Yellen taps another trust fund to stay below debt ceiling
Synopsis by Reuters Jan 24 23
U.S. Treasury Secretary Janet Yellen activated another extraordinary cash management measure on Tuesday to avoid breaching the federal debt limit ...Read full article 
Reuters: U.S. Treasury activates another maneuver to avoid breaching debt limit
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| Last Updated | Jan 24 23 |
| Total Articles | 8 |
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Treasury takes more extraordinary measures to avoid debt default: Treasury Secretary Janet Yellen is taking another step to temporarily delay the US defaulting ...
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Treasury takes more extraordinary measures to avoid debt default: Treasury Secretary Janet Yellen is taking another step to temporarily delay the US defaulting ...
cnn.com/2023/01/24/politics/debt-ceiling-yellen-extraordinary-measure/
Yellen Reports New Debt-Limit Accounting Maneuver to Congress: Treasury Secretary Janet Yellen advised Congress that her department is deploying an additional ...
bloomberg.com/news/articles/2023-01-24/yellen-advises-of-fresh-extraordinary-us-debt-limit-maneuver
Treasury tells Congress it will suspend some federal retirement funding after debt limit breach
cnbc.com/2023/01/24/debt-limit-treasury-suspends-some-federal-retirement-funding.html
This Is Absurd. The Debt Ceiling Must Be Abolished: U.S. Treasury Secretary Janet Yellen announced last week that the federal government had reached the ...
commondreams.org/opinion/abolish-the-debt-ceiling
Yellen taps another trust fund to stay below debt ceiling: Treasury Secretary Janet Yellen on Tuesday said she would not invest fully in a third government ...
marketwatch.com/story/yellen-taps-another-trust-fund-to-stay-below-debt-ceiling-11674583403
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Google Workers Protest Cloud Contract With Israel's Government: Google employees are staging sit-ins and protests at company offices in New York and California ...
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Quick Glance: Google Employees Rally Against Cloud Agreement with Israel's Government
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- Activists are staging sit-ins at Google offices in New York and California as a form of protest.
- These actions represent an intensification in the resistance against tech companies' association with the Israeli government.
- Employees are urging the immediate termination of the project and condemning the IDF's utilization of Google services.
Yellen calls Republican delays in approving Ukraine aid inexcusable: U.S. Treasury Secretary Janet Yellen on Wednesday underscored the Biden administration's ...
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Yellen Says Nothing Off Table in Response to China Overcapacity: Treasury Secretary Janet Yellen said the US wouldn’t take “anything off the table” in response ...
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White House to announce new sanctions on Iran following Israel airstrike: White House will be imposing new sanctions on Iran, targeting Tehran’s missile and ...
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- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
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- The Presidency cabal is fighting the takeover of four erring banks seized by the Central Bank of Nigeria, allegedly arranging for their cronies to buy the affected banks surreptitiously.
- The cabal allegedly concocted lies to convince President Tinubu to stop the Special Investigator's investigations and shielded suspects from interrogation.
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Yellen, China’s He Agree to Talks Aimed at ‘Balanced Growth’: US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng agreed to set in motion ...
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- US Treasury Secretary Janet Yellen announced intensive talks with China to address America's competitive disadvantages.
- Both sides will engage in intensive discussions on balanced economic growth and initiate exchanges on combating money laundering.
- Yellen emphasized the importance of addressing American concerns regarding overcapacity in Chinese production.
- The meetings will be held under existing economic and financial working group frameworks to address balanced growth and money laundering.
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IMF Steps Up Its Warning to US Over Ballooning Debt
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U.S. to hit Iran with fresh sanctions after Israel attack: It's a subtle message to Israel that there's more than one way to harm Tehran.
axios.com/2024/04/16/iran-sanctions-israel-biden-yellen
Quick Glance: Yellen warns of further sanctions in response to Iran's increasing activities
- Treasury Secretary Janet Yellen warned of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't hesitate to use their sanctions powers to address Iran's 'malign and destabilizing activity' in the region.
