Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in gas prices in the winter when the European Union significantly cuts back on buying Russian oil, adding that a proposed Western price cap on Russia’s oil exports is being designed to keep prices in check. “It’s a risk, and it’s a risk…
Yellen Says Biden’s Policies Helped US Economy Recover From Pandemic
September 10, 2022
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2022 Midterm ElectionsBusiness & MarketsDemocratseconomic policieseconomyenergyinflationJanet YellenPolicies & ImpactsPoliticsrecessionU.S. economyUS
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U.S. Treasury Secretary Janet Yellen claimed that President Joe Biden’s economic policies have allowed the American economy to recover from the pandemic and be on the path to becoming stronger than it was before. “Our plan has worked,” boasted Yellen, who said that “by any traditional metric, we have experienced one of the quickest economic…
Yellen Tells IRS Not to Target Middle-Income Americans With Audits as Crackdown Fears Swirl
Treasury Secretary Janet Yellen has ordered the Internal Revenue Service (IRS) not to send tax enforcers to audit households making less than $400,000 per year after concerns were raised that a massive funding boost to the agency would be used to crack down not on wealthy tax dodgers but to bully middle-income Americans. The Inflation…
Capitol Report (July 29): House Passes Bill to Ban Semi-Automatic Guns; Pelosi Heads to Asia
July 29, 2022
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American Thought LeadersArizonaAugust PflugerCapitol ReportDonald Trumpenergy pricesEpochTVgun billillegal immigrantsJanet YellenlockdownsMuriel BowserrecessionSouthern BorderU.S. economyUSUS News
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The Democrat-controlled House pushed a bill to ban certain guns. Democrats say it’s needed to stop gun violence, while Republicans say it targets law-abiding citizens. The Biden administration seems to be acquiescing to calls to secure the southern border. Without walking back any of President Joe Biden’s campaign promises, the Biden administration released a quiet…
Yellen Denies US Economy Is in a Recession Despite Recessionary GDP Numbers
After the U.S. economy met the rule-of-thumb definition for a recession by recording negative growth for two quarters in a row, Treasury Secretary Janet Yellen doubled down on the Biden administration’s view that America’s economy has not, in fact, fallen into a recession. Yellen told a July 28 press conference that “most economists and most…
US Wants to End Dependence on China Rare Earths: Treasury Secretary
SEOUL—The United States wants to end its “undue dependence” on rare earths, solar panels, and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries, U.S. Treasury Secretary Janet Yellen said. Yellen, who arrived in Seoul late on Monday, told Reuters she was pushing for increased…
Yellen Addresses ‘Unacceptably High’ Inflation, Reveals What Biden Admin Will Do Next
Treasury Secretary Janet Yellen on Thursday stated that U.S. inflation is “unacceptably high” following a grim price level report that was issued by the Bureau of Labor Statistics a day before. The Consumer Price Index, a key measure of inflation, rose 9.1 percent year-over-year in June—the highest figure since November 1981. Meanwhile, another indicator, the…
Top House Republican Presses Yellen to Share Records of Hunter Biden’s Foreign Business Dealings
July 6, 2022
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bidenChinacongressExecutive BranchFinance & Business TiesHunter BidenJames ComerJanet YellenPoliticsRepublicansSpecial TopicsTreasury DepartmentUSUS NewsUS-China relations
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A top House Republican is demanding Treasury Secretary Janet Yellen release records on Hunter Biden’s foreign business activities, alleging that the Biden administration’s reluctance to release such details suggest an effort to shield the Biden family from scrutiny. In a letter on July 6, Rep. James Comer (R-Ky.), a ranking member on the House Committee…
Top House Republican Presses Yellen for Records on Hunter Biden’s Foreign Business Dealings
July 6, 2022
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bidenChinacongressExecutive BranchFinance & Business TiesHunter BidenJames ComerJanet YellenPoliticsRepublicansSpecial TopicsTreasury DepartmentUSUS NewsUS-China relations
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A top House Republican is demanding Treasury Secretary Janet Yellen release records on Hunter Biden’s foreign business activities, alleging that the Biden administration’s reluctance to release such details suggest an effort to shield the Biden family from scrutiny. In a letter on July 6, Rep. James Comer (R-Ky.), a ranking member on the House Committee…
US, China Economic Chiefs Hold ‘Candid and Substantive’ Talks
July 6, 2022
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ChinaChina Business & EconomyChina tariffseconomyinflationJanet YellenLiu HePolicies & ImpactsUSUS-China relations
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U.S. Treasury Secretary Janet Yellen had a “candid and substantive” virtual dialogue with Chinese Vice Premier Liu He, the Treasury Department said. During a video call on July 5, Yellen “frankly raised issues of concern including the impact of Russia’s war against Ukraine on the global economy and unfair, non-market” economic practices by the Chinese…
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