Congress, Economy
Debt ceiling sets up major battle in Congress(The Center Square) – U.S. Secretary of the Treasury Janet L. Yellen sent a letter to congressional leaders Thursday notifying them the agency has begun taking “extraordinary measures” as the… Read More
Biden administration
U.S. racial equity committee, its leader criticized on multiple levels(The Center Square) – A new equity committee at the U.S. Department of Treasury has sparked controversy and drawn the scrutiny of lawmakers on Capitol Hill. The Treasury Department said… Read More
Inflation
Former U.S. Treasury secretary says unemployment rate needs to rise to curb inflation(The Center Square) – The unemployment rate needs to rise in order to ease the effects of inflation, former U.S. Treasury Secretary Larry Summers says. According to the … Read More
Economy
U.S. Treasury Secretary says recession is not inevitable, CEOs say it is on the way(The Center Square) – U.S. Treasury Secretary Janet Yellen says that a recession is not inevitable, comments that have been met with skepticism by business leaders. In an … Read More
National
Yellen to testify on Biden budget after admitting she was wrong on inflation(The Center Square) – U.S. Treasury Secretary Janet Yellen will testify before the Senate Finance Committee Tuesday, just days after she admitted she was wrong about inflation earlier in President… Read More
National
U.S. Treasury Secretary says she was wrong about inflation(The Center Square) – U.S. Treasury Secretary Janet Yellen admitted this week she was wrong and underestimated inflation, which continues to soar. During an interview with CNN's Wolf Blitzer Tuesday,… Read More
National
Democrats consider new tax to fund trillions in social spending, but critics are wary(The Center Square) – The White House is reportedly considering a new tax on the investments and assets of wealthier Americans to help fund several trillion dollars in proposed social… Read More