President Biden escalated his confrontation with China on Wednesday by signing an executive order banning new American investment in key technology industries that could be used to enhance Beijing’s military […]
Treasury Department
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Back to news homeU.S. Credit Rating Is Downgraded by Fitch
The long-term credit rating of the United States was downgraded on Tuesday by the Fitch Ratings agency, which said the nation’s high and growing debt burden and penchant for brinkmanship […]
Janet Yellen’s Trip to China: No Breakthroughs But 10 Hours of Talks
Treasury Secretary Janet L. Yellen came to China amid hopes that the United States could restart a relationship that has been deteriorating for years and had gotten off the rails […]
Janet Yellen’s Trip to China: 3 Takeaways
The deep chill between the United States and China moderated a little over the past few days as Treasury Secretary Janet L. Yellen held marathon talks with a new group […]
Janet Yellen Faces a Diplomatic Test in Her Visit to China
At her confirmation hearing in early 2021, Treasury Secretary Janet L. Yellen struck a tough tone on China, describing it as America’s most important strategic competitor and pledging to confront […]
Yellen’s China Visit Aims to Ease Tensions Amid Deep Divisions
The last time a U.S. Treasury secretary visited China, Washington and Beijing were locked in a trade war, the Trump administration was preparing to label China a currency manipulator, and […]
Energy Tax Credits, Meant to Help U.S. Suppliers, May Be Hard to Get
In April, Vice President Kamala Harris visited Qcells, a solar panel manufacturing facility in Dalton, Ga., to announce an early triumph of the Inflation Reduction Act: Summit Ridge Energy, one […]
Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout
In the days after November’s midterm elections, Treasury Secretary Janet L. Yellen was feeling upbeat about the fact that Democrats had performed better than expected and maintained control of the […]
Yellen Expects U.S. to Run Out of Cash by June 5 as Debt Talks Continue
Treasury Secretary Janet L. Yellen said on Friday that the United States will run out of money to pay its bills on time by June 5, moving the goal post […]
How the G7 Oil Price Cap Has Helped Choke Revenue to Russia
In early June, at the behest of the Biden administration, German leaders assembled top economic officials from the Group of 7 nations for a video conference with the goal of […]