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The Latest Breaking News from Janet Yellen

Zelensky abruptly cancels US Senate address as aid for Ukraine war hits dead end

Ukraine warns any postponement of US aid creates ‘big risk’ it will lose war with Russia

The Independent UK

Yellen To Visit Mexico For Talks On Supply Chains, Combating Fentanyl Trafficking

The trip comes amid the U.S. Treasury Department's announcement of a "counter-fentanyl strike force," as "combatting the flow of deadly fentanyl into communities across the United States is a top priority for President Biden as well as the Treasury Department."

Latin Times

Binance, CEO Admit Guilt In $4B Settlement With U.S. DOJ

World's largest crypto exchange faces charges related to money laundering and violations of U.S. laws.

Zenger

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Binance Hit With $4.3B Justice Department Penalty: Yellen Says Crypto Exchange ‘Turned A Blind Eye’ To The Law

Binance admitted guilt to federal charges Tuesday as part of resolution with U.S. Justice Department amounting to over $4 billion

Zenger

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

WEKU

After Moody's Warning, Federal Officials Continue To Ignore Fiscal Reality

Moody's calculates that interest payments on the national debt will consume over a quarter of federal tax revenue by 2033, up from just 9 percent last year.

Reason

US delays APEC trade deal due to domestic pushback

At the Asia-Pacific Economic Cooperation (APEC) Forum on Tuesday, US treasury secretary Janet Yellen said a trade deal that would cover some 40 percent of the global economy "looks not to be complete". Her comments came after Democrat senator Sherrod Brown voiced his opposition to the text over labour standards…

France 24

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Republicans once again appeal to the rich in bid to cut IRS funds

This proposal to cut funds aimed at catching tax cheats echoes the Trump-Republican tax cuts that included the largest corporate tax cut in U.S. history, a suburban writer points out.

Chicago Sun-Times

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit

The United States and China are the two global economic heavyweights

The Independent UK

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 “healthy economic relationship,” 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

The Independent UK

The US and Chinese finance ministers are opening talks to lay the groundwork for a Biden-Xi meeting

Treasury Secretary Janet Yellen and her Chinese counterpart are meeting in San Francisco to open two days of talks aimed at making progress on a slew of economic issues at a time when competition has markedly intensified between the two countries

The Independent UK

The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen says

Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned

The Independent UK

Yellen to host Chinese vice premier for talks in San Francisco ahead of start of APEC summit

U.S. Treasury Secretary Janet Yellen is hosting Chinese Vice Premier He Lifeng for two days of talks this week

The Independent UK

Biden will host Americas summit that focuses on supply chains, migration and new investment

President Joe Biden is gathering leaders from countries across the Americas on Friday in the U.S. capital to discuss the tightening of supply chains and addressing migration issues

The Independent UK

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The Independent UK

Yellen says the US economic relationship with China must consider human rights and national security

Treasury Secretary Janet Yellen says Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides

The Independent UK

Treasury Secretary Yellen calls for more US-Latin America trade, in part to lessen Chinese influence

Treasury Secretary Janet Yellen wants Latin America to trade more with the United States as part of an initiative that so far has failed to disrupt China’s dominance in global manufacturing

Fortune

Billionaire investor Stanley Druckenmiller is taking ‘massive leveraged positions’ on safer assets than stocks after getting ‘really nervous’ about the economy

Stan Druckenmiller says a long-held belief that the stock market will always go up in the long term may no longer be the case.

Fortune

Billionaire investor Stanley Druckenmiller accuses Janet Yellen of making the ‘biggest blunder in Treasury history’

The hedge funder argued that the Treasury Secretary “has no right” to still be in her job.

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The Guardian - UK

The Women Who Made Modern Economics by Rachel Reeves review – why values matter

With these clear, crisp portraits of the economists who shaped her worldview, the shadow chancellor has set out a powerful statement of who she is and what she wants to achieve

The Hindu

Towards stabilisation of U.S.-China ties

In this time of war, the quiet U.S.-China dialogue is a significant factor for peace

Reason

Don't Believe Janet Yellen's Shoddy Wartime 'Girl Math'

Plus: President Joe Biden’s weird economy and Rep. Mike Johnson as the unlikely new speaker of the House of Representatives.

WEKU

5 things to know about a stunning week for the economy

The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.

The Guardian - UK

The Women Who Made Modern Economics by Rachel Reeves review – a personal manifesto

The shadow chancellor’s portraits of her economic heroes reveals much about a future Labour government’s agenda

Foreign Policy

The U.S. and Europe Need to Get Their Act Together on China

The West has wasted precious time in developing a common strategy.

The Guardian - AU

Russia-Ukraine war live: Zelenskiy confirms Kyiv used US-provided ATACMs missiles – as it happened

Ukrainian military used US-supplied longer-range army tactical missile systems to strike nine Russian helicopters in eastern Ukraine

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