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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 […]










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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 […]




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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 […]







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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 […]




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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, […]




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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 […]




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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 […]