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, Janet L
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Back to news homeYellen 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 […]
U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The United States faces an “elevated risk” of running out of cash to pay its bills between June 2 and 13 if Congress does not raise or suspend the nation’s […]
The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. Bonds
It’s come to this.Because of the debt ceiling crisis, a corner of the financial markets sees the U.S. government as a riskier borrower over the next month or so than […]
Debt Ceiling: U.S. Could Run Out of Cash by June 1, Yellen Warns
WASHINGTON — Treasury Secretary Janet L. Yellen said on Monday that the United States could run out of money to pay its bills by June 1 if Congress does not […]
Trickling Tax Revenue Complicates Debt Limit Talks
WASHINGTON — A vote by House Republicans last week to lift the nation’s debt limit in exchange for deep spending cuts was the first step in what is likely to […]
A Timeline of How the Banking Crisis Has Unfolded
First Republic Bank was seized by regulators and sold to JPMorgan Chase on Monday, the latest casualty of a banking crisis that has seen other troubled lenders collapse in March.Silicon […]
The Fabulous Yields, and Lurking Risks, of Money Market Funds
The markets have been rocky ever since the Federal Reserve started raising interest rates to combat inflation last year.Stocks and bonds have lost money. The costs of financing a car, […]
Yellen Calls for ‘Constructive’ China Relationship
WASHINGTON — Treasury Secretary Janet L. Yellen on Thursday called for a “constructive” and “healthy” economic relationship between the United States and China, one in which the two nations work […]
I.R.S. Unveils $80 Billion Plan to Overhaul Tax Collection
WASHINGTON — The Internal Revenue Service on Thursday unveiled an $80 billion plan to transform itself into a “digital first” tax collector focused on customer service and cracking down on […]