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Janet Yellen Says U.S. Economy is Not in a Recession
On Thursday, U.S. Treasury Secretary Janet Yellen stated that the administration is focused on bringing prices down and that the U.S. is not in a recession, despite GDP slump.
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Treasury Secretary Warns About Continued High Inflation
During a Senate Finance Committee hearing Tuesday, Treasury Secretary Janet Yellen said she expects inflation to remain high and that lowering inflation should be the Treasury Department’s top priority.
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Social Security Fund Will Be Able to Pay Benefits One Year Longer Than Expected, Treasury Says
The Social Security trust fund will be able to pay out benefits for a year longer than prior estimates, the Treasury Department said.
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Treasury Secretary: Abortion Ban Would Hurt US Economy and ‘Set Women Back Decades'
Treasury Secretary Janet Yellen’s appearance before a Senate committee took an unexpected and tense detour into the abortion debate Tuesday when senators questioned her about the potential impact of an abortion ban on the American economy.
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Yellen: Restricted Access to Reproductive Health Care Hurts Economic Opportunity
During a Senate committee hearing Tuesday, Treasury Secretary Janet Yellen was questioned about the potential impact of an abortion ban on the American economy.
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Yellen, Ukraine Official Walk Out of Russia's G-20 Remarks
Treasury Secretary Janet Yellen and Ukraine’s Finance Minister Serhiy Marchenko walked out of a Group of 20 meeting Wednesday as Russia’s representative started talking
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Finance Heads Urged to Boost Fight Against Food Insecurity
Treasury Secretary Janet Yellen has urged world finance leaders to “get concrete” as they look for ways to combat a looming crisis over food insecurity around the globe that Russia’s war in Ukraine has made worse
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Yellen Warns That War in Ukraine Will Have ‘Enormous' Global Economic Impact
Treasury Secretary Janet Yellen cautioned Wednesday that Russia’s attack on Ukraine could cause a major hit to the global economy.
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U.S. Sanctions Global Network of Firms Helping the Russian Military Evade Export Controls
The sprawling group of front companies and middlemen identified by U.S. officials stretches from Moscow to Britain, France, Singapore, Malta and Spain.
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Venture Capital Fund Backed by Russian Oligarch Abramovich Removes All Traces of Operations Online
A venture capital fund backed by sanctioned Russian billionaire Abramovich appears to be trying to wipe any trace of its operations since he was sanctioned.
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Treasury Secretary Yellen: The U.S. Should Have Moved Faster Toward Renewable Energy
Treasury Secretary Janet Yellen spoke to CNBC’s Andrew Ross Sorkin about the United States’ goals on both climate and national security.
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Treasury Secretary Yellen Sees No Need for China Sanctions as U.S. Tries to Deter Aid to Russia
Treasury Secretary Janet Yellen on Friday said she does not believe the U.S. should impose sanctions on China as a partner to Russia.
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How Americans Can Cut Costs and Save Amid the Pain of Record Inflation
Higher prices are not going away any time soon. However, experts say there are steps you can take to protect your money.
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The New Maya Angelou Quarters Could Help Redefine ‘Freedom' in America: ‘What a Beautiful Thing'
In January, the U.S. Mint released quarters featuring Maya Angelou, the first U.S. coins ever to honor a Black woman. Their design is just as symbolic, too.
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10-Year Treasury Yield Is Steady at 2% as Investors Digest Inflation Data and Russia-Ukraine War
U.S. Treasury yields slipped on Friday morning, as investors digested inflation data released in the previous session.
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Treasury Secretary Janet Yellen Says Americans Will Likely See Another Year of ‘Very Uncomfortably High' Inflation
Treasury Secretary Yellen said that Americans are likely to see another year of “very uncomfortably high” inflation due to Russia’s war in Ukraine.
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Bitcoin Up 8% After Biden Announces Executive Order on Cryptocurrencies
Bitcoin and other cryptocurrencies were higher Wednesday after President Joe Biden announced his highly anticipated executive order on digital assets.
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Economic Sanctions Cripple Russian Economy as Ruble Plunges, Interest Rates Soar
Sanctions have restricted Moscow’s access to foreign currencies and sent Russians running to withdraw cash to conserve the purchasing power.
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Biden Touts Wage Growth, Slower Inflation Forecasts After Another Surge in Prices
Biden touted wages and forecasts for weaker price growth even after the consumer inflation report showed prices are rising at their fastest clip in 40 years.
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Fed Influence, Shaky Forecasts, Delayed Decisions: How the Biden Administration Misread the Inflation Threat
The Biden administration misread the rising threat of inflation for a variety of reasons, according to several economists and current and former officials.