Treasury Secretary Janet Yellen will visit India this week to meet with finance ministers of the Group of 20 (G20) nations before continuing on to Vietnam for bilateral talks, the Treasury Department said on Thursday. Ms. Yellen will travel to Gandhinagar, India, from July 13 to 21 to participate in the G20 meetings of finance…
Yellen Traveling to India for G20 Summit, Vietnam for Bilateral Talks
July 14, 2023
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Yellen Revises Default Date to June 5, Easing Pressure on Debt Ceiling Negotiations
Treasury Secretary Janet Yellen revised the projected X-date for the budget ceiling to June 5, pushing back the threat of a default on the nation’s financial obligations for four days. Yellen updated the prediction on the afternoon of May 26, revising the previous estimate of “early June” given in January and later revised to “potentially…
NTD News Today (May 8): Yellen Warns of ‘Constitutional Crisis’; Lawmakers Respond To Leaked DeSantis Videos
May 8, 2023
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U.S. Treasury Secretary Janet Yellen on Sunday said that a failure by Congress to act on the debt ceiling could trigger a “constitutional crisis.” Lawmakers are responding to leaked videos of Florida Governor Ron DeSantis preparing for a debate with then-president Donald Trump in 2018. Tucker Carlson’s attorney says his client will not be silenced,…
Yellen Warns US Could Default by June 1 If Debt Limit Not Raised
May 1, 2023
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The United States could default on its financial obligations as early as June 1 unless Congress takes action to raise the nation’s $31.4 trillion debt ceiling, according to Treasury Secretary Janet Yellen. Yellen announced the news in a letter to House Speaker Kevin McCarthy (R-Calif.) on May 1. “After reviewing recent federal tax receipts, our…
IRS Report Fails to Provide Key Details, Republican Lawmakers Say
April 7, 2023
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House Ways and Means Committee Chairman Jason Smith (R-Mo.) has criticized the IRS for failing to provide essential information in its much-anticipated report released on April 6. The tax agency unveiled its strategic operating plan in the report, disclosing how it plans to use the $80 billion in new funding provided by the Democrats’ Inflation…
Cassidy Accuses Biden of Dodging Meetings on Social Security
March 16, 2023
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Policies & ImpactsPoliticsSen. Bill Cassidy (R-La.)senate finance committeeTreasury Secretary Janet YellenUS
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Frustrations rose on the Senate Finance Committee as Sen. Bill Cassidy (R-La.) questioned Treasury Secretary Janet Yellen about President Joe Biden’s intention concerning Social Security, which is projected to become insolvent in nine years. During the March 16 hearing, Cassidy zeroed in on the apparent lack of consideration for the ailing retirement program in the…
IRS Call Return Rate Rises Above 80 Percent with 4,000 New Employees: Yellen
The IRS has consistently answered 85 to 90 percent of phone calls from taxpayers during the current tax preparation period, up from 13 percent a year ago Treasury Secretary Janet Yellen said on March 16. The improvement is due in part to the hiring of more than 4,000 new customer service workers, funded through the…
Biden’s Green Budget Threatens Americans’ Access to Affordable Energy: Senate Republicans
March 16, 2023
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In a letter to Treasury Secretary Janet Yellen, Sen. John Barrasso (R-Wyo.) and 21 of his colleagues denounced what they described as the Biden administration’s most recent attempt to use the tax code as a weapon against American energy producers. The March 16 letter is in response to President Joe Biden’s fiscal year 2024 budget…
Yellen Says Republican Debt Ceiling Plan ‘Risky and Dangerous’
Treasury Secretary Janet Yellen offered senators no assurance that a Republican plan to prioritize payment of the nation’s bills to avoid default could be achieved due to the size and complexity of the government’s payment operation. “There is a reason that Treasury secretaries of both parties have rejected this incredibly risky and dangerous idea, and…
Biden Administration Supports Global Tax That Favors China
March 15, 2023
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Commentary America is scraping the financial bottom of a debt crisis while overloaded with high taxes and navigating between the shoals of inflation and the sandbars of recession. President Joe Biden’s administration, meanwhile, wants to have all the pros without acknowledging any of the cons—by taxing more, spending more, growing the debt and, inscrutably, inventing…
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