Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energy
President Joe Bidenโs grip on a key federal energy commission will last beyond his first term, giving a boost to the Democratโs push for renewable energy regardless of the election results in November.
US widens sanctions on Russia to discourage countries such as China from doing business with Moscow
The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where top priorities will be boosting support for Ukraine and grinding down Russiaโs war machine.
US Treasury official visits Ukraine to discuss sanctions on Russia and seizing Russian assets
A U.S. Treasury official is traveling to Kyiv this week to talk about U.S. financial support for Ukraine, efforts to tighten sanctions on Russia and plans to use immobilized Russian sovereign assets for the benefit of Ukraine as it fends off Russian forces.
US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting
The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen will be building a united front against Chinaโs subsidies for solar panels and electric cars.
Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming missile base
President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a โnational security risk.โ.
New US sanctions against Russia target weapons development, ban uranium imports for nuclear power
The United States has imposed new sanctions on hundreds of companies and people tied to Russiaโs weapons development program, as well as more than a dozen Chinese entities accused of helping Moscow find workarounds to earlier penalties.
Blinken begins key China visit as tensions rise over new US foreign aid bill
U.S. Secretary of State Antony Blinken has begun a critical trip to China armed with a strengthened diplomatic hand following Senate approval of a foreign aid package that will provide billions of dollars in assistance to Ukraine, Israel and Taiwan as well as force TikTokโs China-based parent company to sell the social media platform -โ all areas of contention between Washington and Beijing.
Blinken will be the latest top US official to visit China in a bid to keep ties on an even keel
Secretary of State Antony Blinken will travel to China this coming week as Washington and Beijing try to keep ties on an even keel despite major differences on a range of issue, from the Middle East to opioids.
New US-China talks will address a top American complaint about Beijing's economic model, Yellen says
U.S. Treasury Secretary Janet Yellen says upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijingโs economic model and trade practices put American companies and workers at an unfair competitive disadvantage.
Biden and Xi discuss Taiwan, AI and fentanyl in a push to return to regular leader talks
President Joe Biden and Chinese President Xi Jinping have discussed Taiwan, artificial intelligence and security issues in a call meant to demonstrate a return to regular leader-to-leader dialogue between the two powers.
Yellen urges world leaders to 'unlock' frozen Russian Central Bank assets and send them to Ukraine
Treasury Secretary Janet Yellen is offering her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraineโs long-term reconstruction.
Treasury rolls out residential real estate transparency rules to combat money laundering
The Biden administration wants to make residential real estate transactions more transparent โ by unmasking the owners of all-cash purchases as part of its ongoing effort to combat money laundering and the movement of dirty money through the American financial system.
Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts
Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administrationโs economic agenda and offer a reminder of the Trump administration tax cuts, which she says added to the deficit and did little to promote investment.
Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending
Treasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy โvindicatesโ Democratsโ decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021.
Taiwan's participation at APEC forum offers a rare chance to break China's bonds
Taiwan will take part in the Asia-Pacific Economic Cooperation forum in San Francisco this week, a rare opportunity for the self-governing island democracy of 23 million people and its high-tech economy to break the diplomatic embargo on it imposed by authoritarian China.
Yellen says her talks with Chinese finance chief laid groundwork for Biden's meeting with Xi
U.S. Treasury Secretary Janet Yellen says she and her Chinese counterpart have agreed to work toward a โhealthy economic relationship,โ during two days of talks that she said helped lay the groundwork for a productive meeting next week between President Joe Biden and Chinese President Xi Jinping.
San Francisco bidding to reverse image of a city in decline as host of APEC trade summit
World leaders, CEOS, protesters and thousands of others will soon descend on San Francisco for a high-profile trade summit that could give the battered city a chance to reverse its image as a powerhouse in decline.
Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned.
War sanctions against Russia highlight growing divisions among the Group of 20 countries
Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries.
Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved ties
Commerce Secretary Gina Raimondo is the latest member of President Joe Bidenโs Cabinet to visit China as his administration tries to mend the deteriorating ties between the worldโs two largest economies.
G20 finance chiefs meeting in India address global challenges like climate change and rising debt
Finance ministers from the Group of 20 nations meeting in India are set to address critical global economic challenges, including the threat posed by climate change and rising debt among low-income countries.
Kerry to visit Beijing for climate talks amid efforts to revive relations between US and China
U.S. Special Presidential Envoy for Climate John Kerry will travel to Beijing next week to discuss strategies for limiting global warming, amid a push by the world's two largest economies to reengage on multiple issues following a sharp decline in contacts.
Yellen says Washington might 'respond to unintended consequences' for China due to tech export curbs
Treasury Secretary Janet Yellen says Washington will listen to Chinese complaints about security-related curbs on U.S. technology exports and might โrespond to unintended consequencesโ as she ended a visit to Beijing aimed at reviving strained relations.
US Treasury chief Yellen and China's No. 2 aim for improved communication after trade disputes
U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang are expressing hopes for better communication as Yellen appeals to Beijing not to let frustration over U.S. curbs on technology exports disrupt economic cooperation.