U.S. Treasury Secretary Janet Yellen said Thursday that gas prices, which just reached $5 a gallon in some U.S. states, were unlikely to fall soon. Yellen also said she expected the U.S. economy to “absolutely” slow down amid the Federal Reserve’s rising interest rates, but that there’s “nothing” to suggest the country would face a…
Gas Prices Unlikely to Fall Soon, but ‘Nothing’ Suggests Oncoming Recession: Yellen
Capitol Report (June 9): GOP Accuses Dems of Jan 6 ‘Political Theatre’; Protests Continue at Justice Kavanaugh’s Home
June 9, 2022
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After one year of investigations into the Jan. 6 Capitol breach, the House select committee has prepared a public hearing. Republicans are calling it a political stunt timed just before the midterm elections. Jan. 6 is back in the spotlight. Were the events that took place that day a threat to democracy or a political…
Capitol Report (June 7): Gun Rights Debate Rages on in Washington; DHS Warns of More Violence in US
June 7, 2022
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The lawn of the National Mall was covered with flowers to memorialize lives lost to gun-related deaths. Democratic lawmakers joined activists to urge Congress to follow through on restricting gun rights—even if they need to make compromises to gain the support needed across the aisle. We were in Denver, Colorado, over the weekend where we…
Yellen Denies Report That She Pushed for a Smaller COVID-19 Relief Package
WASHINGTON—Treasury Secretary Janet Yellen on Saturday said she never pushed for cuts to President Joe Biden’s $1.9 trillion American Rescue Plan (ARP), rebutting a media report in which a biographer was quoted as saying she favored scaling it back to avoid inflation. “I never urged adoption of a smaller American Rescue Plan package, and I…
Capitol Report (June 1): Sec. Yellen Admits Miscalculated Inflation; Key Factors Driving Inflation?
June 1, 2022
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Treasury Secretary Janet Yellen admitted that she was wrong about rising inflation. She was among those who initially said that inflation would be temporary, if at all. Vance Ginn is chief economist at the Texas Public Policy Institute, and he’ll be joining us to assess the key factors driving inflation. What’s the administration’s latest step…
Yellen: Not Legal for US to Seize Russian Official Assets
May 20, 2022
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BONN, Germany—The United States does not have legal authority to seize Russian central bank assets frozen due to its invasion of Ukraine, Treasury Secretary Janet Yellen said on Wednesday, but talks with U.S. partners over ways to make Russia foot the bill for Ukraine’s post-war reconstruction are starting. Yellen also said it is likely that…
Capitol Report (May 17): Top US Officials Testify on UFOs; Inflation Higher Than Projected
May 17, 2022
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In the first open hearing on UFOs in more than 50 years, what did top Pentagon officials say and not say to the American public? Plus, how does it relate to our national security? With true inflation likely much higher than the 8.3 percent number released by the government, how are the folks in California,…
‘Raised by a Black Woman in Abject Poverty’: Sen. Scott Refutes Biden Official’s Abortion Narrative
May 11, 2022
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Sen. Tim Scott (R-S.C.) Tuesday rebutted Treasure Secretary Janet Yellen’s narrative about abortion during a Congressional hearing. Yellen suggested that abortions mainly happen among teenage women, especially black and low-income teenage women. “In many cases, abortions are of teenage women, particularly low-income and often black, who aren’t in a position to be able to care…
Treasury’s Yellen Says US Financial System Operating in ‘Orderly Manner’
WASHINGTON—Treasury Secretary Janet Yellen said on Monday the U.S. financial system was functioning in an “orderly manner” despite the current stock market sell-off, and valuations of some assets remain high compared to historical values. In prepared testimony for a Senate Banking Committee hearing on Tuesday, Yellen said the Financial Stability Oversight Council (FSOC) will continue…
Musk’s Friends Provide Funding To Buy Twitter; Wall St Slumps Amid Volatile Trading | NTD Business
A Senate committee passes a bill to pressure the OPEC oil cartel. It could lead to U-S lawsuits over price collusion. Elon Musk calling for a probe into some far-left groups. They’re pressuring companies to boycott Twitter if Musk changes the rules for content moderation. Treasury Secretary Janet Yellen saying Biden’s pandemic spending did contribute…
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