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 Biden’s Cabinet to visit China as his administration tries to mend the deteriorating ties between the world’s 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 “respond to unintended consequences” 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.
China restricts exports of high-tech metals in a slap at Washington ahead of Yellen's visit
China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of Treasury Secretary Janet Yellen’s visit to Beijing this week.
SEC lawsuits against cryptocurrency companies raise questions about industry's future
Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.
Changes to food aid in debt bill would cost money, far from savings GOP envisioned
A Republican attempt to expand work requirements for federal food aid in debt legislation moving through Congress would increase federal spending by $2.1 billion over 10 years — far from the cuts GOP lawmakers had envisioned.
Debt default 'X-date' calculations aim to figure out when the US may run short of cash
For all the concern over when the government might run out of money to cover all its bills, it turns out that no one can be absolutely sure exactly when the country faces a potential default — the dreaded “X-date.”.
Just in case: Anxious retirees, social service groups among those making default contingency plans
Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines.
Deal or default? Biden, GOP must decide what's on the table
Before President Joe Biden and congressional leaders can even try to avert an unprecedented U.S. government default, their initial challenge on Tuesday will be to agree on what exactly they’re talking about as they hold their first substantive meeting in months.
Treasury's Yellen says US could default as soon as June 1
Treasury Secretary Janet Yellen has notified Congress that the U.S. could default on its debt as early as June 1, if legislators do not raise or suspend the nation’s borrowing authority before then and avert what could potentially become a global financial crisis.
How a little-known agency holds power over TikTok's future
Under pressure from the U.S. government, TikTok is now facing the music with the possibility of a nationwide ban if it defies a government order to sell to an American company — unless the popular social media app can convince a high-powered panel that its data security restructuring plan sufficiently guards against national security concerns.
US government moves to stop potential banking crisis
The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly.
G-7, Europe reach deal for price cap on Russian diesel
U.S. Treasury Secretary Janet Yellen says industrialized countries in the Group of Seven are imposing a price cap on refined Russian oil products such as diesel and kerosene, as part of a coalition that includes Australia and a tentative agreement from the European Union.
Yellen says Africa to shape world economy as US reengages
U.S. Treasury Secretary Janet Yellen watched Ford cars and pickup trucks being assembled at a plant in South Africa and cited it as an example of cooperation between Washington and Africa as she begins the Biden administration's big push to reengage with the continent.