Yellen convenes Friday meeting with top US regulators as crisis engulfs banking sector
The Financial Stability Oversight Council met on Friday morning amid continued fallout from a spate of bank failures and fears of a broader financial crisis.
Yellen says US will take more action to protect smaller banks if needed
U.S. regulators are willing to take drastic actions to protect small and mid-sized banks amid fears of deposit runs that "pose the risk of contagion."
Regional and community banks rally to call for FDIC backup
Mid-sized regional banks and community banks around the country are urging regulators to consider lifting the FDIC's threshold for uninsured deposits after they granted exceptions.
Biden's IRS targets small businesses, families: Army of 87,000 agents must be defunded
There’s no denying that President Biden, Secretary Yellen and Democrats want to tax, target and surveil everyday Americans’ private finances at every turn.
What Yellen told Congress means big trouble for your wallet in 3 key areas
Treasury Secretary Janet Yellen delivered a lot of spin before the Senate Finance Committee this week. Yellen spoke about Silicon Valley Bank and President Joe Biden's budget.
CCP-linked Silicon Valley Bank depositors could be 'made whole' by US: Yellen
Treasury Secretary Janet Yellen said that Chinese Communist Party-linked (CCP) depositors of Silicon Valley Bank could be "made whole" by the U.S. banking system.
Yellen says US banking system 'remains sound' in wake of recent turmoil
Silicon Valley Bank collapsed late Friday morning after a run on the bank, roiling global financial markets amid fears of a possible liquidity crisis.
The FDIC and your bank deposits: What to know
After the FDIC seized Silicon Valley Bank, some customers knew their money was insured, others were left hanging until regulators stepped in.
Goldman Sachs economist 'no longer' expects March rate hike in wake of Silicon Valley Bank collapse
Goldman Sachs economist Jan Hatzius said his company no longer expects a Fed rate hike later this month as the federal government announced actions to help stabilize banks.
Rep. Khanna says progressives should be the most concerned amid SVB collapse if Biden admin 'doesn’t step up'
California Democrat Rep. Ro Khanna called out the Biden administration after the SVB collapse, stating progressives should be concerned as the administration fails to take action.
Yellen says no bailout for Silicon Valley Bank: ‘We’re not going to do that again’
Treasury Secretary Janet Yellen said Sunday that federal government bailouts are not coming for Silicon Valley Bank, which collapsed last week.
Yellen doesn't deny that 90% of new IRS audits would affect those making under $400K
U.S. Treasury Secretary Janet Yellen testified before the House Ways and Means Committee on Friday, where she was confronted with data that suggests up to 90% of new IRS audits will hit taxpayers making less than $400,000, which she did not deny.
Yellen says US banking system 'remains resilient' in wake of SVB collapse
Silicon Valley Bank collapsed late Friday morning after a run on the bank, roiling global financial markets amid fears of a possible liquidity crisis.
Yellen answers whether IRS will consider race, gender in audits as part of Biden 'equity' push
Treasury Secretary Janet Yellen testified to members of Congress on Friday after President Biden released his 2024 budget proposal on Thursday, which called for tax hikes.
Janet Yellen makes surprise Ukraine visit
Treasury Secretary Janet Yellen made a surprise visit to Kyiv on Monday, meeting with Ukrainian President Zelenskyy to reinforce America's commitment to supporting the country.
US slaps new sanctions on Russia over Ukraine war, raises tariffs
The U.S. Treasury Department announced new sanctions against individuals and companies tied to Russia's defense sector to hobble Russia's war machine.
Yellen warns China of 'serious consequences' in helping Russia skirt US sanctions
China would face serious repercussions if helped China evade a slew of Western sanctions, Treasury Secretary Janet Yellen said ahead of a G20 meeting.
Congressional Budget Office says US could 'run out of cash' by summer if Congress doesn't act
The U.S. could default on its debt sometime this summer if Congress doesn't raise the debt the $31.4 trillion debt ceiling, the Congressional Budget Office projected Wednesday.
Yellen warns of 'unsustainable' debt loads — but she wasn't talking about the US
U.S. Treasury Secretary Janet Yellen recently spoke at a think tank where she warned that high levels of government debt are "unsustainable."
Janet Yellen: 'You don't have a recession' with unemployment at 50-year low
Despite stubbornly high inflation and rising interest rates, the economy may avoid a recession this year, according to Treasury Secretary Janet Yellen.