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You Searched For "Treasury Secretary" and got 20 results


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The US expands sanctions against Russia-friendly institutions as Treasury chief Janet Yellen says the Kremlin is 'desperate' for outside help

The Kremlin is "desperate for access to the outside world," Janet Yellen said, announcing new sanct…

Filip De Mott   


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There's a 'meaningful' chance the Fed's next move is a rate hike, former Treasury Secretary Larry Summers says

"There's a meaningful chance, maybe it's 15%, that the next move is going to be upwards in rates, n…

Yuheng Zhan   


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3 mins read

Biden announces plan to cap rent increases at 5% for half of American rental households

A record number of renters can't afford their housing costs. Biden wants to discourage big rent inc…

Eliza Relman,Dan Latu   


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Trump's trade and tax policies are the new hot-button topic dividing economists and market experts

Many notable economists are sounding the alarm on the inflationary impact of Trump's proposals. Oth…

Filip De Mott   


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A top Russian banker says Russia's payment methods should be a 'state secret' because the West keeps shutting them down so fast

Top Russian central banker Elvira Nabiullina admitted intense pressure surrounding payments, but sa…

Huileng Tan   


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Trump's trade and immigration policies are an 'elixir for stagflation' that could tip the US into recession, JPMorgan strategy chief says

A Trump election victory could trigger a policy shock to the economy, as his immigration and tariff…

Filip De Mott   


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4 mins read

Biden and Trump have wildly different approaches to bringing home prices and rents down

Biden has pushed for more federal involvement in housing policy. Trump proposed massive cuts to fed…

Eliza Relman   


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New US sanctions take aim at Iran's 'sprawling' network of shadow banks fueling Russian and Houthi operations

Nearly 50 entities and individuals were sanctioned on Tuesday for funding an illicit network in Ira…

Filip De Mott   


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3 mins read

Supply-chain hot spot Vietnam rolled out the red carpet for Putin, and the US is trying to act cool

The US is among Vietnam's largest trading partners, accounting for trade worth $111 billion in 2023.

Huileng Tan   


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The US Treasury will reportedly send officials to China to smooth out economic tensions between the superpowers

The two days of talks will cover a range of market and business practices that have caused friction…

Yuheng Zhan   


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There's a huge pay raise on the way for clean energy workers

The Treasury Department unveiled a new rule that says developers could get bigger tax credits if th…

Juliana Kaplan   


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1 min read

The door is slamming shut on a $50 billion tax loophole used by the superrich

The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…

Geoff Weiss   


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Trump's plan to hike tariffs instead of raising taxes could cause the 'mother of all stagflations,' policymakers warn

The Treasury secretary, Janet Yellen, and her predecessor Larry Summers called out Trump's plan to …

Filip De Mott   


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Fed policy isn't very tight and the market is 'at the foothills of bubbles,' former Treasury Secretary Larry Summers says

Summers previously predicted there's about a 15% chance the Fed actually raises rates again, and he…

Jennifer Sor   


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1 min read

Frozen Russian assets should be taxed to fund Ukraine's rebuild, Treasury Secretary Janet Yellen says

Janet Yellen signaled her support for a plan to tax profits made on frozen Russian assets on Wednes…

George Glover   


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3 mins read

The IRS says its direct file program saved Americans $5.6 million in filing fees. Now they're making it permanent.

Over 100,000 Americans filed their taxes using the IRS's free new program last year. Now, it's stic…

Juliana Kaplan   


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Western countries are lining up to name and shame China for overproduction

G7 finance chiefs criticized China's industrial overproduction, saying they will consider taking st…

Huileng Tan   


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1 min read

China's economy is hitting a wall after years of optimism, former Treasury Secretary Larry Summers says

"No one should conclude that we can be complacent about the Chinese geopolitical challenge," former…

Zahra Tayeb   


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Bidenomics could make inflation worse, former US Treasury Secretary Larry Summers says

"We do not have a problem of a shortfall of jobs … We do have a problem with costs."

Jennifer Sor   


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Former Treasury Secretary Larry Summers faces backlash from Jim Bianco, Paul Krugman for inflation 'chart crime'

Larry Summers got panned for posting a graph suggesting inflation now could be behaving the same wa…

Zahra Tayeb