U.S. top-tier credit rating downgraded
International ratings agency Fitch said it had downgraded the United States' Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA+' …
Janet Yellen
Oil prices set to climb on rumors that the Fed will stop hiking interest rates
Traders expect the Fed to end its rate-hike policy as soon as March, as economic indicators suggest inflation is slowing down. Oil prices climbed last week on the positive economic data coming out of the United States, but …
Price cap on Russian petroleum products may not be as planned - U.S. official
Attempts of the United States and certain other countries to impose price restrictions on petroleum products supplied by Russia may have unexpected consequences, US Secretary of the Treasury Janet Yellen told reporters, cited …
U.S. failure to reach debt limit deal may cause global financial crisis
The US lawmakers failing to reach a debt limit agreement to raise the debt ceiling may cause a global financial crisis, Treasury Secretary Janet Yellen warned. If the US federal government fails to make payments, "borrowing costs …
What happens if US debt ceiling isn't raised
The US government has hit its borrowing limit
U.S. debt to hit limit Thursday
U.S. Treasury Secretary Janet Yellen on Friday notified Congress that the U.S. will reach its statutory debt limit next Thursday. After that, the Treasury Department this month will begin “taking certain extraordinary …
U.S. proposes capping Russian oil prices in $60 range
U.S. Treasury Secretary Janet Yellen said that a price cap on Russian oil exports in the $60-a-barrel range would likely be sufficient to reduce Moscow's energy revenues while allowing profitable production. Yellen told an event at …
U.S. Treasury: oil prices could spike in winter
U.S. Treasury Secretary Janet Yellen said Sunday that there is a "risk" that U.S. gas prices could rise again later this year, as fears grow over the possibility that Americans' wallets could be strained by a spike in …
Why the Russian oil price cap won’t work
First floated by U.S. Treasury Secretary Janet Yellen, the idea of capping Russian crude oil exports had a dual aim: keeping Russian oil flowing abroad, which would set a ceiling on prices, and at the same time reducing Russia’s oil …
Yellen: U.S. economy slowing, but recession not inevitable
U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but she said a downturn was not inevitable. Yellen, speaking on NBC's "Meet the Press," …
U.S. vows tough measures against countries abusing economic order
U.S. Treasury Secretary Janet Yellen on Tuesday said deeper trade ties among allies could help fight inflation and thwart China’s “unfair trade practices,” vowing to impose harsh consequences on those who abuse the global …
Cyprus not banning transportation of Russian oil to third countries - report
U.S. Treasury Secretary Janet Yellen is pressing European counterparts to embrace measures designed to enforce a price cap on Russian oil, Bloomberg reported. Yellen spoke Monday with Constantinos Petrides, the finance minister of …
U.S. monitoring moves to circumvent Russian sanctions through use of gold
The U.S. Treasury Department has made clear that gold-related transactions involving Russia may be sanctioned, and is closely monitoring any efforts to circumvent U.S. sanctions through the use of gold, Treasury Secretary Janet Yellen said on …
U.S. unlikely to extend Russian debt payment licence
The United States is unlikely to extend a soon-to-expire licence that allows Russia to pay U.S. bondholders, Treasury Secretary Janet Yellen said on Wednesday. Russia has so far managed to make its international bond payments even …
Treasury Secretary sees efforts to get Russia to pay for rebuilding Ukraine
After the U.S. announced $1.3 billion in new economic assistance and military aid to Ukraine, Treasury Secretary Janet Yellen acknowledged that “this is only the beginning of what Ukraine will need to rebuild.” Yellen said …
G20 finance officials walk out in protest of Russian attendance
Senior finance officials walked out of a G20 meeting in Washington, DC, in protest as Russian Finance Minister Anton Siluanov spoke. US Treasury Secretary Janet Yellen led a multination boycott. She was joined by Ukrainian, …
Treasury Secretary confident $1.9 trillion bill to help bring U.S. "back to full employment"
Treasury Secretary Janet Yellen said today that the $1.9 trillion American Rescue Plan, which passed in the Senate on Saturday, will benefit the economy, and she said she hoped the country and economy would be "back to full …
Treasury nominee eyes quick review of U.S. sanctions policy
U.S. President-elect Joe Biden’s nominee for Treasury Secretary Janet Yellen told lawmakers she expected to quickly launch a review of U.S. sanctions policy if she and her top deputy were confirmed for their posts. Yellen …
Trump names biggest threat to U.S.
U.S. President Donald Trump said that the Federal Reserve's policy is the biggest threat to his presidency. "My biggest threat is the Fed," the president said during an interview with FOX Business. …
US Federal Reserve leaves rates unchanged
The US Federal Reserve left its benchmark interest rate unchanged in a range of 1.25% to 1.5%, a relatively low level that the Fed said would help support continued job growth and stronger inflation. The Fed’s economic outlook …