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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Land Near Military Bases Off Limits to Foreign Buyers
New rule on barriers proposed by Treasury Department. The U.S. Treasury Department has proposed a new rule that would establish barriers for non-Americans seeking to purchase land near…
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Treasury Secretary Congratulates New World Bank President
Secretary Yellen voices support for Ajay Banga’s ability to form climate policy. Secretary of the Treasury Janet Yellen congratulated Ajay Banga last week after he was elected president…
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President Biden Calls for May 9 Budget Meeting
He says a draft budget is needed before June 1. President Joe Biden called on the four party leaders of Congress to attend a federal budget meeting at…
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Treasury Reports $129 Billion Brought In on Tax Day
Financial analysts watching 2022 tax receipts closely. The Department of the Treasury released the daily financial statement for the annual tax filing deadline last week, showing a total…
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Medicare Trustees Predict Fund Exhausted by 2031
The president’s proposed budget would protect it, HHS Secretary says The Hospital Trustee Fund, which pays for patient care and hospital stays for senior citizens, will be exhausted…
Read MoreSecretary Yellen Proposes Treasury Budget for 2024
Secretary highlights the IRS, anti-Russia efforts, and recent bank saves as part of her budget proposal. Secretary Janet Yellen testified before the House Committee of Financial Services and…
Read MoreTreasury Secretary Says Financial Sector Stabilizing
The department continues support for banks, advocates for regulation updates Secretary of the Treasury Janet Yellen said that she believes that the financial sector is beginning to recover…
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Two Cabinet Secretaries May Visit China
White House announces the U.S. in discussions with Beijing officials. The White House National Security Coordinator John Kirby stated that Treasury Secretary Janet Yellen and Commerce Secretary Gina…
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