The Latest Breaking News from Janet Yellen

Plans are under way for U.S. Treasury Secretary Janet Yellen and her Chinese counterparts to hold meetings in Beijing and Washington later this year, continuing the governments’ efforts to ramp up face-to-face engagement to improve ties.

The trip is the latest effort by both countries to improve relations and avoid misunderstandings.

WASHINGTON — House Speaker Kevin McCarthy called on Democrats to engage in talks with Republicans over a fiscal plan including an increase in the federal debt limit, while the White House reiterated its rejection of such negotiations, highlighting the risk of a market-rattling battle over the ceiling later this year.

The federal government is on the brink of hitting its legal borrowing limit on Thursday

Washington Post's Catherine Rampell exposes a provision tucked into Republicans' House Rules package

Asian shares are mostly lower after China reported its economy expanded at a 3% pace last year, less than half 2021's rate

WASHINGTON — U.S. Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on Wednesday in Zurich, making a detour on her way to talks in Africa.

The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos

Treasury Secretary Janet Yellen is set to meet with her Chinese counterpart in Switzerland on Wednesday