Treasury Secretary Janet Yellen said the surprise OPEC+ oil production cut was an “unconstructive act,” which could hurt U.S. efforts to lower inflation.
Emergency federal actions to back up customers of Silicon Valley Bank and Signature Bank could be used again if necessary, Treasury Secretary Janet Yellen said.
Following SVB collapse, regulators will do whatever it takes to protect deposits in U.S. banks, Treasury Secretary Janet Yellen told senators.
You may have to rely on FDIC insurance if your bank fails. Here’s how to make sure your money is fully covered.
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.
Treasury Secretary Janet Yellen warned that defaulting on the debt ceiling would lead to financial catastrophe.
Yellen previously said she believes the U.S. government can keep paying its bills until at least early June by deploying extraordinary measures.
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.
Treasury Secretary Janet Yellen wrote House Speaker Kevin McCarthy, “It is unlikely that cash and extraordinary measures will be exhausted before early June.”
Sen. Sherrod Brown, chair of the Senate Banking, Housing and Urban Affairs Committee, urged Treasury Secretary Janet Yellen’s help after the FTX collapse.
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