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The Latest Breaking News from Janet Yellen

Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit

Yellen says Trump’s policies gave tax breaks to wealthy corporations and individuals while increasing the national deficit.

Fortune

US Treasury Reveals Biden Administration's $100 Million Boost For Affordable Housing

Yellen announced that the $100 million, to be distributed over three years, will be funded by repayments from previous Covid-era investments.

International Business Times

Yellen announces efforts to boost housing supply as high prices create crunch

The Biden administration is announcing new steps to increase access to affordable housing

The Independent UK

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Billionaires vs. millionaires: America’s wealthy are more eager than Janet Yellen to tax the super-wealthy

A majority of American millionaires are in favor of a proposal to require the world's billionaires to pay taxes worth at least 2% of their overall wealth every year.

Fortune

Treasury Department Takes Action Against Drug Cartel Financing

Treasury Secretary Janet Yellen announces sanctions on individuals linked to drug cartel smuggling fentanyl into the U.S. as part of Biden administration's...

Top News

In Atlanta to promote fentanyl actions, Yellen announces sanctions against Mexican cartel

U.S., Treasury Secretary Janet Yellen has announced new sanctions against members of La Nueva Familia Michoacana drug cartel, a notoriously violent group that wars for territorial control with a slate of other Mexican cartels

The Independent UK

Yellen Criticizes Trump's Tariff Proposal As Harmful To Working Class Americans

Trump recently suggested the idea of eliminating federal income taxes and imposing substantial tariffs on imports during private meetings with GOP lawmakers.

International Business Times

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US expands Russia sanctions, targeting entities in China, UAE and Turkey

Washington’s latest sanctions announcement comes as US President Joe Biden attends the G7 summit in Italy.

Al Jazeera

Israeli settlers in the West Bank were hit with international sanctions. It only emboldened them

More than a dozen Israeli settlers have been targeted by international sanctions over accusations of attacks and harassment against Palestinians in the West Bank

The Independent UK

Janet Yellen To Address Risks And Opportunities Of AI

Treasury Secretary Janet Yellen to discuss AI's impact on financial systems, addressing risks and benefits in upcoming speech.

Top News

U.S. Treasury Official In Kyiv Discusses Financial Support For Ukraine

U.S. Treasury official in Kyiv discussing financial aid, sanctions on Russia, and using Russian assets to aid Ukraine's defense amidst Russia's territorial...

Top News

US To Unveil 'Guardrails' Needed For Carbon Markets To Succeed

President Joe Biden's administration is set Tuesday to unveil "guardrails" it says will ensure that carbon offset markets effectively reduce greenhouse gas emissions, a significant win for advocates of the contentious schemes.

International Business Times

Yellen Expects Quick FDIC Nominee Announcement From White House

The White House is actively working to select a nominee for the FDIC, emphasizing transparency and accountability in the process.

Top News

Yellen Supports Ukraine Loan Plan, More Work Needed

Treasury Secretary Yellen announces strong support for Ukraine loan plan to aid economic stability and recovery.

Top News

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The Guardian - UK

Hopes grow of G7 deal to support Ukraine with $300bn in frozen Russian assets

Foreign ministers confident of agreement to use bank assets as security for Ukraine reconstruction loan

The Independent UK

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen will be building a united front against China’s…

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Yellen Worried About Israel Threats To Palestinian Banks

U.S. Treasury Secretary expresses concern over Israel's threats to Palestinian banks amid escalating tensions in the region.

Top News

Yellen Urges G7 Action Against China's Industrial Overcapacity

Former Fed Chair Yellen urges G7 nations to unite against China's industrial overcapacity, highlighting global economic concerns.

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The Independent UK

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use the money to help Ukraine fend off Russia's invasion

International Business Times

Russian Assets Plan For Aiding Ukraine To Dominate G7 Meet

G7 finance ministers gather in Italy on Thursday for a three-day meeting dominated by plans to use Russian assets to help Ukraine, as well as new sanctions on Moscow and the commercial threat posed by China.

International Business Times UK

Brazil, France, Spain, Germany and S. Africa Push To Tax Billionaires 2% Yearly; US Says No

Yellen announces US opposition to global wealth tax, despite support from Brazil, France, and others.

The Guardian - AU

Ukraine war briefing: Worse than Bakhmut but now we have shells, say Kharkiv defenders

Ukraine says last Russian cruise missile ship in Crimea destroyed; give us Russia’s frozen assets, not just the interest, says Kuleba. What we know on day 819

Top News

Yellen Urges German Banks To Comply With Russia Sanctions

U.S. Treasury Secretary Janet Yellen warns German banks to comply with American sanctions on Russia amid Ukraine crisis, emphasizing the importance of stri...

The Guardian - UK

Janet Yellen urges EU to join US in curbs on cheap Chinese exports

Comments come as Commission president hints EU could impose tariffs on Chinese electric vehicles

International Business Times

G7 Push To Use Russian Assets For Ukraine 'Vital And Urgent': Yellen

It is "vital and urgent" for the United States and allies to find a way to tap immobilized Russian assets in helping Ukraine, US Treasury Secretary Janet Yellen said in prepared remarks released Monday.

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