
Treasury Secretary Janet Yellen will warn Congress in a speech later Friday morning that a ...

Janet Yellen warns shutdown would be ‘dangerous and unnecessary’
Move to increase engagement follows Treasury secretary Janet Yellen’s visit to ...

US and China to launch economy and finance working groups to stabilise ties

An increasingly autocratic government is making bad decisions

Why China’s economy won’t be fixed
Quick Glance: China's Economy: No Solution in Sight
- An increasingly autocratic government is making poor decisions.
- China experienced the most spectacular growth in history since rejoining the world economy in 1978.
- A chronic growth shortfall would be worse in China due to higher poverty levels.
- China was the only major economy to respond adequately to the global financial crisis of 2007-09 with stimulus.

U.S. Treasury Secretary Janet Yellen told Reuters that a "soft-landing" ...

Yellen says U.S. 'soft landing' can weather strike, govt shutdown, student loan risks
Quick Glance: Yellen warns against government shutdown, sees no signs of economic downturn
- US Treasury Secretary Janet Yellen warns against a government shutdown and sees no signs of an economic downturn.
- Yellen emphasizes that the US labor market is strong and inflation is decreasing.
- The central bank's actions are affecting the housing market, but consumer spending remains strong.

The federal government reviews and can block business activity of ...

Yellen details tighter scrutiny of investment plans of foreign-owned companies in the U.S.

Treasury Secretary Janet Yellen went after House Speaker Kevin McCarthy (R-Calif ...

Yellen
McCarthy needs to ‘do his job’ on funding government

Britain’s Prince William and wealthy entrepreneurs Bill Gates and Michael ...

Prince William, billionaires Gates and Bloomberg say innovation provides climate hope
Improved communications to allow discussions of "contentious" issues and how Chinese ...

Scoop
Yellen's plan for a diplomacy breakthrough with China

Treasury Secretary Janet Yellen will travel to the battleground state of Georgia ...

Janet Yellen Goes to Georgia to Tout Over $1 Billion in Infrastructure Spending

The U.S. Treasury on Tuesday released new principles for "net-zero" financing ...

U.S. Treasury
Banks' 'net zero' pledges must align with temperature limits

Vietnam Prime Minister Pham Minh Chinh reiterated his request for greater US market ...

Vietnam PM Asks Janet Yellen for Better US Market Access on UNGA Sidelines

U.S. Treasury Secretary Janet Yellen said on Tuesday whether Washington would show ...

US stance on Japan yen intervention 'depends on details' of situation -Yellen

US officials led by Treasury Secretary Janet Yellen are seeking by year’s end to ...

BlackRock, Other Financial Titans Gear Up to Fight Too-Big-to-Fail Label Threat

“I am feeling very good about that prediction,” Treasury Secretary Janet Yellen told Bloomberg when asked whether the U.S ... Show more
US Treasury sets out new voluntary ‘principles’ to spur investment and combat ...

NY climate week
Yellen warns of ‘significant economic costs’ of climate change

Historian Timothy Snyder said Ukrainians have shown what 3% of the US military ...

Ukraine has provided the first "audit in practice" of the US Defense Department

Climate change is the focus of dozens of events in New York this week ...

Climate Finance Update
Janet Yellen, Ursula von der Leyen Speak at Forum

U.S. Treasury official Brent Neiman visited Hong Kong on Thursday, the highest ranking ...

US Treasury official visits Hong Kong in bid to deepen ties with China

US Treasury Secretary Janet Yellen will head to the United Nations General Assembly in New York ...

Yellen Heads to UN General Assembly With Focus on Climate Fight

Janet Yellen, like Paul Krugman and Larry Summers, is optimistic that the inflation ...

Janet Yellen 'feeling very good' about soft landing as inflation fades

US Treasury Secretary Janet Yellen on Friday said that the group ...

G20
US Treasury Secretary Janet Yellen in India, bats for major reforms at World Bank | WION

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

Tax frozen Russian assets to fund Ukraine's rebuild, Janet Yellen says

Currency traders preparing for this week’s policy decisions from the Federal Reserve and ...

