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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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Buying a first home is 'prohibitively expensive' and 'almost impossible' for many, says Janet Yellen

Soaring home prices and surging mortgage rates have ruled out home ownership for many people, said …

Theron Mohamed   


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'We're not about to fold': Janet Yellen says efforts are underway to package a $50 billion loan to Ukraine using frozen Russian funds

"I think we see considerable interest among all of our partners in a loan structure that would brin…

Filip De Mott   


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China's industrial push risks destabilizing the global economy and watering down green-energy exports, Janet Yellen warns

"It is important to the president and me that American firms and workers can compete on a level pla…

Aruni Soni   


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Ukraine needs the West to do more than seize Russian assets, Janet Yellen says

The Treasury Secretary said there was no "real substitute for Congress providing Ukraine the aid it…

George Glover   


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A 'buy bitcoin' sign flashed behind Janet Yellen during a 2017 hearing just sold for $1 million

The sign, scrawled on a yellow legal pad, was held behind Janet Yellen during a 2017 Congressional …

Yuheng Zhan   


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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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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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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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EXCLUSIVE: Janet Yellen's In-N-Out order revealed

Yellen's order is "cheeseburger with fries & onions" but the Treasury Department failed to clarify …

Taylor Berman   


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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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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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The US can afford to give money to both Israel and Ukraine since its economy is doing 'extremely well,' Janet Yellen says

Treasury Secretary Janet Yellen said the US can "certainly" afford to aid Israel and Ukraine in th…

Ayelet Sheffey   


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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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'Rich Dad Poor Dad' author Robert Kiyosaki slams Janet Yellen for trumpeting Bidenomics: 'What is she smoking?'

The Treasury Secretary on Monday cheered President Biden's policies for driving economic growth at …

Zahra Tayeb   


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Treasury Secretary Janet Yellen says China's slump has spillover risks but her US outlook is still positive

"China's slowdown will have the largest impact on its Asian neighbors, but there will be some spill…

Phil Rosen   


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China's ailing economy poses risks – but there won't be a recession in the US, Janet Yellen says

"Our labor market continues to be quite strong — I don't expect a recession," the Treasury Secretar…

George Glover   


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Janet Yellen says she's 'feeling very good' about a soft landing, joining Paul Krugman and Larry Summers in cheering on the US economy

Janet Yellen, like Paul Krugman and Larry Summers, is optimistic that the inflation threat is over …

Zahra Tayeb   


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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