Janet Yellen exiting office, leaving mess behind for Trump team
Donald Trump's whiplash-inducing “Hunger Games”-style race to become Treasury Secretary has left the media wondering what's going on with Janet Yellen and the absolute legacy she's leaving behind for her successor. It became easier to ignore the confusion. It was revealed on Friday that Yellen, who will replace hedge fund tycoon Scott Bessent as treasury […]
Yellen sounds alarm on 'deeply misguided' tariffs as Trump digs in
Treasury Secretary Janet Yellen is expected to call for a significant increase in U.S. tariffs in a speech to the Council on Foreign Relations on Thursday, offering a thinly veiled criticism of former President Donald Trump's plan to raise import taxes. According to prepared remarks, Yellen will decry high universal tariffs as inflationary and harmful […]
Yellen on 'soft landing' prediction: 'I believe that’s exactly what we’re seeing in the economy'
Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy is on the verge of a “soft landing,” as she predicted two years ago when inflation spiked in the wake of the pandemic. “There was a lot of anxiety about the economy and about the Biden administration's management of the economy,” journalist Ron […]
WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax dodgers, Yellen says – PBS NewsHour
WASHINGTON (AP) — The IRS has collected $1.3 billion from wealthy tax evaders since last fall, the agency announced Friday, thanks to spending that has boosted collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law for 2022. Treasury Secretary Janet Yellen and IRS Commissioner Danny Wuerfel traveled to […]
Yellen makes case for Inflation Reduction Act's clean energy tax credits in North Carolina
Treasury Secretary Janet Yellen on Thursday hailed the success of the Inflation Control Act's clean energy tax credit and argued that any effort to roll it back would be a “historic mistake.” “Some people want to eliminate the credits that I talked about today,” Yellen said at Wake Tech Community College in Raleigh, N.C. “As […]
Janet Yellen Calls For $78,000,000,000,000 To Tackle Climate Change
The global transition to a low-carbon economy needs $78 trillion in funding by 2050, U.S. Treasury Secretary Janet Yellen said in a speech in Belem, Brazil, on Saturday. Yellen said the world needs $3 trillion a year in funding to reach the goal of net-zero global carbon emissions, a top priority for the Biden administration. […]
Yellen Sanctions Wrong Israeli Activist
The U.S. Treasury Department mistakenly imposed sanctions on an Israeli man who has no connection to the protest movement that President Joe Biden’s administration is targeting at the behest of radical anti-Israel groups. As Breitbart News reported last month, the Biden administration announced new sanctions against Israeli civilians who have not been charged with any […]
‘She Is Not A Physician!’: Lawmakers Get Into Tense Exchange After Yellen Is Asked About Biden’s Cognitive Issues
Lawmakers on the House Financial Services Committee got into a tense exchange Tuesday after Secretary of the Treasury Janet Yellen was questioned about President Joe Biden’s cognitive issues. Biden froze at least twice, lost his train of thought and made multiple verbal gaffes during the June 27 CNN debate with former President Donald Trump. Republican […]
Yellen grilled on Biden's mental fitness in hearing
Business and Economics Full text Larry Ellison personally invests $6 billion in Paramount-Skydance deal Billionaire tech mogul Larry Ellison is personally investing $6 billion as part of the merger deal between Skydance and media giant Paramount. Full text Powell: Job market is ‘pretty cold’ Federal Reserve Chairman Jerome Powell said Tuesday that the […]
Treasury chief Yellen reveals Cabinet has not met over 25th Amendment to boot prez
Treasury Secretary Janet Yellen said Tuesday that cabinet members have not discussed invoking the 25th Amendment to impeach President Biden amid a national tribunal over his cognitive status. Speaking before the House Financial Services Committee, Yellen, 77, suggested there was no need to do that. Several prominent Republicans, including House Speaker Mike Johnson (R-Louisiana), Publicly […]