- The fast-rising tensions between Iran and Israel and the potential implications of escalation on the global economy are at the forefront of the spring meetings of the International Monetary Fund and World Bank.
- Yellen announced additional sanctions actions against Iran in the coming days and expressed support for liquidating roughly $300 billion in frozen Russian Central Bank assets for Ukraine's reconstruction.
- Another major focus of this year's meetings will be Chinese industrial policy, which Yellen believes poses a threat to U.S. jobs and the global economy. She plans to meet with Chinese counterparts to identify potential areas of cooperation and address concerns.
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Yellen Heads to China This Week to Press Beijing on Overcapacity: US Treasury Secretary Janet Yellen will this week travel to China for the second time in nine ...
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Republican states urge Congress to reject DEI legislation: A host of Republican-led states are urging Congress to reject two Democrat-sponsored bills aimed at ...
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Yellen Waves Yellow Flag as China’s EV Sector Keeps Up Expansion: China’s leading EV makers and suppliers are pressing ahead in the face of a global slowdown ...
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Yellen Threatens Sanctions for China Banks That Aid Russia’s War: US Treasury Secretary Janet Yellen wrapped up four days of talks in China with a warning to the ...
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Quick Glance: US imposes new sanctions on Iran's drone program
- The United States imposed new sanctions Thursday on sixteen people and two entities associated with Iran’s drone program to punish Tehran for the weekend's attack on Israel.
- The sanctions target executives of an engine manufacturer supplying Iran’s Shahad-131 drones, companies servicing the engines, and individuals providing the drones to Iranian proxy forces in the Middle East.
- Coordinated with European allies, the new sanctions aim to disrupt Iran's missile and drone program and isolate the country globally.
- President Joe Biden emphasized the US commitment to holding Iran accountable, utilizing economic tools to counter Iran's activities, as stated by Treasury Secretary Janet Yellen.
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Biden is seeking higher tariffs on Chinese steel as he courts union voters: President Joe Biden wants to triple U.S. tariffs on steel from China ...
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- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
US, China Have Stabilized Relations Over Past Year, Yellen Says: US and China have put their bilateral relationship on a “more stable footing” over the past year ...
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Quick Glance: Biden emphasizes US support for Philippines and Japan
- President Joe Biden reinforced the unwavering U.S. defense commitment to Pacific allies.
- The Philippines and China have faced repeated confrontations in the disputed South China Sea.
- The White House highlighted the significance of the first-ever trilateral summit with Japan and the Philippines as a response to China's attempts at "intimidation".
- The United States, the United Kingdom, and Japan announced joint military exercises in the Indo-Pacific for 2025.
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Would America dare to bring down a Chinese bank?: Janet Yellen promises sanctions for those supporting Vladimir Putin’s war
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What about China’s overcapacity?: China says its industries are simply more competitive
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Yellen Chides China Over ‘Coercive’ Moves Against US Firms: Treasury Secretary Janet Yellen chided China for “unfair” treatment of American and other foreign ...
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Would America dare to bring down a Chinese bank?: Janet Yellen promises sanctions for those supporting Vladimir Putin’s war
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Biden considering Australia's request to drop prosecution of Julian Assange: President Joe Biden says he's considering a request from Australia to drop the ...
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- There is a disparity in the treatment of Assange and Manning, with Obama shortening Manning's sentence while Assange remains under indictment. Supporters of Assange argue he is a journalist protected by the First Amendment who exposed U.S. military misconduct in Iraq and Afghanistan.
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Vietnamese property tycoon sentenced to death over $12bn fraud: State media says Truong My Lan’s crimes eroded public trust in ruling Communist party
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- Truong My Lan, a prominent businesswoman and real estate tycoon, was sentenced to death in Vietnam's largest financial fraud case, marking a shocking development in the country's escalating anti-corruption campaign.
- Born in 1956, Lan founded the Van Thinh Phat company with her family in 1992, which grew to become one of Vietnam's richest real estate firms linked to some of Ho Chi Minh's most valuable properties.
- She was accused of using the bank as her cash cow, illegally controlling it between 2012 and 2022, and using thousands of 'ghost companies' in Vietnam and abroad to give loans to herself and her allies.
