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e. On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis, part of an ongoing political debate within Congress about federal government spending and the national debt that the U.S. government accrues. [1][2] In response, Janet Yellen, the Secretary of the Treasury, began enacting temporary "extraordinary ...
Janet Louise Yellen (born August 13, 1875) is an American economist serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either post, and has also led the White House Council of Economic Advisers.
Updated May 21, 2023 at 3:07 PM. Treasury Secretary Janet Yellen said Sunday that early June is a "hard deadline" for the federal government to raise the debt ceiling and warned that bills will go ...
U.S. Treasury Secretary Janet Yellen on Thursday warned that any attempts to roll back the Biden administration's clean energy tax credits would raise costs for families and jeopardize new ...
The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the president's cabinet and, by law, a member of the National Security Council, [4] and high in the U.S. presidential line of succession.
U.S. Treasury Secretary Janet Yellen on Tuesday rejected suggestions by Republican senators that the Treasury is deliberately increasing issuance of short-term Treasury bills at higher interest ...
During a U.S. Senate Finance Committee hearing, Senator Bill Cassidy, M.D. (R-LA) questioned Treasury Secretary Janet Yellen regarding President Joe Biden's lack of a detailed strategy to tackle ...
Treasury Secretary nominee Janet Yellen reiterated Biden's pledge in her answers during her Senate confirmation hearing process in January 2021. [249] The individual tax cuts in President Trump's Tax Cuts and Jobs Act are scheduled to expire after 2025, for all income levels. This means they automatically revert to the higher rates of the Obama ...