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The Latest Breaking News from Janet Yellen

The U.S. could hit its debt ceiling within days. Here's what you need to know.

The U.S. is expected to hit its debt ceiling Thursday, forcing the Treasury to take "extraordinary measures" to pay off its bills. A political stalemate could lead to an unprecedented federal default.

WEKU

Yellen says US to take extraordinary steps to avert a default

WASHINGTON — Treasury Secretary Janet Yellen said the department will begin taking special accounting maneuvers on Jan. 19 to avoid breaching the U.S. debt limit, urging lawmakers to boost the ceiling to avert a devastating payments default.

Tribune News Service

Yellen tells Congress US expected to hit debt limit Thursday

Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default

The Independent UK

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Yellen says US to take extraordinary steps to avert a default

Treasury Secretary Janet Yellen said the department will begin taking special accounting maneuvers on Jan. 19 to avoid breaching the U.S. debt limit, urging lawmakers to boost the ceiling to avert a devastating payments default.

Tribune News Service

White House sounds alarm on GOP ‘malfeasance’ after Treasury warns of approaching debt limit

The Treasury Secretary says a ‘failure to meet the government’s obligations’ would end up doing ‘irreparable harm to the US economy, the livelihoods of all Americans, and global financial stability’

The Independent UK

Biden administration warns House GOP about debt ceiling deadlines

The clock starts ticking on Jan. 19.

Axios

Janet Yellen to stay on as Biden's Treasury secretary

White House officials in the fall of last year had been preparing for Yellen's potential departure.

Axios

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Treasury’s Yellen to stay on at Biden’s request as showdown over debt ceiling looms

WASHINGTON — President Joe Biden asked Treasury Secretary Janet Yellen to stay in her post, and she agreed, a White House official familiar with the matter said.

Tribune News Service

Americans took better care of their finances this year

Many Americans made the right financial moves this year. But thanks to inflation and a threat of recession, most don't believe 2023 will improve their finances.

Fortune

Raimondo channels CEOs' case for holiday cheer

In an interview with Axios, she says CEOs are "reasonably optimistic" about the economy.

Axios

Commentary: New IRS requirements raise questions about vow to only expand audits on rich

Next month, the U.S. Postal Service will be busier than usual. Not because of late Christmas cards or thank-you letters, but because of the extra Form 1099-Ks the IRS will be mailing out.

Tribune News Service

Yellen says food security program to boost funding for sustainable agriculture in Africa

U.S. Treasury Secretary Janet Yellen said on Thursday that a multilateral food security program would soon announce new funding to help build resilient and sustainable agriculture and food systems, particularly in Africa.

Reuters

Commentary: Blaming consumers for inflation makes no sense — here’s the real culprit

If you want to know what it means to add insult to injury, look no further than Treasury Secretary Janet Yellen. In a recent late-night interview, she blamed inflation on consumers spending too much. Not only was Yellen complicit in creating inflation, but now she has the impudence to blame…

Tribune News Service

Yellen says US aid to Ukraine can go on ‘as long as it takes’

Treasury Secretary Janet Yellen signaled the Biden administration is prepared to continue seeking billions of dollars in aid for Ukraine as the Eastern European country battles Russia’s invasion and missile attacks.

Tribune News Service

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The Guardian - AU

Markets optimistic as China eases Covid rules, but experts warn of danger ahead

Amid signs that supply chain woes are improving, economists remain uncertain that China is ready to live with Covid

Reuters

Yellen 'open' to visiting China, will seek deeper economic engagement

U.S. Treasury Secretary Janet Yellen on Thursday said she was "open" to visit China as she seeks to deepen economic engagement with Beijing after the leaders of the world's two largest economies met last month, signaling a possible easing of tensions.

Reuters

Yellen says U.S. listening to Europe's concerns over new climate law

U.S. Treasury Secretary Janet Yellen on Thursday said the Biden administration was listening to concerns raised by European allies over the U.S. Inflation Reduction Act, a $430 billion green energy subsidy package.

Reuters

Yellen says no reason to believe Russia involved in decision to block ships from Mediterranean

U.S. Treasury Secretary Janet Yellen told reporters on Thursday that the Biden administration had no reason to believe the Russian government was involved in a decision by Turkey to block ships from transiting to the Mediterranean Sea.

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The Independent UK

On the money: Yellen's next milestone is name on US currency

Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary

Tribune News Service

Elon Musk, Ron DeSantis among finalists for Time’s 2022 Person of the Year

The finalists for Time magazine’s 2022 Person of the Year include world leaders, Iranian protesters and last year’s selection, Elon Musk.

The Guardian - AU

Public support in Russia for military campaign ‘falling significantly’, says UK – as it happened

British ministry of defence says it obtained official confidential survey that shows only 25% of Russians want war to go on

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 284 of the invasion

UK says support within Russia for military action is waning; US intelligence chief says Putin ‘more informed’ about reality of challenges on the ground

Evening Standard

UK and allies announce cap on Russian oil ‘to clamp down on Putin’s funding streams’

The cap is designed to curb Russia’s revenues from oil without halting significant volumes of exports, which could lead to supply shortages and push up prices globally

WEKU

Sam Bankman-Fried strikes apologetic pose as he describes being shocked by FTX's fall

During an hour-long interview at the New York Times Dealbook Summit, Bankman-Fried frequently portrayed himself as in the dark about the condition of the multi-billion dollar exchange he founded.

The Guardian - UK

EU raises prospect of big fine or ban if Twitter fails to follow new legislation

Elon Musk has been warned he has ‘huge work ahead’ to comply with the EU’s Digital Services Act

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