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The Latest Breaking News from Janet Yellen

G-7 talks focus on ways to fortify banks, supply chains as China accuses group of hypocrisy

Financial leaders of the Group of Seven advanced economies are focusing on ways to fortify ever more complicated financial systems and supply chains during meetings in Japan ahead of a summit next week

The Independent UK

U.S., German ministers discuss efforts to counter Russian sanctions evasion

U.S. Treasury Secretary Janet Yellen met German Finance Minister Christian Lindner on Friday, underscoring the importance of working together to counter evasion of Western sanctions imposed on Russia over its war in Ukraine, Treasury said.

Reuters

G7 finance chiefs debate reducing supply chain reliance on China

Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday.

Reuters

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Janet Yellen says Donald Trump's default plan is "unthinkable"

Donald Trump says the U.S. defaulting on its debts could either be "really bad" or "nothing". Janet Yellen is convinced it would be catastrophic.

Fortune

G7 finance chiefs tackle crises from Ukraine to banking

Niigata (Japan) (AFP) - Support for war-torn Ukraine topped the agenda at G7 finance talks on Thursday in Japan, where ministers and central bankers also weighed concerns ranging from banking uncertainty to US debt default fears.

AFP

Brazil's Haddad raises concerns about economic situation, drought in Argentina

Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina's economic challenges and a major drought there could affect the country's "political destiny" and usher in an extremist government.

Reuters

Yellen: Different system needed to end repeated standoffs over US debt ceiling

Treasury Secretary Janet Yellen says that in her personal opinion, the United States should adopt a different system for national finances that might forestall repeated standoffs with Congress over spending

The Independent UK

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US Treasury chief decries debt 'brinkmanship'

NIIGATA, Japan: Political brinkmanship over raising the US debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.

Bangkok Post

Asian markets slip as traders left unmoved by US inflation data

Hong Kong (AFP) - Asian markets mostly fell Thursday as investors shrugged at data showing US inflation dipped further but only marginally, suggesting the Federal Reserve still had much to do in its battle against rising prices.

AFP

US debt 'brinkmanship' risks serious costs: Yellen

Niigata (Japan) (AFP) - Political brinkmanship over raising the US debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.

AFP

Yellen highlights common goals with Brazil on climate, development

U.S. Treasury Secretary Janet Yellen highlighted the fight against climate change and other goals shared by the United States and Brazil, in a meeting with Brazilian Finance Minister Fernando Haddad in Japan on Thursday.

Reuters

G7 finance ministers discuss crises from Ukraine to banking

Niigata (Japan) (AFP) - Support for war-torn Ukraine will top the agenda as G7 finance talks start Thursday, but ministers and central bankers will also weigh concerns ranging from banking uncertainty to US debt default fears.

AFP

US debt standoff overshadows G7 finance leaders' meeting

A standoff in Washington over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders starting on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy.

Reuters

G7 finance ministers tackle global economic challenges as Yellen seeks to reassure on debt standoff

The financial leaders of the Group of Seven wealthy nations are meeting in Japan as a standoff over the U.S. debt ceiling looms as one of the biggest potential threats to the global economy

The Independent UK

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Reuters

Yellen, at G7, to underscore U.S. commitment to Ukraine for 'as long as it takes'

Treasury Secretary Janet Yellen on Thursday will underscore the United States' commitment to continue supporting Ukraine for as long as needed, while working with other rich nations to degrade Russia's ability to wage war against its neighbor.

Reuters

Yellen heads to G7 with debt ceiling, bank crisis and tax woes in tow

Treasury Secretary Janet Yellen lands at Japan's G7 finance meeting this week, with her ambitious economic agenda hijacked by a bitter partisan fight over the U.S. debt ceiling that threatens a new financial crisis, and a signature tax deal blocked by Republicans.

The Street

Biden Outflanked on Debt Ceiling Debate, Faces Difficult Choices

'There are a variety of different options, but there are no good options,' Treasury Secretary Janet Yellen says.

The Week

US debt ceiling: will Congress deadlock be broken?

The US government risks beginning to run out of money in a matter of weeks unless Republicans in Congress reach a compromise with President Joe Biden that would avoid economic Armageddon.

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Axios

Path to a debt-ceiling deal: Fail, then succeed

Failure is not an option in the debt-ceiling talks. But flirting with it may be necessary to reach a deal.

WEKU

Biden and congressional leaders met about the debt limit. They'll talk again on Friday

The government could run out of money to pay its bills as soon as June 1. President Biden said talks were "productive" though Speaker Kevin McCarthy said "I didn't see any new movement."

The Independent UK

Biden and McCarthy set for Oval Office showdown as US edges closer to defaulting on debt

Experts say a failure to raise the debt limit would force the government to default on its debt and precipitate a worldwide financial crisis.

The Independent UK

Chaos? Kumbaya? How the debt limit standoff might end

Just how does this debt limit standoff end

AFP

Stocks tread water awaiting US rate clues

Paris (AFP) - European stocks ended little changed on Monday, reflecting a subdued opening on Wall Street, as investors eyed a new round of US inflation data this week that could determine the prospect for interest rates in the world's largest economy.

The Independent UK

Lawsuit: Yellen should ignore 'unconstitutional' debt limit

A union of government employees sued Treasury Secretary Janet Yellen and President Joe Biden to try to stop them from complying with the law that limits the government’s total debt, which the lawsuit contends is unconstitutional

Investors Business Daily

Stock Market Sleepy And Dopey Ahead Of Inflation Report; Walt Disney Earnings On Tap

Walt Disney shares popped ahead of Wednesday's earnings endgame.

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