President Joe Biden ‘optimistic’ on resolving debt ceiling impasse
1/3 President Joe Biden said he remains optimistic that leaders can reach an agreement on the debt ceiling. The Congressional Budget Office said it anticipates…
Foreign Affairs Committee chairman says he doubts U.S. debt default coming June 1
House Foreign Affairs Committee Chairman Rep. Michael McCaul (R, 2021) said Sunday he does not think the United States will default on its debt next…
U.S. default would undermine world economy, says Yellen
While in Niigata, Japan, for the G7 Finance Ministers and Central Bank Governors' Meeting, U.S. Treasury Secretary Janet Yellen reiterated warnings Thursday against Congress defaulting…
Yellen warns of ‘catastrophe’ if Congress fails to raise debt ceiling
Treasury Secretary Janet Yellen on Sunday warned the United States would face "catastrophe" if Congress fails to raise the debt ceiling. File Photo by Bonnie…
Biden to visit Minnesota plant to tout infrastructure, manufacturing growth
President Joe Biden's visit to Minnesota is intended to highlight job growth, improving supply chains and industrial improvements that have emerged as a result of…
Federal Reserve raises interest rates by quarter percentage point
1/5 Federal Reserve Chairman Jerome Powell said the events in the banking system in recent weeks have led the central bank to reassess its approach…
Ukraine secures $15.6B IMF loan amid Russia war
Ukrainian demonstrators rally in Kyiv on February 12, 2022 to show unity amid U.S. warnings of an imminent Russian invasion. Photo by Oleksandr Khomenko/UPI |…
Janet Yellen to reassure bankers during speech in front of lobbying group
Treasury Secretary Janet Yellen speaks during a Senate Finance Committee hearing at the U.S. Capitol last Thursday. She will speak to the American Bankers Association…
Swiss National Bank announces takeover of troubled rival Credit Suisse
Swiss National Bank has agreed to takeover its troubled rival, Credit Suisse, in a $3.2 billion emergency deal brokered by regulators in Switzerland to help…
Treasury Secretary Janet Yellen to Congress: Banking system ‘remains sound’
Treasury Secretary Janet Yellen expressed confidence in the nation's banking system in remarks prepared for a Thursday budget hearing before the Senate Finance Committee. File…
Treasury Secretary Yellen says no bailout for Silicon Valley Bank
1/2 U.S. Treasury Secretary Janet Yellen said Silicon Valley Bank’s collapse will not warrant a government bailout. File photo by Bonnie Cash/UPI | License Photo…
US Treasury Secretary Janet Yellen says no federal bailout for collapsed Silicon Valley Bank
Treasury Secretary Janet Yellen said on Sunday, local time, that the federal government would not bail out Silicon Valley Bank, but is working to help…
Silicon Valley Bank collapse sets off scramble in London to shield UK tech sector – POLITICO
Press play to listen to this article Voiced by artificial intelligence. LONDON — The U.K. government was scrambling on Sunday to limit the fallout for…
Treasury Dept. announces $339 million to support small businesses across U.S.
Since 2021, President Joe Biden's administration has used the American Rescue Plan to issue federal funds to help promote small business expansion throughout the country…
UK slams ‘protectionist’ Biden – POLITICO
Press play to listen to this article Voiced by artificial intelligence. LONDON — Joe Biden's "protectionist" Inflation Reduction Act won't help the U.S. counter the…
CBO: U.S. could face debt ceiling crisis this summer if debt limit is not raised or suspended
1/5 The Congressional Budget Office issued a warning Wednesday that the United States government could face a debt crisis this summer if the current $31.4…
Treasury Department sanctions Wagner group and its partners aiding Russia in Ukraine war
The Treasury Department has imposed additional sanctions on the Wagner mercenary group and related entities. On Friday, White House National Security Council coordinator John Kirby…