Global minimum tax spurned by 9 countries, complicating new deal
A group of 130 nations reached a groundbreaking agreement last week for a global minimum tax rate on corporations, but the tentative deal has been complicated by a handful of countries that refused to endorse the blueprint.
Amazon's new CEO, JOLTS report, Levi Strauss earnings top week ahead
Treasury Secretary Janet Yellen will also head overseas to push for a minimum global tax and outline the administration's priorities on climate change and the economic recovery
Yellen says US could breach debt limit deadline in August if Congress doesn’t act
The U.S. could run out of room to keep paying the government’s bills some time during Congress’s August recess unless lawmakers raise or suspend the federal borrowing limit before then, Treasury Secretary Janet Yellen said Wednesday.
Regulators tell Biden U.S. financial system in good shape - White House
Financial regulators assured President Joe Biden on Monday that the U.S. financial system is in good shape and that financial risks are being mitigated by strong liquidity in the banking system, the White House said.
Yellen says inflation will be higher than Biden administration estimated this year
Treasury Secretary Janet Yellen said Wednesday the White House will raise its inflation forecast for the year in its forthcoming mid-year economic projections.
Yellen pushes Biden's massive budget as she warns of 'destructive' economic forces
Treasury Secretary Janet Yellen on Wednesday made the case for Congress to approve President Biden's massive $6 trillion budget.
G-7 leaders hammer out a global minimum tax for companies. Here's how it would work
President Biden and leaders of the G-7 group of nations formally endorsed a global minimum corporate tax rate on Friday.
Janet Yellen: US economy sidesteps K-shaped recovery
The 2021 U.S. economy is seeing an even rebound, according to Treasury Secretary Janet Yellen but she is asking for funds to help those nations not as fortunate.
Market is ‘ready’ for Fed tapering: Mohamed El-Erian
Queens College Cambridge President Mohamed El-Erian on Treasury Secretary Yellen welcoming higher interest rates.
A G-7 deal on a global minimum tax for companies faces hurdles
An agreement by wealthy countries to impose minimum taxes on multinational companies faces a rocky path to implementation, with many governments likely to wait and see what others, especially a divided U.S. Congress, will do.
China says trade envoy talks with US treasury secretary
China’s chief trade envoy talked with Treasury Secretary Janet Yellen on Wednesday, the Chinese government said, but gave no indication when negotiations on ending their tariff war might resume.
Yellen pitches $13B budget increase for IRS as White House looks to crack down on tax cheats
Treasury Secretary Janet Yellen on Thursday asked Congress to approve an additional $13.2 billion in funding for the IRS, which has seen its budget gutted over the past decade.
Yellen urges Congress to increase Treasury Department funding levels
Treasury Secretary Janet Yellen urged Congress to increase the Treasury Department's budget as it struggles to launch new programs designed to distribute trillions of dollars in federal coronavirus relief.
Secretary Yellen scolded for failure to appear at small business hearing
U.S. Treasury Secretary Janet Yellen provoked the ire of some lawmakers on Capitol Hill who held a small business hearing that the secretary did not attend.
Biden hiking corporate taxes would damage businesses, make US less competitive: Norquist
Americans for Tax Reform President Grover Norquist pushed back Wednesday on U.S. Treasury Secretary Janet Yellen's case for raising the corporate tax rate to help fund President Biden's $2.2. trillion infrastructure plan.
Stocks slide as Yellen calls on businesses to pay more in taxes
Stock investors assessed disappointing housing data and earnings reports from several retailers as well as more calls to raise corporate taxes.
Yellen says corporate tax hike can pay for infrastructure
President Biden is pushing to raise the corporate tax rate to as high as 28%, and has enlisted his top economic advisers to push the message.
Yellen reinforces US commitment to Africa as world emerges from COVID-19 outbreak
U.S. Treasury Secretary Janet Yellen on Tuesday reiterated Washington’s commitment to Africa as the world begins to emerge from the coronavirus pandemic.
Colonial Pipeline’s crypto ransom follows Yellen’s warning
Janet Yellen’s ominous warnings on cryptocurrencies may have just played out for Colonial Pipeline.
Unemployment benefits become target amid hiring difficulty
The country is in a striking predicament, with millions unemployed and businesses that can't find enough people to hire at current wages.