The Latest Breaking News from Janet Yellen

Attempting to defend Trump's tariffs, the White House points to studies that show they raise prices, cut manufacturing output, and lead to costly retaliation.

A rift is emerging between the east and west of the EU over what to do with Russia’s seized central bank reserves.

Some analysts fear ballooning federal debt and a bullish stock market means ‘something will surely snap’

Chinese hackers accessed over 400 computers and over 3,000 unclassified files when they infiltrated the U.S. Treasury.

US nears trillion debt limit, Congress under pressure to act to avoid default.

The US Treasury Department will start taking "extraordinary measures" next week to avoid risking a default on government debt, Secretary Janet Yellen said Friday, days before President-elect Donald Trump takes office.

In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21, in a letter sent to congressional leaders Friday afternoon

Biden administration imposes new sanctions on Russian oil entities to disrupt funding for Ukraine conflict.

Scott Bessent warned about the dangers of not extending tax cuts implemented during Donald Trump's first term.

US Treasury Secretary Janet Yellen warned Wednesday that plans to extend President-elect Donald Trump's 2017 tax cuts -- which remained in place under Joe Biden but are set to expire -- will add to unsustainable deficits.

The Treasury Secretary’s debt decisions during the pandemic locked in low rates—but only for two years. Now, taxpayers are paying the price.