Tag: Finance/Treasury Department

Yellen urges Congress to act quickly on debt ceiling or risk ‘economic catastrophe’

U.S. Treasury Secretary Janet Yellen on Sunday urged Congress to raise or suspend the nation’s debt ceiling or risk “widespread economic catastrophe.” In an op-ed column published by the Wall Street Journal, Yellen noted that the U.S. has never defaulted, and said it must not now. Sen. Mitch McConnell, R-Ky., has steadfastly refused to to… […]

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Biden’s executive order targeting big business and competition: full text

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote the interests of American workers, businesses, and consumers, it is hereby ordered as follows:   Section 1.  Policy.  A fair, open, and competitive marketplace has long been a cornerstone of the American […]

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Yellen says higher interest rates would be ‘a plus’: report

U.S. Treasury Secretary Janet Yellen said in an interview Sunday that higher interest rates would be “a plus” for policy makers. Speaking with Bloomberg News following a G-7 finance ministers’ meeting in London, Yellen said it’s OK if President Joe Biden’s $4 trillion spending plans trigger inflation and higher rates. Source link

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