Controversial cluster bombs sent to Ukraine? They’re expected to be part of a new aid package, set to be announced on June 7. Over 100 countries have banned the weapons, find out why. U.S. Treasury Secretary Janet Yellen criticizes Beijing on her second day in China.  She brought up punitive actions taken against U.S. firms and new…

“Dare to fight”: Xi Jinping tells the Chinese military to deepen its war planning. The second U.S. cabinet official to visit China in a month, Treasury Secretary Yellen is kicking off a trip to Beijing on Thursday. Beijing takes a new swipe at Washington, telling Japan and South Korea, “You can never become a Westerner.”…

What a difference a year makes. In 2020, under former president Donald Trump, inflation in the United States averaged 1.4 percent. One year later, inflation’s annual rate was 8 percent. As of June 2023, it’s hovering around 4 percent. That’s still higher than what the past administration had. Now, President Joe Biden is touting an…

Would a Chinese-owned automaker’s electric cars qualify for a possible White House tax credit? In a tit-for-tat scheme in the U.S.-China trade war, Beijing now restricting exports of two metals used in semiconductors. A movement to quit the Chinese Communist Party is being celebrated by one county in New York state. A Chinese surgeon has…

U.S. Treasury Secretary Janet Yellen is traveling to China this week for talks with senior Chinese officials, the Treasury Department said on Sunday. Yellen will be the second highest-ranking U.S. official to visit China in weeks as the United States attempts to improve ties with China’s ruling communist party. Yellen will travel to Beijing from…

Bill Gates is kicking off a trip to China. Will he meet with Chinese leader Xi Jinping? His trip overlaps with a top American diplomat’s visit there, but lately, Beijing has opened its arms to business leaders while giving politicians the cold shoulder. What’s behind China’s power play with Washington? Topics in this episode: Cold…

President Joe Biden and Treasury Secretary Janet Yellen have been sued by a union representing some 75,000 government employees demanding that the administration ignore the debt ceiling on grounds that the borrowing limit is unconstitutional. The National Association of Government Employees (NAGE), which filed the lawsuit in a federal court in Boston on Monday, argues that…

A Chinese-owned battery plant in Michigan is eligible for U.S. subsidies? The money is supposed to boost domestic clean energy manufacturing and reduce U.S. dependence on China, especially for solar panels and electric car batteries. So why are these Chinese companies reaping benefits from American taxpayer funds? We dive in for an explanation. Topics in…

Led by U.S. Treasury Secretary Janet Yellen, a consortium of top financial regulators voted on Friday to issue proposed guidelines designed to enhance the stability of the financial system in the wake of one of the most significant shocks since the 2008 financial crisis. The new guidelines put forth by Yellen and the Financial Stability Oversight…

In a speech delivered at a global economic forum, U.S. Treasury Secretary Janet Yellen described the current state of U.S.-China relations as being at a “tense moment” and emphasized the need for a productive approach towards bolstering economic ties with China. Yellen acknowledged the ongoing tensions between the two economic giants but expressed optimism for…