy recover from the pandemic.