- Her arrest in October 2022 falls within a period of increased anti-corruption efforts in Vietnam ramping up since 2022, impacting the country's economic outlook and unsettling foreign investors.
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Takeaways: Iran's attack on Israel raises fears of a wider war: The unprecedented attack by Iran on Israel early Sunday ratcheted up regional tensions ...
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Quick Glance: New Measures Against Iran and Escalation in West Bank
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- To combat the escalation in the Israeli-occupied West Bank, Israeli and Palestinian officials reported the deaths of two Palestinians shot by Israeli settlers on Monday.
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Yellen meets with China's central bank chief, presses case on excess capacity: U.S. Treasury Secretary Janet Yellen warned China on Monday that Washington will ...
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Janet Yellen says tariffs are on the table to stop a 'China Shock' as official urges U.S. not to 'politicize'
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The Hidden Costs of Homeownership Are Skyrocketing: Rising insurance premiums, property taxes and maintenance costs show little sign of abating ...
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Janet Yellen's Visit to China: Key Stocks and Sectors for Traders to Watch: US Treasury Secretary Janet Yellen’s mission to address the threat of cheap ...
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Yellen launches contentious meetings on Chinese excess production threat: U.S. Treasury Secretary Janet Yellen on Friday kicks off four days of talks with senior ...
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China’s Economic Moves Threaten U.S., European Companies. Yellen Is Pushing Back.
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Paid articlePaid Biden’s polite Trumpism on China: Communication matters precisely because the structural problem between the pair is probably insoluble
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China's overcapacity is here to stay: China's factories will keep chugging along, regardless of what overseas officials like Janet Yellen say. On Monday the U.S ...
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Treasury Secretary Janet Yellen Thinks Global, Eats Local on Road Trips: We already know Janet Yellen’s ideal lunch date: the late, legendary English economist ...
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China's Solar Manufacturing Boom: Market Forces, Not Words, Can Fix Overcapacity
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Yellen: It’s ‘neither practical nor desirable’ to cut off economic relations with China
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Stock Markets Today: Yellen threatens sanctions, US rate-cut bets: Get up to speed with what the markets are monitoring
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Janet Yellen defends herself against Chinese dumping practices: At the end of her four-day visit to China, the US Treasury Secretary once again accuses the ...
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What the TikTok Bill Gets Wrong: Congress Should Regulate All Social Media Apps—Not Just Chinese Ones
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Paid articlePaid US and China plan talks on economic growth including manufacturing ‘overcapacity’ issue, Yellen says
apnews.com/article/us-china-yellen-economics-trade-tariffs-diplomacy-cb17ca4ed180e9b2d30ac5cdc12e1cb0
Quick Glance: US and China Reach Accord on New Talks for 'Balanced' Economic Growth
- The United States and China have agreed to hold 'intensive exchanges on balanced growth', as stated by the US Treasury Department, following two days of discussions between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou.
- These planned talks signify the latest advancement in joint efforts to stabilize relations between the world's top two economies since a meeting between Presidents Joe Biden and Xi Jinping last November.
- Yellen emphasized that these exchanges will facilitate a discussion on macroeconomic imbalances, including the link to overcapacity, and her intention to advocate for a fair playing field for American workers and companies.
- The US Treasury Secretary cautioned against China's overcapacity risks and highlighted the importance of dialogue to avoid potential conflicts, noting progress in the talks and the structured continuation of discussions as crucial.
Abu Ghraib survivors bring their torture claims to a US court: Twenty years ago this month, photos of abused prisoners and smiling U.S. soldiers guarding them at ...
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"Expand or die": China's solar companies now also want Western state aid: China is flooding the world with cheap, heavily subsidized solar modules ...
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Judge in Trump’s classified files case agrees to protect witness identities: The federal judge presiding over the classified documents case against former ...
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Quick Glance: Judge to Redact Witness Names in Trump's Case
- The federal judge overseeing Donald Trump's case agreed to protect potential government witnesses.
- The dispute over witness information in pretrial documents has slowed down the case.
