Investors are still spooked after UBS bought its Swiss peer, with confidence in the banking sector in short supply.
Tag Archives: Yellen, Janet L
Yellen Says U.S. Banking System ‘Remains Sound’ Amid Market Turmoil
The Treasury secretary also reassured Americans that their savings were safe.
How Washington Decided to Rescue Silicon Valley Bank
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.
A New Bank Panic?
It’s a day of uncertainty for the U.S. economy.
Yellen Says Regulators at Work to Contain Fallout From Silicon Valley Bank Collapse
The Treasury secretary’s comments on Sunday morning sought to assure the public that the overall banking sector was safe.
How Biden Is Seeking to Reshape Business via the CHIPS Act
Big strings are attached to funding for chip makers, meant to bolster Democratic priorities including child care for workers and discouragement of stock buybacks.
Biden Dispatches Yellen and Blinken to Bolster Support for Ukraine
Treasury Secretary Janet Yellen traveled to Kyiv the day before Secretary of State Antony Blinken was to visit Central Asia in a show of American solidarity with Ukraine in its battle with Russia.
War in Ukraine Deepens Divide Among Major Economies at G20 Gathering
Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid to Kyiv.
Yellen Confronts Russian Officials at G20 Meeting
In a private session, Treasury Secretary Janet L. Yellen said the Russians were “complicit in Putin’s atrocities,” according to remarks shared by a U.S. official.
U.S. Picks Ajay Banga to Lead World Bank
President Biden tapped the former Mastercard chief executive to run an organization that found itself mired in controversy after comments by the current president about climate change.
Yellen Calls for More Ukraine Support as G20 Finance Ministers Gather
The Treasury secretary offered a dark assessment of Russia’s economy but a more upbeat outlook for the global economic recovery.
U.S. Could Default on Debt as Early as Summer, New Estimate Says
The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit.
U.S. Could Default on Its Debt Between July and September, C.B.O. Says
The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S. could run out of cash before July.
A Big Breakup at the Federal Trade Commission
A second Republican commissioner has resigned as the agency gears up for a big showdown on noncompete agreements and the Microsoft-Activision merger.
Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
You Can Let Republicans Destroy the Economy or You Can Call Their Bluff
The Fourteenth Amendment offers a blueprint for tearing down the debt ceiling.
The U.S. Hit Its Debt Limit. What Happens Next?
The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.
America Set to Hit Its Borrowing Limit Today, Raising Economic Fears
The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan warfare.
How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans
A default is likely to rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
U.S. Will Hit Debt Limit on Thursday, Yellen Tells Congress
The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations before what is expected to be a big fight to raise the borrowing cap.
U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress
The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
Comer Asks Treasury for Biden Family Financial Records as G.O.P. Inquiries Begin
With Republicans in control of the House, they have begun to unleash the cascade of investigations of the Biden administration that they have long promised.
Does American Society Need Abortion?
Is nothing else so important as to continue ensuring that thousands of unborn lives can be ended in utero every year?
Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions
The president’s “Made in America” plan has drawn accusations of protectionism from Europe as the United States tries to keep its Western allies aligned against Russia.
Here are the Top Questions for Today’s DealBook Summit Speakers
Andrew will interview Janet Yellen, Volodymyr Zelensky, Mark Zuckerberg, Andy Jassy, Ben Affleck and many more.
World Leaders Meet as Global Economy Faces Multiple Threats
High inflation, food insecurity and a possible global recession loom large as the Group of 20 summit discussions begin.
Yellen Encourages Vaccinations in China as Covid Restrictions Slow Growth
With China’s strict pandemic policies stalling the economy at home and globally, Treasury Secretary Janet Yellen said American mRNA vaccines are at the ready.
Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20
The Treasury secretary said in an interview that the United States was not trying to “paralyze China’s economy and stop its development.”
Biden to Nominate Former Obama and Bush Official to Lead IRS Overhaul
If confirmed by the Senate, Daniel Werfel will oversee an $80 billion revamp of the tax agency.
Federal Budget Deficit Fell to $1.4 Trillion as Pandemic Spending Eased
The gap between what the government borrows and what it spends narrowed amid less spending and higher tax receipts.
Could a Market Blowout Like the UK’s Happen in the US?
Federal Reserve and White House officials spent last week quizzing investors and economists about the risks of a British-style meltdown at home.
After UK Market Blowout, American Officials Ask: Could It Happen Here?
Federal Reserve and White House officials spent last week quizzing investors and economists about the risks of a British-style meltdown at home.
Twitter Wants Assurances from Musk as Takeover Talks Resume
Elon Musk is back at the negotiating table. This time Twitter wants guarantees he won’t walk away – again.
E.U. Negotiators Strike Deal on Russian Oil Price Cap
The cap, championed by the United States, would deprive the Kremlin of tens of billions of dollars annually. Experts warn that implementation will be difficult.
Price Cap on Russian Oil Wins Backing of G7 Ministers
The proposal aims to stabilize unsettled energy markets in the wake of Russia’s invasion of Ukraine. But it faces considerable obstacles.
How a New Corporate Minimum Tax Could Reshape Business Investments
With a new corporate minimum tax, Democrats would be adding complexity to an already byzantine tax system.
U.S. Bid to Cap Russian Oil Prices Draws Skepticism Over Enforcement
The maritime insurance industry says policing oil transactions is not workable, raising questions about enforcement of a buyers’ cartel.
Treasury Secretary Yellen said the U.S. economy was transitioning to ‘steady, sustainable’ growth.
How Joe Manchin Left a Global Tax Deal in Limbo
Treasury Secretary Janet L. Yellen’s signature achievement is in jeopardy if the United States cannot ratify the tax agreement that she brokered.
Biden Seeks Price Cap on Russian Oil Amid Fears of Gas Shock
Negotiating and selling the plan is a crucial task facing Treasury Secretary Janet L. Yellen as she travels to Asia in hopes of averting $7 a gallon gasoline
U.S. Urges New Tactic to Curb Putin’s War Machine and Lower Fuel Prices
Group of 7 leaders meeting in Germany were receptive to a Biden administration plan to cap the price of Russian oil in world markets, limiting Kremlin revenue.
Ukraine War’s Latest Victim? The Fight Against Climate Change.
As leaders of the Group of 7 gather in Germany, the scramble to replace Russian fossil fuels is raising concerns that hard-won climate targets will be missed.
Tether: The Coin That Could Wreck Crypto
As cryptocurrencies have plunged, attention has focused on a potential point of vulnerability: the market’s reliance on a so-called stablecoin called Tether.
Russia’s Oil Revenue Soars Despite Sanctions, Study Finds
Rising oil prices more than offset a decline in export volumes during the first 100 days of the assault on Ukraine.
Persistent Inflation Puts Yellen in the Spotlight
The Treasury secretary’s recent comments about rising prices have put the Biden administration on the defensive.
Seizing Russian Assets to Help Ukraine Sets Off White House Debate
Some European officials want to use more than $300 billion in Russian central bank assets to rebuild Ukraine. But Biden administration officials warn that diverting those funds could be illegal.
Yellen Calls on Europe to Boost Ukraine Aid
The Treasury secretary warned that Ukraine did not have enough funding to sustain its government and fend off Russia.
Treasury Secretary Yellen Looks to Get Global Tax Deal Back on Track
The Treasury secretary is traveling to Warsaw, Brussels and Bonn, Germany, this week at an uncertain time for the global economy.