The unusual meeting signals interest in maintaining U.S.-China relations. Ambassador Xie Feng of the People’s Republic of China (PRC) visited the Pentagon on Wednesday, attending a 90-minute meeting…
Read MoreTreasury Secretary Yellen
Treasury Secretary Commends Zambia’s Debt Restructuring
The troubled nation receives an extension on debt repayment. Secretary of the Treasury Janet Yellen commended Zambia’s debt restructuring agreement this week. Many African countries are deeply in…
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Secretary Yellen Outlines Climate Strategies
Financial ministers hear priorities for developing climate action. Secretary of the Treasury Janet Yellen spoke before the Coalition of Finance Ministers for Climate Action last week, discussing the…
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Treasury Secretary Speaks Before Racial Equity Advisory Committee
Requests input on the implementation of the Inflation Reduction Act. Treasury Secretary Janet Yellen spoke with the Treasury Advisory Committee on Racial Equity recently, requesting guidance on how…
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Debt Deal Passed by House Heads to Senate
Senator Schumer plans to fast-track the legislation. Senate Majority Leader Chuck Schumer of New York said there is no time to tamper with changes to the debt ceiling…
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House to Vote on Debt Ceiling
Reservations on the bill remain strong. The House of Representatives is expected to vote on a bill to suspend the debt ceiling Wednesday evening. The bill was negotiated…
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Court Sets Hearing on Debt Limit Law
Federal judge to hear arguments on constitutionality. Federal Judge Richard Stearns of the U.S. District Court for Massachusetts has set May 31 at 2 p.m. to hear arguments…
Read MoreTreasury Updates Debt Ceiling Deadline
Negotiations on the debt ceiling continue between Speaker McCarthy and President Biden. UPDATE: 5/26, 2023, 5:30 PM EST In a letter to Congress, Treasury Secretary Janet Yellen narrowed…
Read MoreSecretary Yellen Reaffirms June 1 Budget Deadline
She presses Congress to strike a deal. Treasury Secretary Janet Yellen wrote another letter to Congress this week, reaffirming that the federal government could run out of money…
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White House Postpones Debt Limit Meeting to Next Week
President’s staff continues its planning. Friday, May 12, had been set as the next time President Biden and top legislators would meet to try to hammer out a…
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