Yellen, Kanda Put Spotlight on Yen (JPY USD) Intervention as Fed Looms
There is a risk of undermining faith in dollar holdings and reducing western leverage in dealings with ...

The dilemma over transferring Russian assets to Ukraine

Good morning. Janet Yellen sounds a note of optimism about a US soft landing. Morocco races to rescue survivors ...

Soft Landing
The Bloomberg Open, Europe Edition
So far, the UAW stoppage has impacted just a small portion of the workforce with limited ...

Striking unions impacting the economy at a level not seen in decades

US Treasury Secretary Janet Yellen on Friday said that the group ...

G20
US Treasury Secretary Janet Yellen in India, bats for major reforms at World Bank | WION

The cooling of labor market tells investors that the Fed may finally be able to make a dovish ...

Jobs report
Why the stock market is cheering rising unemployment

U.S. Treasury Secretary Janet Yellen will travel to New Delhi to participate in the G20 ...

Yellen to attend India G20 summit, focus on economy, climate, Ukraine

The new study comes ahead of a potential strike by ...

Janet Yellen's Treasury Department found that joining a union is among the most effective ways to get a raise

A new report from the Treasury Department is singing the praises of labor unions as several high-profile ...

Treasury touts labor unions during ‘summer of strikes’

Treasury Secretary Janet Yellen cast unions as a panacea for economic ...

Kamala Harris, Janet Yellen Tout Labor Unions With Release of US Treasury Report

Treasury Secretary Janet Yellen made a robust pitch in the swing state of Nevada ...

Yellen upbeat on US economy, says Bidenomics is driving investment, job growth
Quick Glance: Yellen optimistic about US economy, Bidenomics driving investment and job growth
- Yellen praises positive impact of Biden's policies on job growth and competitiveness
- Biden and his cabinet are focused on promoting long-term growth and resilience to future shocks
- Yellen acknowledges potential risks such as China's slowing growth, Russia's war in Ukraine, and climate change

« There was a delicious mushroom dish, » Treasury Secretary Janet Yellen said of a dinner ...

Yes, Janet Yellen ate magic mushrooms. Here’s why she didn’t get high.

US Treasury Secretary Janet Yellen has stressed the need for diversified clean energy supply chains as ...

Yellen calls for diversified clean energy supply chains

Daemein Hargrove, 21, recently dropped plans for a four-year college degree to sign up for an ...

Yellen's Las Vegas stop shows Bidenomics can be a tough sell
Quick Glance: Yellen's Las Vegas Appearance Highlights Challenges of Bidenomics
- Americans like Hargrove are experiencing the benefits, but it remains uncertain if this approach will secure the votes Biden needs in 2024.
- Yellen addressed the persistently low polling numbers for Biden and his handling of the economy, stating that a large and growing share of Americans feel good about their personal situation, despite giving the overall economy negative ratings.
- Harrison believes the administration is not doing enough to engage with swing states like this one.
- She plans to vote for Biden again.

The Fitch Ratings has downgraded the U.S. credit rating, citing an expected ...

Fitch downgrades US credit rating, citing mounting debt and political divisions
Quick Glance: Historic Credit Rating Downgrade Causes Stocks to Fall
- US markets fell on Wednesday following the downgrade of US debt from AAA to AA+ by Fitch.
- JPMorgan Chase CEO Jamie Dimon called Fitch's downgrade of US debt "ridiculous".
- Janet Yellen criticizes Fitch's downgrade of US debt.
- Fitch's downgrade is unlikely to impact the status of Treasuries as a safe asset.

“The world has really been very focused on how to deal with a strong China” for some ...

Bloomberg New Economy
A Weakened Chinese Economy May Be Bad for Everyone

Treasury Secretary Janet Yellen will next week advance the growing effort among administration ...

Treasury Secretary Janet Yellen Makes Bidenomics Sales Pitch

Joe Biden is leading an administration-wide effort to mark the one-year anniversary of the ...

