The Latest Breaking News from Janet Yellen

Plus: Kansas voting restrictions struck down, the legacy of the "vast wasteland" speech, and more…

Negotiations continue over plan to increase debt limit before 1 June deadline

June S&P 500 futures (ESM23) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.11% this morning as market participants awaited crucial U.S. inflation data that could influence the Federal Reserve’s monetary policy stance.

US Treasury Secretary Janet Yellen has urged lawmakers to find common ground and raise the country's borrowing limit. Speaking to ABC News, she also warned that the idea of invoking the 14th amendment to raise the debt ceiling could lead to a "constitutional crisis". Also, the Financial Times reports that…

Hong Kong (AFP) - Asian and European markets rose Monday, tracking a rally on Wall Street fuelled by a strong rebound in US regional banks and forecast-beating jobs data that eased fears over a recession in the world's top economy.

The Treasury secretary paints a dire picture of what might happen if the borrowing limit is not increased before the department runs out of what it calls ‘extraordinary measures’ to operate under the current cap.

Hong Kong (AFP) - Asian markets rose Monday, tracking a rally on Wall Street fuelled by a strong rebound in US regional banks and forecast-beating jobs data that eased fears over a recession in the world's top economy.

Washington (AFP) - US Treasury Secretary Janet Yellen warned Sunday that unless Congress acts soon to raise the nation's debt ceiling, "financial and economic chaos would ensue."

Treasury Secretary Janet Yellen says there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s $31 trillion-plus borrowing limit in the coming weeks