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The Latest Breaking News from Janet Yellen

Interest On US National Debt Tops 'Truly Astounding' $1 Trillion For First Time

The record outlay during fiscal 2024 represents an annual increase of 29 percent, with the Treasury Department saying higher rates were 'largely' to blame.

International Business Times

US Treasury Taps Machine Learning AI To Recover $4 Billion In Fraud

The Treasury Department's recovery this fiscal year, a significant jump from the $652.7 million recovered in FY23, is driven by the Office of Payment Integrity (OPI) within the Bureau of the Fiscal Service strengthening its fraud prevention efforts.

International Business Times

Yellen Defends Biden's Decision To Maintain China Tariffs

Treasury Secretary Yellen explains Biden administration's stance on tariffs and fiscal policy, emphasizing fair trade practices and fiscal sustainability.

Top News

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'Deeply Misguided' To Wall US Off With Tariffs: Yellen

US Treasury Secretary Janet Yellen pushed back Thursday on Republican presidential candidate Donald Trump's proposals of high tariffs on allies and rivals, calling such moves "deeply misguided" weeks before the November 5 election.

International Business Times

AI helping US Treasury bust fraudsters, saving billions

The technology helped recover $1.3bn in tax fraud in the 2024 fiscal year, says the Treasury.

Al Jazeera

Treasury Secretary Yellen Warns Against Sweeping Tariffs

Treasury Secretary Janet Yellen criticizes sweeping tariffs, warns of inflationary impacts, and advocates for international cooperation in trade policies.

Top News

Deadline Passes for Treasury Secretary to Hand Over Documents Related to 'Suspicious' Democrat Fundraising

The GOP-led House Oversight Committee said reports raised concerns about the "threat of fraud and evasion of campaign finance law" and that a PAC tied to Democrats could have been compromised

Latin Times

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US Fed Rate Cut Is 'Very Positive Sign' For Economy: Yellen

The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.

International Business Times

Who Does the IRS Audit the Most?

The IRS has a $400K audit directive problem. Here’s what you need to know.

Kiplinger

Businesses Warn Yellen On 'Political Pressure' Over US Steel Sale

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

International Business Times

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slide

Asian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies

The Independent UK

Yellen Says She's 'Probably Done' With Government Work Once Biden's Term Ends

The 78-year-old treasury secretary is the first woman to hold the job and that of Federal Reserve chair, and the first person to also chair the White House Council of Economic Advisers.

International Business Times

IRS Collects IRS Collects Top News.3 Billion From Wealthy Tax Dodgers.3 Billion From Wealthy Tax Dodgers

IRS successfully collected IRS Collects Top News.3 Billion From Wealthy Tax Dodgers.3 billion from high-wealth tax dodgers, targeting millionaires and implementing new initiatives.

Top News

Treasury recovers $1.3 billion in unpaid taxes from high wealth tax dodgers

The IRS has collected $1.3 billion from high wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022

The Independent UK

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Reason

Harris Attacks Trump for a Foreign Policy Proposal Backed by Her Own Advisors

Donald Trump believes that endless sanctions on Russia and Iran have serious downsides. So do Kamala Harris’ advisers.

Top News

US Treasury Secretary Yellen Optimistic About Job Market Strength

US Treasury Secretary Janet Yellen expresses confidence in America's job market, highlighting signs of improvement and low unemployment rate.

International Business Times

Treasury Secretary Janet Yellen Terms Labor Market As 'Healthy' Despite Tepid Data

Treasury Secretary Janet Yellen said that the labor market is "healthy" despite recent labor market data which showed weakness.

The Independent UK

Yellen says ending Biden tax incentives would be 'historic mistake' for states like North Carolina

Treasury Secretary Janet Yellen is warns voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages investments in manufacturing and clean energy

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International Business Times

How Regulations Affect The $171 Billion Stablecoin Market

Stablecoins play a key role in the broader crypto market's growth, and while the segment is expected to keep expanding, there are also concerns about how the multi-billion-dollar crypto sub-sector will be affected by emerging regulations.

Top News

Yellen Warns Of Job Losses In North Carolina

Treasury Secretary Yellen warns North Carolina voters of job losses if IRA provisions are weakened. Debate over tax incentives continues between Democrats ...

International Business Times

US Accuses Russia's RT News Outlet Of Election Interference

The United States indicted two employees of Russia's RT and imposed sanctions on top editors of the state-funded news outlet on Wednesday, accusing them of seeking to influence the 2024 US presidential election.

Latin Times

MAGA ally James Comer hints at subpoenaing Janet Yellen over pro-Palestinian protest funding records

The lawmaker is seeking information on whether there are "suspicious activity reports" related to organizations leading protests across the country

Roll Call

Fact-checking Day 2 of the Democratic National Convention - Roll Call

Fact checking the second night of the 2024 Democratic National Convention

The Conversation

Amazon countries are stepping-up measures to counter illicit financing of nature crime

With the announcement by the US of a new initiative to counter the illicit financing of environment crime in the Amazon, there are signs the issue is finally an international priority. US Treasury Secretary Janet Yellen launched the Amazon Regional Initiative Against Illicit Finance last month with the stated aim…

Fortune

Trump's demand for influence over the Fed conjures comparisons to Nixon

Nixon's Fed chair Arthur Burns is viewed by many as the worst in the institution's history for failing to stand up to the White House.

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