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The Latest Breaking News from Janet Yellen

Yellen warns of debt ceiling "catastrophe" for U.S. and beyond

“It would be devastating. It's a catastrophe," Yellen told Axios.

Axios

Treasury Secretary Yellen taunts Russia over U.S.-led sanctions: "They are scavenging"

“They have got their two biggest tank factories that can't repair their tanks.”

Axios

Billionaire investor Ray Dalio says the U.S. debt limit is a farce, and 'works like a bunch of alcoholics who write laws to enforce drinking limits'

While the Congress scrambles to reach an agreement on the debt ceiling, billionaire investor Ray Dalio writes that "there is no debt limit."

Fortune

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What is the US debt ceiling & why can’t Congress delay decision?

A default by the US government could have catastrophic effects on both domestic and global economies.

Al Jazeera

Fresh US sanctions target Russia’s Wagner mercenary group

Washington says Moscow is relying on Wagner Group in Ukraine war amid biting Western sanctions and battlefield setbacks.

Al Jazeera

Yellen lauds Ford's 100-year history in South Africa, flags more investments

U.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co's 100-year history of assembling vehicles in South Africa and underscored Washington's resolve to expand trade ties with countries that it "can count on," including South Africa.

Reuters

China's first African debt rodeo is playing out in a land-locked country bigger than Texas

China is new to painful negotiations about taking a haircut on any of its loans.

Axios

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Yellen discusses energy transition in South Africa

U.S. Treasury Secretary Janet Yellen is discussing South Africa’s transition from its heavy reliance on coal to greener energy sources during talks with the country’s finance minister

The Independent UK

Analysis-Southern Africa calls the tune as great power suitors queue up

South Africa and its neighbours were at the centre of a tussle for influence this week when top Russian and U.S. officials visited, offering a rare moment of leverage for governments on a continent more used to being buffeted by events than wooed.

Reuters

US Treasury denies Republicans’ request for Hunter Biden records

WASHINGTON — The U.S. Treasury Department refused Wednesday to provide House Republicans any suspicious activity reports it may have on foreign banking and other business transactions by Hunter Biden and other members of President Joe Biden’s family.

Tribune News Service

Yellen tours wildlife reserve to start South Africa visit

U.S. Treasury Secretary Janet Yellen has used a tour of a wildlife park in South Africa to announce a joint initiative to combat wildlife trafficking and related criminal activities in both countries

The Independent UK

‘Cope with your own debt’, China tells US over Zambia debt relief

Washington and Beijing are vying for influence in Africa, where Chinese banks are major lenders.

Al Jazeera

China uses US debt battle to deflect pressure on Africa debt

The Chinese government says the U.S. should stop pressuring it on debt relief for Zambia and get its own financial house in order to avert a default and the possible fallout on the global economy

The Independent UK

Yellen visits Zambian farm to showcase Africa's ag potential

U.S. Treasury Secretary Janet Yellen has visited sites in rural and urban Zambia to showcase Africa's potential to help solve the world's problems with food shortages

The Independent UK

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The Independent UK

Treasury takes another 'extraordinary' step on debt limit

U.S. Treasury Secretary Janet Yellen says in a letter to congressional leaders that she's suspending the reinvestment of federal bonds in a government workers’ savings plan

Reuters

China tells US to fix its own debt problems after Yellen Africa remarks

After U.S. Treasury Secretary Janet Yellen called China a "barrier" to debt reform in Africa this week, Chinese officials in Zambia had a pointed response - get your own house in order.

Reuters

Yellen calls for urgent action to improve food security, climate resilience in Africa

U.S. Treasury Secretary Janet Yellen on Tuesday called for urgent action to improve long-term food security in Africa and around the world, while adapting agricultural practices and technology to the changing climate.

Reuters

As Yellen woos Africa, sceptics ask 'Is the U.S. here to stay?'

U.S. Treasury Secretary Janet Yellen's three-country trip to Africa - the leading edge of a new diplomatic push by the Biden administration - aims to show the continent the United States is a true partner, one here for the long-haul.

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Reuters

Zambia visits by Yellen, IMF reflect concern over stalled debt talks, China

Two of the world's most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how China and other creditors are handling the African country's debt.

Reuters

Yellen urges Zambia debt restructuring after talks with China

U.S. Treasury Secretary Janet Yellen said on Monday on a visit to Zambia it was critically important to restructure its debt, and she believes progress could be made after her frank talks last week with China, which is owed almost $6 billion by Lusaka.

The Independent UK

Yellen in Zambia to discuss debt to China, public health

U.S. Treasury Secretary Janet Yellen is in Zambia on the second leg on her African tour

Reuters

U.S. wants to see quicker progress on World Bank reforms- Yellen

U.S. Treasury Secretary Janet Yellen on Sunday said the United States wanted to see quicker progress on the World Bank's plans for expanding its lending capacity to address climate change and other global crises.

AFP

China's top diplomat in NBA charm offensive ahead of crucial visits

Beijing (AFP) - China's new foreign minister made a video appearance at a basketball game in Washington to mark Lunar New Year, amid heightened efforts to keep tensions between the global powers in check.

Asharq Al-Awsat

US Ambassador Heading to Africa as Part of Biden’s Big Push

The US ambassador to the United Nations, Linda Thomas-Greenfield, is the second Cabinet member heading to Africa as part of President Joe Biden’s big push to engage with the world’s second-largest continent. The US Mission to the UN said Sunday she will travel to Ghana, Mozambique and Kenya starting Jan.…

Tribune News Service

Yellen says China may be prepared to join Zambia debt deal

U.S. Treasury Secretary Janet Yellen again expressed cautious optimism that China will be willing to enter into a multilateral debt restructuring deal with Zambia.

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