Treasury Secretary Janet Yellen sought to reassure markets and lawmakers that the government will protect U.S. bank deposits amid a rash of bank failures.
A GOP plan to pay off certain debts to avoid default instead of passing a debt ceiling bill is a “dangerous idea,” said Yellen.
Sen. Mark Warner, D-Va., is set to introduce the legislation with Sen. John Thune, R-S.D., at a news conference Tuesday afternoon.
Commerce Secretary Gina Raimondo said the U.S. will channel CHIPS and Science Act funds into semiconductor manufacturing clusters by 2030.
Chinese Vice Premier Liu He discussed U.S. tech policy toward China in a meeting with U.S. Treasury Secretary Janet Yellen, the Ministry of Commerce said.
Sen. Sherrod Brown, chair of the Senate Banking, Housing and Urban Affairs Committee, urged Treasury Secretary Janet Yellen’s help after the FTX collapse.
The Dept. of Education began notifying borrowers that they are approved for student debt forgiveness, but lawsuits are still blocking relief.
Commerce Secretary Gina Raimondo backs the Biden administration’s new rules against U.S. companies and citizens helping China manufacture semiconductors.