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The Latest Breaking News from Janet Yellen

IRS’s Paperless Processing Initiative To Save $2.6 Trillion In U.S. Federal Deficit

Yellen lauds IRS program as game-changer, urges Congress for continued support.

Zenger

Yellen Criticizes Fitch’s Credit Downgrade, Defends Strong US Economy

Treasury Secretary questions Fitch's assessment, highlights robust economic recovery

Zenger

Fitch just downgraded the U.S. credit rating — how much does it matter?

The U.S. is no longer rated at the top-notch AAA by Fitch. Here's what credit ratings are, and why they (mostly) matter.

WEKU

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The US government's debt has been downgraded. Here's what to know

Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that contributed to sharply lower stock prices in Wednesday trading

The Independent UK

IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperwork

Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025

The Independent UK

‘Erosion of governance’ led Fitch to downgrade US credit rating

Trump’s efforts to overturn election and political polarization led agency to decision, says senior director

The Guardian - US

Fitch Ratings Bizarre and Inept US Downgrade Ignores One Key Fact

Fitch Ratings cut its triple-A credit grade for U.S. debt late Tuesday. But it forgot to consider one inescapable fact.

The Street

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Stocks Slump, Fitch U.S. Downgrade, AMD, Starbucks, CVS Health

Stock futures slump as markets react to Fitch Ratings U.S. downgrade; Treasury Secretary Yellen calls Ftch downgrade 'arbitrary'; AMD shares higher after Q2 earnings highlight AI ramp; Starbucks lower after Q3 sales miss Wall Street forecasts and CVS earnings on deck amid healthcare insurance payout concern.

The Street

Wall Street opens in the red amid global market rout after US credit downgrade – as it happened

Global stock markets tumble after Fitch downgrade; US ADP jobs report much stronger than expected

The Guardian - UK

US credit rating downgraded over rising debt, ‘standards of governance’

The downgrade marks only the second cut by a major rating agency in US history.

Al Jazeera

The U.S. loses its top AAA rating from Fitch over worries about the nation's finances

Fitch cut the federal government's top rating, citing rising deficits and a steady deterioration in governance over the last two decades. The action drew a sharp rebuke from the Biden administration.

WEKU

Fitch downgrades US credit rating, citing mounting debt and political divisions

Fitch Ratings has downgraded the U.S. credit rating, citing an expected increase in government debt over the next three years and a “steady deterioration in standards of governance” over the past two decades

The Independent UK

France's Le Maire presses China on market access and lobbies for electric car investment

The French finance minister says he pressed Chinese leaders to open their markets wider to foreign companies

The Independent UK

Here's how China is responding to US sanctions – with blocking laws and other countermeasures

After a recent meeting between U.S. Treasury Secretary Janet Yellen and officials in Beijing, China released a statement demanding “practical action” over the issue of sanctions. The implication was that the punitive measures – imposed by the U.S. government on hundreds of Chinese individuals and entities over the past few…

The Conversation

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The Independent UK

Yellen visits Vietnam to build US ties and push supply chain diversity to offset tensions with China

U.S. Treasury Secretary Janet Yellen has told top Vietnamese officials that Washington considers building strong economic and security ties with Vietnam a priority

The Independent UK

Treasury Secretary Janet Yellen reportedly ate hallucinogenic mushrooms at restaurant during China visit

Mushrooms are delicacy in Yunnan province

France 24

G20 finance ministers meet as UNDP warns of 'human cost of inaction' on debt

US Treasury Secretary Janet Yellen has called on rich countries to speed up debt relief to developing nations ahead of the G20 finance ministers' meeting in India this week. Her call comes as a new report by the United Nations Development Programme (UNDP) shows that the number of countries that…

The Independent UK

In India, G20 finance chiefs set to address global challenges like climate change and rising debt

Finance ministers from the Group of 20 nations meeting in India are set to address critical global economic challenges, including the threat posed by climate change and rising debt among low-income countries

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The Hindu

India, U.S. commit to strengthening ties, look for alternatives to fund energy transition

India and the U.S. committed to strengthening bilateral ties and actively pursue the G20 agenda, as Finance Minister Nirmala Sitharaman and U.S. Treasury Secretary Janet Yellen held bilateral meetings on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting

Al Jazeera

Russia-Ukraine war: List of key events, day 509

These are the main developments as the Russian invasion of Ukraine enters its 509th day.

Tribune News Service

Yellen eyes China de-escalation, but lifting tariffs ‘premature’

Treasury Secretary Janet Yellen said the U.S. should look for ways to further “de-escalate” tensions with China, though it would be premature to eliminate the tariffs imposed on it by the Trump administration.

The Independent UK

Why Janet Yellen’s frequent stops in India are important at a time of tensions with China

Yellen is back in Asia for a series of Group of 20 finance minister meetings in India

Bangkok Post

US envoy Kerry arrives in China to restart climate talks

BEIJING: US climate envoy John Kerry arrived in China on Sunday, state media reported, to restart stalled talks between the world's two biggest emitters of planet-warming gases.

The Hindu

G20 FMCBG meet at Gandhinagar | India 'indispensable partner' for friend-shoring, says U.S. Treasury Secretary Janet Yellen

United States Secretary of the Treasury Janet Yellen said derisking and friendshoring are important priorities for the U.S. and something that it is promoting in India. Read more on The Hindu

France 24

Russia repels Ukraine drone attack on Crimea, says Kremlin

Russia thwarted a Ukrainian drone attack near Sebastopol, a crucial port in Russian-annexed Crimea, Russia's defence ministry said Sunday morning. Moscow's air defence forces and Black Sea fleet reportedly took out a total of nine drones throughout the assault, which the ministry said caused no damage or casualties. Also, President…

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