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News Articles: Treasury Secretary Janet Yellen

U.S. Treasury Secretary Janet Yellen, left, meets Chinese Premier Li Qiang at the Great Hall of the People in Beijing, China, Sunday, April 7, 2024. Yellen, who arrived in Beijing after starting her five-day visit in one of China's major industrial and export hubs, said the talks would create a structure to exchange views and try to address U.S. concerns about manufacturing overcapacity in China.

Tagged as: 

  • World

Yellen says U.S.-China relationship on 'more stable footing' but more can be done

U.S. Treasury Secretary Janet Yellen met Sunday in Beijing with Chinese Premier Li Qiang and sent a message of mutual cooperation despite the nations' differences.

April 08, 2024
|
By:
  • GPB Newsroom
Treasury Secretary Janet Yellen testifies before the House Financial Services Committee on Capitol Hill in Washington, D.C., on June 13, 2023. Yellen is traveling to China amid tensions over a number of issues including Taiwan.

Tagged as: 

  • Economy

Janet Yellen heads to China, seeking to ease tensions between the two economic powers

Treasury Secretary Janet Yellen is on her way to Beijing for talks with her Chinese counterparts. The meeting comes at a tense time, with tit-for-tat trade restrictions and rising strategic frictions.

July 06, 2023
|
By:
  • Scott Horsley
President Biden talks to reporters as he departs the White House for the Memorial Day holiday weekend.

Tagged as: 

  • Politics

Biden says debt ceiling deal 'very close.' Here's why it remains elusive

The Treasury estimates the country could default on its loans early next month. But negotiators are still hashing out key provisions like whether to expand work requirements for federal assistance.

May 27, 2023
|
By:
  • Ximena Bustillo and
  • Franco Ordoñez
Treasury Secretary Janet Yellen listens during an open session of the Financial Stability Oversight Council meeting at the Department of the Treasury in Washington, D.C., on April 21, 2023. Yellen said on Friday Congress would need to raise the debt ceiling by June 5 or the country could run out of cash to pay its bills.

Tagged as: 

  • Economy

Yellen sets new deadline for Congress to raise the debt ceiling: June 5

Treasury Secretary Janet Yellen says unless lawmakers raise the debt ceiling by June 5, the government won't have enough money to pay all of its bills.

May 26, 2023
|
By:
  • Scott Horsley
A U.S. debt default would lead to a slump in stock and bond markets, while eroding the U.S.' financial standing in the world, analysts say.

Tagged as: 

  • Business

Here's what could happen in markets if the U.S. defaults. Hint: It won't be pretty

Investors are still hopeful that lawmakers will clinch a deal to raise or suspend the debt ceiling. That's because failure to do so could have devastating consequences in markets.

May 22, 2023
|
By:
  • David Gura
Treasury Secretary Janet Yellen leaves a meeting on April 21. She warns that economic chaos will ensue if Congress doesn't raise the debt ceiling in the coming weeks.

Tagged as: 

  • Politics

Yellen warns of 'calamity' unless Congress raises the debt limit. What's the holdup?

The treasury secretary warns that the U.S. could default on its debt by June 1, with disastrous economic consequences. GOP Rep. Dusty Johnson explains why Republicans insist on adding conditions.

May 08, 2023
|
By:
  • Rachel Treisman
Treasury Secretary Janet Yellen, seen here on April 13, warned on Monday that the federal government could default on its debt as early as June 1 unless Congress raises or suspends the debt ceiling.

Tagged as: 

  • Politics

The U.S. could run out of cash to pay its bills by June 1, Yellen warns Congress

Treasury Secretary Janet Yellen warned lawmakers that unless the debt ceiling is raised soon, the federal government may not have enough money to pay its bills as early as June 1.

May 02, 2023
|
By:
  • Scott Horsley
Treasury Secretary Janet Yellen said that depositors at small banks could be eligible for the same kind of protection extended to customers at two regional banks that failed this month. Yellen made the remarks at a speech she delivered to the American Bankers Association on March 21, 2023.

Tagged as: 

  • Economy

Janet Yellen says the U.S. is ready to protect depositors at small banks if required

The Treasury Secretary said the administration is committed to protecting the U.S. banking system and customers who trust their money to it.

March 21, 2023
|
By:
  • Scott Horsley
Traders work on the floor of the New York Stock Exchange.

Tagged as: 

  • Business

It's been a vicious 6 months for stocks. Here's what the grim markets are signaling

All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.

June 30, 2022
|
By:
  • David Gura
Marilynn Malerba stands next to a photograph of late Chief Ralph Sturges at tribal offices in Uncasville, Conn., on March 4, 2010. On Wednesday, President Biden announced his intent to appoint her U.S. treasurer in a historic first.

Tagged as: 

  • Politics

Marilynn Malerba could soon be the first Native American to serve as U.S. treasurer

Malerba, the lifetime chief of the Mohegan Indian Tribe, would be the first Native woman to have her signature on U.S. currency. She'd also lead the Treasury's new Office of Tribal and Native Affairs.

June 22, 2022
|
By:
  • Rachel Treisman
Treasury Secretary Janet Yellen testifies before a Senate Banking, Housing and Urban Affairs Committee hearing last month.

Tagged as: 

  • Economy

Treasury Secretary Janet Yellen says she was wrong about the risks of inflation

Treasury Secretary Janet Yellen tells CNN she was wrong about the trajectory of inflation during interviews a year ago.

June 01, 2022
|
By:
  • Ximena Bustillo
Treasury Secretary Janet Yellen pauses while speaking at the Atlantic Council in Washington, D.C., on April 13. Yellen and other finance ministers walked out of a G20 session on Wednesday as Russian officials were speaking.

Tagged as: 

  • World

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.

April 20, 2022
|
By:
  • Scott Horsley
Treasury Secretary Janet Yellen speaks to the press during the COP26 U.N. Climate Summit in Glasgow, Scotland, on Wednesday. In an interview with NPR's <em>Morning Edition</em>, Yellen said she expects inflation will moderate by next year. She also called on the private sector to do more to fight climate change.

Tagged as: 

  • Economy

Treasury Secretary Janet Yellen says she's confident inflation will ease next year

Treasury Secretary Janet Yellen says she expects inflation pressures to ease in the latter half of next year. Yellen spoke to NPR from Scotland, where she's attending climate meetings.

November 03, 2021
|
By:
  • Scott Horsley and
  • Noel King
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell appear before the Senate Banking, Housing and Urban Affairs Committee on Tuesday.

Tagged as: 

  • Economy

Janet Yellen Says U.S. Could Run Out Of Cash To Pay Its Bills In Less Than 3 Weeks

Treasury Secretary Janet Yellen warned lawmakers the government could run out of money by Oct. 18 unless Congress raises the debt ceiling.

September 28, 2021
|
By:
  • Scott Horsley
A sign for the China Evergrande Centre, the Hong Kong home for China Evergrande Group, is shown last week. Fears of a debt default at the property developer sparked a global stock market sell-off on Monday.

Tagged as: 

  • Business

A Chinese Real Estate Company Is Walloping Your Stocks. Here's Why

The Dow Jones slumped over 600 points as financial troubles at property developer China Evergrande Group became the latest in a growing list of concerns for Wall Street.

September 21, 2021
|
By:
  • David Gura
  • Load More

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