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The Latest Breaking News from Janet Yellen

Trump's Treasury Secretary Nominee Claims There Will Be 'Economic Calamity' If Republican Tax Cuts Are Not Extended

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

International Business Times

Yellen Warns Against Extending Trump Era Tax Cuts: 'Unsustainable'

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.

International Business Times

Janet Yellen's Short-Term Thinking Could Cost the U.S. Big

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

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Will 2025 Be the Year of U.S. Fiscal Sanity?

With inflation risks persisting and entitlement spending surging, the situation cannot be ignored. But we never should have gotten to this point to begin with.

Reason

Chinese government hackers targeted US Treasury office that administers sanctions – report

Treasury disclosed hack earlier this week, with Washington Post reporting targets were Office of Foreign Assets Control and Office of Financial Research

The Guardian - AU

Trump Criticizes Mccarthy Over Debt Ceiling Suspension Decision

President-elect Trump criticizes debt ceiling suspension, urges prompt action. Treasury Secretary emphasizes urgency.

Top News

Secret Service Agent Fires On Carjackers Outside Treasury Secretary's Home

Incidents involving gunfire by law enforcement agents during attempted carjackings in Washington, D.C. No injuries reported.

International Business Times

US Steel Stock Plunges After Trump Vows To Block Nippon Steel Takeover

The president-elect claims he will help the company 'strong and great again.'

International Business Times

Trump Says Will 'Block' Nippon Steel From Taking Over US Steel

US President-elect Donald Trump on Monday said he would "block" a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts.

The Guardian - UK

Ignore the online CV truthers. If anything, Rachel Reeves is overqualified to be UK chancellor

Gordon Brown and George Osborne studied history, but neither faced the questions of suitability levelled at the first woman in the job, says Guardian columnist Gaby Hinsliff

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International Business Times

US Lawmakers Warn Hong Kong Becoming Financial Crime Hub

US lawmakers urged the government Monday to rethink banking ties with Hong Kong, citing its "increasing role" in money laundering, sanctions evasions and reported funneling of banned technology to Russia.

Fortune

Polymarket users are betting on Scott Bessent to be Trump’s treasury secretary

The prediction market puts Bessent’s odds of getting the nod at 67%.

International Business Times

G7 Finalize $50 Bn Ukraine Loan Backed By Russian Assets Profits

G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine, according to a statement released Friday.

The Guardian - UK

Rachel Reeves basks in IMF backing for UK budget rules overhaul

In one session after another, IMF officials repeated backing for principle of increased borrowing to drive growth

Al Jazeera

Biden announces $50bn G7 loan to Ukraine backed by frozen Russian assets

US Treasury Secretary Yellen says Russia will be ‘bear the costs of its illegal war, instead of taxpayers’ in the West.

International Business Times

G7 To Make $50 Bn Ukraine Loan Available By Year-end: Yellen

G7 nations are committed to making $50 billion in lending available to Ukraine by year-end, US Treasury Secretary Janet Yellen said Wednesday as she met her Ukrainian counterpart in Washington.

The Guardian - AU

Ukraine war briefing: Draft-dodging scandal sees Kyiv’s top prosecutor resign and officials sacked

Andriy Kostin forced out over rash of officials getting disabled status; North Korean soldiers ‘about to arrive in Kursk’. What we know on day 973

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