The United States has officially reached its statutory debt limit (pdf) of $31.381 trillion on Jan. 19 as was predicted by Treasury Secretary Janet Yellen in a letter to Congress (pdf) on Jan. 13. The Treasury Department will now have to implement extraordinary measures to prevent default on the national debt. In her letter, Yellen explained that…
US Reaches Debt Ceiling, Forcing Treasury Into ‘Extraordinary Measures’
Kevin McCarthy: Debt Limit Should Be Treated ‘Like Our Own Household’
House Speaker Kevin McCarthy (R-Calif.) previewed Republicans’ strategy regarding how to handle the U.S. debt limit after Treasury Secretary Janet Yellen warned that the limit will be reached next week. Analysts say the debt ceiling battle will turn into a political showdown, with some Republicans tying raising the debt limit with other provisions. Some said…
Treasury Secretary Warns Congress US Will Hit Debt Ceiling Within a Week
Treasury Security Janet Yellen warned the United States is projected to hit its $31.4 trillion debt borrowing limit by next week, according to a letter she sent to congressional leaders on Friday. In a letter (pdf) to House Speaker Kevin McCarthy (R-Calif.), Yellen wrote that according to projections, the country will hit the debt ceiling…
Comer Presses Treasury to Hand Over Records of ‘Suspicious Business Transactions’ as Biden Family Investigation Moves Forward
The new chair of the House Oversight Committee has requested information from the Department of the Treasury on the Biden family’s and their associates’ “suspicious business transactions” as part of the panel’s pledge to probe the Biden family’s foreign business dealings and “international influence peddling schemes.” Rep. James Comer (R-Ky.), chairman of the House Committee…
Janet Yellen’s Not-so-Good Name
Commentary Treasury Secretary Janet Yellen, who last year assured the nation that inflation was only a fleeting bogeyman, recently took to the pages of the Wall Street Journal to sell the Biden snake oil of a U.S. economy that we are supposed to believe is “resilient,” “strong,” “healthy,” and “robust” thanks to this administration’s endless…
US Inflation Will Be Much Lower by End of 2023: Yellen
U.S. Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in U.S. inflation in 2023, barring an unexpected shock. “I believe by the end of next year you will see much lower inflation if there’s not … an unanticipated shock,” she told CBS’ ’60 Minutes’ in an interview released Sunday. Asked about the likelihood…
Yellen, Malerba Become 1st Female Pair to Sign US Currency
Treasury Secretary Janet Yellen and U.S. Treasurer Lynn Malerba on Thursday became the first female pair to sign U.S. currency. Yellen joked during a stop in Texas about the bad handwriting of some of her predecessors and said, “I will admit, I spent some quality time practicing my signature.” “Two women on the currency for…
Yellen, Malerba Become First Female Pair to Sign US Currency
Treasury Secretary Janet Yellen and U.S. Treasurer Lynn Malerba on Thursday became the first female pair to sign U.S. currency. Yellen joked during a stop in Texas about the bad handwriting of some of her predecessors and said, “I will admit, I spent some quality time practicing my signature.” “Two women on the currency for…
Yellen Contradicts Biden, Sees No Reason to Investigate Musk’s Twitter Deal
Democrats have been debating whether Twitter’s new ownership poses national security risks and warrants an investigation since billionaire Elon Musk’s acquisition of the social media platform late last month. However, Treasury Secretary Janet Yellen says that there is “no basis” for a probe into the Twitter deal. Yellen’s comments came after President Joe Biden indicated…
Yellen Says Some Russia Sanctions Could Remain Even If Ukraine War Ends
November 14, 2022
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U.S. Treasury Secretary Janet Yellen announced that some sanctions on Russia would likely remain in place even if the war in Ukraine ends. Yellen, who is attending the annual G-20 summit in Bali, Indonesia, said that any eventual peace agreement would generally involve a review of the sanctions that the United States and its allies have imposed…
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