Tag Archives Janet Yellen

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Yellen Warns Of ‘Economic and Financial Chaos’ If Congress Fails To Act On Debt Ceiling

Yellen warned Sunday of historical economic consequences if the U.S. defaults on its debt payments

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Treasury Secretary Janet Yellen warned on Sunday that “financial and economic chaos would ensue,” if the U.S. fails to raise the debt ceiling by early June and strongly urge Congress to take decisive action to avoid an “economic calamity” ahead of President Biden’s meeting with “Big Four” Congressional leadership Tuesday.

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Economy/Finance Zone

Silicon Valley Bank Collapses As Regulators Seized Control

The closure of Silicon Valley Bank, the 16th largest U.S. bank marks the second-largest bank failure in history

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Silicon Valley Bank collapsed Friday with financial regulators rushing in to seize control over the tech-focused lender’s assets and liabilities following a frenetic week that saw an unsuccessful attempt to raise capital triggering a depositor exodus.

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Congress ReportSee All in Congress Report

House Republicans To Choose New Speaker Nominee: Live Update

House Republicans To Choose New Speaker Nominee: Live Update

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McCarthy Launches Formal Impeachment Inquiry Into Biden

McCarthy Launches Formal Impeachment Inquiry Into Biden

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Kennedy Stumps Biden Judicial Nominee with Basic Questions on Constitution

Kennedy Stumps Biden Judicial Nominee with Basic Questions on Constitution

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McCarthy Officially Boots Schiff & Swalwell From Intel Committee

McCarthy Officially Boots Schiff & Swalwell From Intel Committee

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46Economy/Finance Zone

U.S. Hits Debt Limit, Triggering ‘Extraordinary Measures’ To Avoid Default

U.S. Hit Its Statutory Debt Limit, Setting Up Bitter Standoff Between Republicans & Biden

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The U.S. government hit its statutory $31.4 trillion debt limit Thursday, Treasury Secretary Janet Yellen announced, prompting the Treasury to start taking “extraordinary measures” in order for the nation to avoid a catastrophic default for at least the next few months.

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Markets + Economics

Fed FOMC November Meeting: Live Updates
Economy/Finance Zone

Fed FOMC November Meeting: Live Updates

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Consumers Continue To Feel The Heat As Inflation Burnt July 4th Cookouts
Economy/Finance Zone

Consumers Continue To Feel The Heat As Inflation Burnt July 4th Cookouts

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Fed Chair Powell’s Senate Banking Committee Testimony
Economy/Finance Zone

Fed Chair Powell’s Senate Banking Committee Testimony

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First Citizens Bank Strikes Deal To Acquire Collapsed Silicon Valley Bank
Economy/Finance Zone

First Citizens Bank Strikes Deal To Acquire Collapsed Silicon Valley Bank

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46Economy/Finance Zone

Yellen Warns U.S. Will Hit Debt Limit In Less Than a Week

The U.S. To Hit Debt Ceiling In Less Than A Week, Spending Fight Battle Brewing On Capitol Hill

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The U.S. is expected to reach its borrowing limit next Thursday, causing the Treasury Department to begin deploying “extraordinary measures” that buys the federal government enough time to starve off the specter of a debt default until at least early June as Washington kicks off a contentious debt ceiling battle.

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White House

Yellen Warns Of ‘Economic and Financial Chaos’ If Congress Fails To Act On Debt Ceiling

Yellen Warns Of ‘Economic and Financial Chaos’ If Congress Fails To Act On Debt Ceiling

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Biden Makes Suprise Visit to Embattled Kyiv as War Nears One-Year Mark

Biden Makes Suprise Visit to Embattled Kyiv as War Nears One-Year Mark

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Biden’s 2023 State of the Union Address

Biden’s 2023 State of the Union Address

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Biden to Revive ‘Billionaire Minimum Tax’ in State of The Union Address

Biden to Revive ‘Billionaire Minimum Tax’ in State of The Union Address

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 Biden Says He Bears No Responsibility For Rising Inflation

 Biden Says He Bears No Responsibility For Rising Inflation

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46Economy/Finance Zone

Yellen: Fed Will Need ‘Luck’ & ‘Some Skills’ To Get ‘Soft Landing’

Treasury Sect. Yellen says the Federal Reserve needs "luck" and skills to avoid an economic crash

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Treasury Secretary Janet Yellen struck a hopeful tone in the Federal Reserve achieving a soft landing, saying the Central Banks will need some “luck” and “some skills,” but warned that a looming recession will be a “risk” for the Biden administration in the upcoming months.

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