- The judge agreed to protect witness identities but refused to seal the substance of witness statements.
- In light of prior criticisms, the judge appears to ease tensions by redacting witness names.
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Quick Glance: Simon Harris Becomes Ireland's Youngest Prime Minister
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- A rapid riser in Ireland's political hierarchy, Harris has made a name for himself as Health Minister and most recently as Minister for Higher Education and Science. His political identity as a young politician has been marked by both supporters and critics, particularly standing out with younger voters and on social media platforms like TikTok.
- Varadkar's government grappled with challenges such as housing crisis and increasing immigration numbers. Harris inherits a tough political landscape, especially with upcoming elections until March 2025. The political landscape in Ireland has shifted, with Sinn Fein emerging as a rising political force, leading to a shift in the traditional party landscape.
- While Harris sees the idea of a potential reunification of Ireland as a legitimate aspiration, his focus remains on current challenges like housing crisis, rising cost of living, and immigration. Despite political changes and discussions about potential reunification, Ireland's future remains uncertain and complex.
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US criticism of Chinese overcapacity rehashes 'China threat' rhetoric, Xinhua says
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Janet Yellen tackles China over flood of cheap goods: Janet Yellen has kicked off her second visit to China as US treasury secretary with a warning of the risk ...
cnn.com/2024/04/04/business/yellen-us-china-economic-relations-hnk-intl/
Quick Glance: Yellen Warns China of Overproduction Risks
- Janet Yellen has warned China during her second visit as US Treasury Secretary about the risks to jobs and businesses posed by the overproduction of certain goods.
- Yellen highlighted the consequences of the overcapacity of Chinese goods in key industries such as electric vehicles and solar panels, stating that this could impact American firms, workers, and companies globally.
- She discussed potential trade barriers that could be considered if China does not respond to warnings about overcapacity, emphasizing that China is flooding the global market with cheap, state-subsidized products.
- Yellen emphasized the importance of a level playing field for companies and workers in both countries and continued her discussions on bilateral cooperation in areas such as climate change and financial stability with Chinese counterparts.
Yellen faces tough road on China's excess capacity problem: U.S. Treasury Secretary Janet Yellen arrives in China's southern factory hub of Guangzhou on Thursday ...
reuters.com/business/energy/yellen-faces-tough-road-chinas-excess-capacity-problem-2024-04-04/
Biden and Xi discuss Taiwan, AI and fentanyl in a push to return to regular leader talks
apnews.com/article/biden-xi-china-yellen-ai-taiwan-fentanyl-c3317fae3e45b04cffcda5bb63adee56
US fears Russia is beginning to see signs of fatigue among Ukraine's allies: US Treasury Secretary Janet Yellen has said that the United States and the G7 ...
pravda.com.ua/eng/news/2024/04/17/7451651/
How Biden Can Win on the Economy: Stop Mass Layoffs: The federal government awards approximately $700 billion per year in federal contracts; what if the Biden ...
commondreams.org/opinion/biden-economy-layoffs
Exclusive | Big Corporate Mergers Get Fresh Tax Scrutiny in Washington: Two senators—a Democrat and a Republican—want to end tax-free corporate mergers like the ...
wsj.com/finance/big-corporate-mergers-get-fresh-tax-scrutiny-in-washington-49492194
Five Things You Need to Know to Start Your Day: Asia: Good morning. Joe Biden and Xi Jinping spoke by phone. Stocks and bonds dropped around the globe ...
bloomberg.com/news/newsletters/2024-04-02/five-things-you-need-to-know-to-start-your-day-asia
Judge denies Trump bid to dismiss classified documents prosecution: A federal judge has refused to throw out the classified documents prosecution against Donald ...
apnews.com/article/donald-trump-jack-smith-classified-documents-b862ec627ac0070e5353ac324d8d333f
Yellen Chides China Over ‘Coercive’ Moves Against US Firms: Treasury Secretary Janet Yellen chided China for “unfair” treatment of American and other foreign ...
bloomberg.com/news/articles/2024-04-05/yellen-starts-china-tour-with-warning-on-factory-overcapacity
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