Biden, Yellen Lead Blitz to Celebrate Inflation Reduction Act

Even after Fitch's surprise downgrade, the US holds the same credit rating as Canada and is seen as ...

Fitch's US credit-score downgrade is no economic disaster
Quick Glance: US credit rating downgraded to AA+
- Fitch, an independent agency, lowered the credit rating from AAA to AA+.
- Fitch observed a consistent decline in governance over the past 20 years.
- US Treasury Secretary Janet Yellen criticized the downgrade as "arbitrary".
- Yellen expressed "strong" disagreement with Fitch's decision.

Markets reacted nervously to the loss of the U.S.'s top rating from ratings agency Fitch. Some feel reminded of 2011.

Fitch downgrades USA
How bad is this?

U.S. Treasury Secretary Janet Yellen will highlight the U.S. economy's continuing ...

Yellen to tout U.S. economy's resilience, jobs recovery in major speech

Major improvements to online tools could speed refunds by four weeks for American who ...

IRS expects faster refunds in 2024 for people who stop using paper
Quick Glance: IRS to Expedite Refunds for Millions of Taxpayers
- The Paperless Processing Initiative aims to reduce the millions of paper documents the IRS receives annually.
- By next year’s filing season, taxpayers will be able to digitally file all correspondence, non-tax forms, and responses to notices.
- This will improve IRS service by eliminating errors from manually inputting data from paper returns, speeding up processing, and delivering refunds four weeks sooner.
- Additionally, 150 of the most used non-tax forms will be available in digital, mobile-friendly formats, and up to 1 billion historical documents will be digitized, providing taxpayers access to their data and saving approximately $40 million in storage costs annually.
The long-awaited effort to prohibit Americans from sending money to some Chinese companies could inflame ...

Biden unveils plans to screen US investments in China

The Internal Revenue Service will allow most taxpayers to go paperless by 2025 ...

Yellen Touts Next Phase of IRS Upgrade With ‘Paperless’ Push

The dismissive reaction to a US downgrade was revealing. Fiscal trends and ...

Fitch Was Right
Political Dysfunction and Reckless Fiscal Policy Impair US Debt

Union workers make more money and have more benefits. That could make it easier for them to ...

Treasury
Middle-class workers are falling behind. Unions could help

The IRS says it is ending its decades-old policy of making ...

IRS is ending unannounced visits to taxpayers to protect worker safety and combat scammers
Quick Glance: US IRS ends unannounced visits to taxpayers
- The U.S. Internal Revenue Service (IRS) is ending its policy of unannounced visits to taxpayers by agency revenue officers.
- The change aims to reduce public confusion and enhance safety measures for taxpayers and employees.
- There will still be a few situations where unannounced visits will occur, such as in service of summonses and seizures.

Just a week after her visit to China, US Treasury Secretary Janet ...

Janet Yellen India Visit
Yellen to push for debt restructuring process for low-income nations
Quick Glance: Yellen eager to collaborate with China on debt and global challenges
- Yellen expresses eagerness to work with China on areas of mutual interest, including debt restructurings for poorer countries.
- Multilateral development banks need reforms before considering capital increases.
- Yellen emphasizes the importance of the G20 meeting and urges the participation of all bilateral official creditors in pending debt restructurings.
- The United States remains committed to implementing the global minimum tax deal, despite the lack of action by the U.S. Congress.

U.S. Treasury Secretary Janet Yellen said on Monday the United States was making good progress in ...

Yellen does not see recession in U.S.
Bloomberg interview

U.S. Treasury Secretary Janet Yellen has told top ...

Yellen visits Vietnam to build US ties and push supply chain diversity to offset tensions with China

The aim was to repair America’s damaged relationship with Beijing, but Janet Yellen’s visit to China ended ...

Janet Yellen ate ‘hallucinogenic’ mushrooms in China

The Treasury Secretary on Monday cheered President Biden's policies for driving economic ...

Kiyosaki slams Yellen for touting Bidenomics
'What is she smoking?'

The United States is working with India to develop an investment platform to lower the ...

