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The Latest Breaking News from Janet Yellen

Yellen sees success in extending Russia price cap, despite risks

U.S. Treasury Secretary Janet Yellen expressed confidence that restrictions on Russian sales of crude oil can be expanded to refined petroleum products in February, while acknowledging that the task will be more complicated.

Tribune News Service

Yellen: Defaulting on debt could cause "self-imposed calamity"

Yellen said she expects that Congress will eventually vote to raise the debt limit.

Axios

The AP Interview: Yellen says debt standoff risks ‘calamity’

U.S. Treasury Secretary Janet Yellen says in an Associated Press interview that she expects Congress will ultimately vote to raise America's debt limit

The Independent UK

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Treasury's Yellen breaks ground on rural electrification project in Senegal

U.S. Treasury Secretary Janet Yellen on Saturday helped kick off a new rural electrification project in Senegal that will bring reliable power to 350,000 people, while supporting some 500 jobs in 14 U.S. states.

Reuters

Door of No Return: Yellen visits onetime slave-trading post

U.S. Treasury Secretary Janet Yellen has paid a solemn visit to an island off Senegal that is one of the most recognized symbols of the horrors of the Atlantic slave trade that trapped tens of millions of Africans in bondage

The Independent UK

Yellen, at former slave port, sees path of renewal for Africa and U.S

U.S. Treasury Secretary Janet Yellen on Saturday spoke of the "unspeakable cruelty" and enduring consequences of the trans-Atlantic slave trade, but said she was heartened by signs of progress and renewal in both the United States and Africa.

Reuters

US Secretary of Treasury: US Failure to Pay Debts Could Spur Global Finance Crisis

United States Secretary of the Treasury Janet Yellen warned on Friday that Washington could spur a global financial crisis and undermine the role of the dollar if it fails to pay its debts. The US government hit its $31.4 trillion borrowing limit on Thursday, a figure that reflects money already…

Asharq Al-Awsat

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White House says Biden won’t negotiate in McCarthy debt talks

WASHINGTON — President Joe Biden “looks forward” to meeting with Kevin McCarthy, the new Republican House speaker, to discuss a variety of issues, but negotiation on raising the U.S. debt limit is off the table, the White House said Friday night.

Tribune News Service

US continues African charm offensive as Yellen visits Senegal | Eye on Africa - France 24

In tonight's show, US Treasury Secretary Yellen visits Senegal as Washington eyes Russian influence in Africa, Ivory Coast increases its minimum wage and a Rwanda journalist, critical of the government, dies.

France 24

Yellen rules out GOP plan to avert default on government debt

Technically, it's not even possible

Axios

Yellen reasserts US commitment to Africa in Senegal visit

US Treasury secretary says Biden administration’s engagement with the continent is ‘not for show’ or the ‘short-term’.

Al Jazeera

In Senegal, Yellen talks about future of US-Africa relations

U.S. Treasury Secretary Janet Yellen is visiting Senegal with a message about the future of U.S.-Africa relations

The Independent UK

Yellen says Russian oil price cap could save African countries $6 billion annually

Russia's war in Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag on the continent's economy, U.S. Treasury Secretary Janet Yellen said in Senegal's capital Dakar on Friday.

Reuters

Treasury Secretary Janet Yellen shames Russia and China in Africa speech

She cited the war in Ukraine as the leading cause of African misery.

Axios

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The Guardian - US

US heads for debt-ceiling standoff as House Republicans refuse to budge

Hard-right Republicans say no to ‘clean’ debt ceiling increase, raising dire possibility of US defaulting on financial obligations

The Street

Elon Musk Has a Simple Idea to End U.S. Debt-Ceiling Standoff

The White House and Republicans in Congress are at an impasse that could cause a U.S. default.

Investors Business Daily

Dow Jones Ends Lower As Fed Member Says This; Tesla Dips Despite Bullish Call

The Dow Jones was off lows after Fed Gov. Lael Brainard spoke out. Treasury Secretary Janet Yellen issued a debt plea. Tesla stock slipped.

Reuters

U.S. Treasury team heading to China in February to prepare Yellen's trip -sources

A team of U.S. Treasury officials will visit China in February to prepare for a visit by U.S. Treasury Secretary Janet Yellen, two sources familiar with the plans told Reuters on Thursday.

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The Independent UK

Yellen kickstarts Biden administration visits to Africa

The Biden administration’s big push to engage more with Africa is underway as Treasury Secretary Janet Yellen begins a 10-day visit aimed at promoting all the economic possibilities that lie between the U.S. and the world’s second-largest continent

WEKU

U.S. hits its debt limit and now risks defaulting on its bills

The U.S. is undertaking "extraordinary" measures to avoid defaulting on its obligations after the country reached its debt limit on Thursday. Now, a big political fight looms.

Al Jazeera

US starts using extraordinary measures to avoid default

The period of time that extraordinary measures may last is subject to ‘considerable uncertainty’ Janet Yellen warned.

Tribune News Service

Treasury begins special measures to avoid breaching US debt limit

The Treasury Department is beginning the use of special measures to avoid a U.S. payments default, after the federal debt limit was reached Thursday.

Tribune News Service

Treasury taps retirement funds to avoid breaching US debt limit

The Treasury Department is beginning the use of special measures to avoid a US payments default, after the federal debt limit was reached Thursday.

Axios

Yellen starts off trip to Africa with commitment to stay for the long haul

The Biden administration is trying to counter China’s influence on the continent.

Reuters

Deeper ties on Yellen's mind as U.S begins year of African engagement

U.S. Treasury Secretary Janet Yellen will kick off a year of visits by top U.S. officials to Africa on Friday aiming to firm up U.S.-Africa ties after decades in which China has dominated investment across the continent.

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