Treasury Secretary Janet L. Yellen said on Sunday that regulators were working throughout the weekend to deal with the fallout from the collapse of Silicon Valley Bank but tried to […]
Yellen, Janet L
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Back to news homeCan A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
WASHINGTON — The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could […]
Wall St. Is Counting on a Debt Limit Trick That Could Entail Trouble
“This so-called prioritization scheme makes Republicans’ priorities pretty clear — crystal clear, if I may add,” Karine Jean-Pierre, the White House press secretary, said on Jan. 17. “They want to […]
The U.S. Hit Its Debt Limit. What Happens Next?
The United States hit a limit this week on how much money it can borrow, forcing the Treasury Department to initiate so-called extraordinary measures to make sure the nation has […]
America Hit Its Debt Limit, Raising Economic Fears
WASHINGTON — The United States hit its debt limit on Thursday, prompting the Treasury Department to begin using a series of accounting maneuvers to ensure the federal government can keep […]
How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
“Debt limit impasses have also repeatedly disrupted implementation of Treasury’s cash management policy — with knock-on effects for money markets,” Joshua Frost, assistant Treasury secretary for financial markets, explained in […]
U.S. Will Hit Debt Limit on Thursday, Yellen Tells Congress
WASHINGTON — Treasury Secretary Janet L. Yellen warned on Friday that she would have to begin employing “extraordinary measures” on Thursday to continue paying the nation’s bills if lawmakers did […]
Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions
Officials “think there is space here for Europe and others, frankly, to take similar steps,” a senior administration official told reporters this week in a background briefing previewing Mr. Macron’s […]
G20 Leaders Meet in Bali as Global Economy Faces Multiple Threats
The Chinese description of the meeting suggested that those policies, and others meant to redirect American supply chains away from China, “completely violate the principles of market economy and undermine […]
Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20
She added, “It’s important for us to explain why we’re doing things, how it’s delineated, that it’s not an attempt to completely paralyze China’s economy and stop its development.”Despite Ms. […]