A resurgence in dumb phones in the U.S. may be tied to concerns about the mental health impact of smartphones, especially among younger generations.
A GOP plan to pay off certain debts to avoid default instead of passing a debt ceiling bill is a “dangerous idea,” said Yellen.
Treasury will exhaust its emergency measures sometime between July and September unless Congress raises the debt ceiling, the Congressional Budget Office says.
Twitter stopped working for many users on Wednesday, forcing them to use the scheduled tweets function if they wanted to post updates.
The Strategic Production Response Act requires agencies to lease federal land for oil and gas drilling to offset drawdowns. It’s unlikely to become law.
Yellen previously said she believes the U.S. government can keep paying its bills until at least early June by deploying extraordinary measures.
Japan’s central bank will meet this week amid soaring bond yields and a strong yen, with some economists expecting it to scrap its yield curve control policy.
Treasury Secretary Janet Yellen wrote House Speaker Kevin McCarthy, “It is unlikely that cash and extraordinary measures will be exhausted before early June.”
Former President Donald Trump’s tax returns, released Friday, show he was hurt by a $10,000 SALT cap. But tax experts say he may have been able to sidestep it.
European Union energy ministers agreed to a “dynamic” cap on natural gas prices Monday after two months of intense negotiations.
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