Treasury Secretary Janet Yellen said she will hold a meeting Thursday with top financial market regulators to discuss recent trading volatility that saw shares like GameStop soar, fueled by online communities seeking to build buying momentum and profit from heavily shorted stocks. “We really need to make sure that our financial markets are functioning properly,…
Yellen Convenes Meeting to Probe GameStop Volatility and Ensure ‘Markets are Functioning Properly’
Senators Urge Treasury Secretary to Curb Dark Money Campaign Spending
Sens. Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) urged Treasury Secretary Janet Yellen to crack down on dark money spending in political campaigns. In a letter to Yellen (pdf), the two senators argued for the Treasury Department and the Internal Revenue Service (IRS) to impose curbs on campaign spending by nonprofit organizations formed as 501(c)(4)…
Yellen Calls Meeting With Financial Regulators Over GameStop Trading Frenzy
Treasury Secretary Janet Yellen is set to meet with financial regulators to discuss market volatility, including frenzied trading of GameStop stock. Yellen will meet with officials from the Securities and Exchange Commission, the Federal Reserve, the New York Fed, and the Commodity Futures Trading Commission, a Treasury Department spokesperson told news outlets. “Secretary Yellen believes…
U.S. Treasury Secretary Pledges Cooperation With UK on Pandemic
In her first overseas phone call, U.S. Treasury Secretary Janet Yellen and her UK counterpart discussed co-operating to end the CCP virus pandemic, support a robust economic recovery, and tackle international tax issues. On her first day on the job after being sworn into office on Jan. 26 as the first female head of the…
US Treasury Secretary Pledges Cooperation With UK on Pandemic
In her first overseas phone call, U.S. Treasury Secretary Janet Yellen and her UK counterpart discussed co-operating to end the CCP virus pandemic, support a robust economic recovery, and tackle international tax issues. On her first day on the job after being sworn into office on Jan. 26 as the first female head of the…
Biden, Yellen Call for Swift Action on CCP Virus Relief Package
President Joe Biden on Friday pushed Congress to act quickly on a proposed economic relief package as the White House attempted to gain bipartisan support for the $1.9 trillion measure. “The choice couldn’t be clearer. We have learned from past crises that the risk is not doing too much. The risk is not doing enough….
French, US Finance Chiefs Agree to Push Cross-Border Tax Reform
January 28, 2021
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Bruno Le MaireEuropeFrench Finance MinisterJanet Yellentaxing multinational businessesUSUS NewsWorld
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PARIS—French Finance Minister Bruno Le Maire and his new U.S. counterpart Janet Yellen agreed on Thursday to seek an international agreement on new rules for taxing multinational businesses, the French finance ministry said after the pair’s first calls since Yellen took office. Paris and Washington clashed during the Trump administration over France’s tax on digital…
Senate to Hold Hearing on Stock Market as White House Defends Yellen Over Wall Street Ties
A Senate panel will hold a hearing on the stock market amid an unprecedented wave of actions taken against investors, an incoming chairman said Thursday, as the White House defended Treasury Secretary Janet Yellen over her ties to Wall Street. Stocks like GameStop and AMC have exploded in growth in recent days, bolstered by a…
What to Expect From Bidenomics
January 28, 2021
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BidenomicsinflationJanet YellenJoe Bidenminimum wageOpinionpublic debtstagflationU.S. economyViewpoints
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Commentary On Tuesday, Jan. 19, 2021, the Treasury secretary designate Janet Yellen outlined before the Senate Finance Committee the likely course of President Joe Biden’s economic policies in the months ahead. Given the fragile state of the U.S. economy as a result of Covid-19, Yellen favors Biden’s $1.9 trillion spending plan to provide support to the…
Senate Confirms Janet Yellen as Secretary of the Treasury
The U.S. Senate has confirmed Janet Yellen as the nation’s 78th secretary of the Treasury. The 84–15 Senate confirmation vote late Jan. 25 marks the first time a woman will take up the role. Yellen, 74, is also the oldest to hold the role in recent history. Yellen is the third member of President Joe…
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