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The Latest Breaking News from Janet Yellen

A Global Tax Cartel Would Be as Bad as It Sounds

Several studies have found that the vast majority of costs incurred by increased corporate taxes are passed along to workers in the form of lower wages.

Reason

Crypto meltdown prompts Yellen to call for new regulation

Treasury Secretary Janet Yellen, responding to the recent sharp decline in cryptocurrencies, says additional federal regulation is needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal

The Independent UK

Forum boycotts aren't the answer

Today and tomorrow will see US President Joe Biden host meetings with the leaders of Asean. Eight out of 10 leaders of the bloc's member countries will be there, including Prime Minister Prayut Chan-o-cha of Thailand and President Joko Widodo of Indonesia.

Bangkok Post

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Republicans' "pro-life" baby food pivot

When it comes to the issue of abortion, "pro-life" Republicans have always been bedeviled by hypocrisy accusations

Salon

Janet Yellen Reacts To Terra (LUNA) And UST Stablecoin Fiasco

Treasury Secretary Janet Yellen highlighted the recent scenario around Terra’s (CRYPTO: LUNA) algorithmic stablecoin Terra USD (CRYPTO: UST) as an example of how digita

Benzinga

Democrats demand US Treasury probe on Texas shifting COVID funds to border security

WASHINGTON — Texas Democrats in Congress have asked the U.S. Treasury to investigate whether Gov. Greg Abbott has misused up to $1 billion in pandemic relief funds to pay for the state’s controversial border security effort.

Tribune News Service

Yellen says rollback of abortion rights puts US economy at risk

WASHINGTON — Treasury Secretary Janet Yellen entered one of the most politically charged U.S. debates Tuesday, saying the economy would suffer if the Supreme Court significantly limits women’s access to abortion.

Tribune News Service

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Yellen trip to Capitol detours into tense abortion debate

Treasury Secretary Janet Yellen’s appearance before a Senate committee took an unexpected and tense detour into the abortion debate Tuesday when senators questioned her about the potential impact of an abortion ban on the American economy

The Independent UK

US treasury secretary warns eliminating abortion access will damage economy and ‘set women back decades’

Janet Yellen tells Senate committee that restrictions on abortion care increase odds of ‘living in poverty or need for public assistance’

The Independent UK

Yellen: Eliminating abortion rights would have "very damaging" effect on economy

Roe v. Wade "helped lead to increased labor force participation. It enabled many women to finish school."

Axios

Biden Officials Split on Easing China Tariffs to Slow Inflation

The Biden administration is split on whether to pare back tariffs on imports from China in an effort to cut consumer costs and reduce inflation, as the White House gives renewed consideration to a step that has divided officials.

Bangkok Post

Washington Warming To Crypto? Coinbase's Brian Armstrong Says Over 50% Of People In D.C. Are 'Pro Crypto' Now

Policymakers may be slowly and steadily warming to the concept of cryptocurrencies and its adoption, according to Coinbase Global, Inc. (NASDAQ: COIN) co-founder and chief executive officer Brian Armstrong.

Benzinga

Biden admin split over Trump-era China tariffs as inflation looms

Biden officials are fiercely debating whether to lower some of former President Trump’s China tariffs.

Axios

Yellen says more shocks likely to 'challenge the economy'

Treasury Secretary Janet Yellen says the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future

The Independent UK

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The Independent UK

Looking to deepen pain for Putin, West studying oil and gas

The United States unleashed some of its toughest actions against Russian President Vladimir Putin right after he rolled his troops into Ukraine

Reuters

Yellen says G20 getting work done despite walkout over Ukraine war

U.S. Treasury Secretary Janet Yellen said on Thursday that she was committed to working through the Group of 20 major economies to address difficulties brought on by Russia's invasion of Ukraine, despite a walkout by her and several other Western officials from a G20 finance meeting as Russian officials spoke.

Chicago Sun-Times

Biden announces heavy artillery, other weapons for Ukraine

The aid, Biden said, will be sent “directly to the front lines of freedom.”

Axios

Biden, Yellen meet with Ukrainian prime minister

Shmyhal is also set to meet with House Speaker Nancy Pelosi (D-Calif.) and other Cabinet members.

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Reuters

Yellen says U.S. to give Ukraine another $500 million to keep government running

The United States will give Ukraine another $500 million in to help its government continue critical government operations, doubling the $500 million aid pledge by President Joe Biden in March, U.S. Treasury Secretary Janet Yellen said on Thursday.

The Independent UK

US to provide $500 million more in financial aid to Ukraine

The United States will provide $500 million more in financial assistance for Ukraine to sustain critical government operations as it fends off the Russia invasion

Axios

G20 walkout ushers in new era of financial diplomacy

The officials aim to put pressure on Putin through all means possible.

Radio France Internationale

G20 walk out in condemnation of Russia's war in Ukraine

Senior officials from Britain, the United States and Canada walked out on Russia's representatives at a Group of 20 meeting on Wednesday with many members condemning Moscow's war in Ukraine, exposing deep divisions within the bloc of the world's major economies.

Al Jazeera

Officials walk out of G20 meeting over Russia’s participation

US, Canadian and British officials leave Group of 20 meeting in Washington as Russian delegates speak, UK minister says.

The Guardian - UK

US, UK and Canada walk out of G20 meeting over war in Ukraine

Sources say US Treasury secretary and BoE governor among those to leave as Russian delegates spoke

Axios

Yellen, Powell walk out of G20 meeting during Russian minister's speech

Yellen and Powell were joined by other delegates, including ECB head Christine Lagarde.

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