Yellen
US working with India on platform to speed energy transition
Treasury secretary Yellen says it would be ‘premature’ to ease tariffs on Chinese goods

US officials downplay hopes of end to restrictions on China trade
Quick Glance: US officials dampen hopes of ending China trade restrictions
- Treasury Secretary Yellen says it would be 'premature' to ease tariffs on Chinese goods.
- Top Biden administration officials dimmed hopes of an immediate easing of tariffs against China on Sunday while signaling potential for a more constructive relationship with Beijing.
- Speaking ahead of a meeting of G20 finance ministers and central bankers in India, US Treasury Secretary Janet Yellen expressed eagerness to work closely with China on areas of 'mutual concern' following a recent four-day trip that she said improved the relationship.
- However, during a press conference, Yellen emphasized that while it would be useful to find ways to de-escalate tensions over time, it is 'premature' to relax trade restrictions.

Treasury Secretary Janet Yellen said the strong but cooling labor ...

Strong but cooling labor market key factor in slowing US inflation, Treasury secretary says

Helping the world’s low-income countries will be a central topic as U.S. Treasury Secretary ...

Janet Yellen Calls for Accelerating Debt Relief for Poor Nations

LIVE: US Treasury Secretary Janet Yellen speaks to Bloomberg Surveillance about China, Ukraine, and the G-20 gathering in India trib.al/anPGG1W


Good afternoon. Here’s what you need to know to end your day.

Fitch Dominoes
The Bloomberg Close, Americas Edition

US Treasury Secretary Janet Yellen said restrictions the Biden administration ...

Treasury's Yellen Says US Investment Curbs Won’t ‘Fundamentally’ Hurt China

U.S. Treasury Secretary Janet Yellen apparently ate mushrooms ...

Intoxicating diplomacy
Janet Yellen creates hype in China about hallucinogenic mushrooms.

Stephen S. Roach warns that targeted bilateral actions will not resolve ...

US-China Decoupling by the Numbers | by Stephen S. Roach
Project Syndicate

#FPVideo : Finance Minister Nirmala Sitharaman, US Treasury Chief Yellen discuss India-US partnership
Indian Finance Minister Nirmala Sitharaman met US Treasury ... Show more

Treasury Secretary Janet Yellen is traveling to India and Vietnam next week ...

Yellen Heads to G-20 for Third Visit to Friend-Shoring Pal India

Treasury Secretary Janet Yellen said the weather-related havoc playing out across ...

Treasury’s Yellen Says Extreme Weather Exposes Gaps in Insurance Protection

US Treasury Secretary Janet Yellen has voiced concern over the impact of the war in Ukraine on the global economy, stressing that the US will continue support ... Show more

Debt restructuring talks made little progress during the third finance meeting of the ...

Debt restructuring talks at G20 meet hurt by differences, low attendance

Growth is faltering and the country is flirting with deflation | Finance & economics

How much trouble is China’s economy in?
Quick Glance: China's Economy Loses Momentum in Q2
- The challenges faced by the world's second-largest economy will increase global growth pressure and intensify calls for additional stimulus measures from Beijing, more than six months after China eased strict Covid-19 controls.
- In the second quarter, the economy grew by 6.3 percent year-on-year due to a low-base effect from last year when major cities like Shanghai were under extended lockdown.
- The Reuters poll had predicted a growth rate of 7.3 percent.

Treasury Secretary Janet Yellen said the US should look for ways to further “de-escalate” ...

Yellen Eyes China De-Escalation, But Lifting Tariffs ‘Premature’

It is not necessary for Western leaders to travel to the dictators’ home turf to tell them ...

How China uses diplomatic visits to manipulate and exploit the West

Investors are getting paid — finally — for holding medium-term bonds

Citi's Bailin Is `Back in Love' With the 60-40 Portfolio Strategy

Redoubling support for Ukraine is the best way to improve the international ...

Yellen
Redoubling Ukraine support 'single best thing' for global economy

FM Nirmala Sitharaman addresses PC along with US Secretary of Treasury Janet Yellen in Gandhinagar #NirmalaSitharaman #Gandhinagar #g20

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