WASHINGTON—The U.S. Treasury Department’s crime fighting arm on Tuesday moved to expand reporting requirements for certain domestic and foreign companies as part of a broader push to crackdown on corruption and shell companies. A new rule would implement reporting provisions under the Anti-Money Laundering Act of 2020, aimed at expanding data on who actually owns…
US Treasury Eyes New Rule to Expand Company Reporting, Weed out Corruption
US Treasury’s Yellen to Visit Tribal Communities, Vows Greater Engagement
WASHINGTON—U.S. Treasury Secretary Janet Yellen on Tuesday said she would visit tribal communities over the next year as her department continues to expand its engagement with Native American tribes, which were hit disproportionately hard by the COVID-19 pandemic. Yellen told the second day of a White House Tribal Nations Summit that nearly 100 percent of…
US Could Default Soon After Dec. 15, Yellen Warns
Treasury Secretary Janet Yellen told Congress on Tuesday that the Treasury Department could potentially unable to meet the government’s financial obligations around Dec. 15. In a letter to congressional leaders, Yellen said that the deadline for a potential government default was extended from Dec. 3 to Dec. 15 and the adjustment was “based on our most recent information,” a…
Labor Force Participation ‘Quite Depressed’ Versus Pre-Pandemic Levels, Yellen Says
November 13, 2021
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Business & EconomyBusinesses in COVID-19CompaniesCOVID-19depressedEconomieseconomyJanet YellenlaborpandemicparticipationUSUS News
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U.S. Treasury Secretary Janet Yellen said on Friday that labor force participation was “quite depressed” compared to pre-pandemic levels. “When we really get control of the (COVID-19) pandemic, I think labor supply will go back to normal,” Yellen told CBS’ “Face the Nation” in an interview on Friday. Yellen said there were several reasons for…
Treasury Secretary Yellen Encourages Democrats to Increase the Debt Ceiling, Alone If Necessary to Avoid Default
Treasury Secretary Janet Yellen said Sunday that Democrats should be willing to approve raising the nation’s debt ceiling without Republican support if necessary, according to a new report. Yellen reportedly shared the new information during an interview with The Washington Post. The Treasury Secretary encouraged a bipartisan approach but encouraged Democrats to do whatever was…
Strong Tech Support Could Help Sell Congress on Global Tax Rules: Yellen
November 1, 2021
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Business & EconomyCompaniescongressEconomieseconomyEuropeExecutive BranchglobalInternationalIrelandJanet YellenMedia & Big TechPoliticstaxTechUSUS NewsWorld
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DUBLIN—U.S. Treasury Secretary Janet Yellen said she expected U.S. tech giants to broadly support the reallocation of taxing rights agreed to by nearly 140 countries as part of a broader deal on global taxes, saying the impact on U.S. companies should be minor. Yellen told Reuters on Sunday the support of the big global players…
Biden Pick for Fed Chair Expected Soon, Yellen Says
November 1, 2021
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Business & EconomyDemocratsEconomieseconomyExecutive BranchFedJanet Yellenjerome powellJoe BidenpickPoliticsUSUS News
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DUBLIN—U.S. Treasury Secretary Janet Yellen said President Joe Biden should pick an “experienced and credible” person as Federal Reserve chair to reassure markets, and while current chair Jerome Powell fit the bill, others would too. Powell, a Republican placed in the job by former President Donald Trump, is widely favored to win reappointment to another…
Yellen Says Biden’s Spending Bill Will Be Anti-Inflationary, Stands By ‘Transitory’ Inflation Narrative
Treasury Secretary Janet Yellen said Friday said she continues to see inflation as a temporary supply side-driven phenomenon that will normalize next year, and that President Joe Biden’s big spending package will actually have an anti-inflationary effect by smoothing some supply-side dislocations and footing the bill for some costs facing American families. Yellen made the…
NTD News Today Full Broadcast (Oct. 26)
New York and New Jersey declare states of emergency for the incoming nor’easter. The governors are telling residents to prepare now for the inclement weather. Republicans, raising concerns about President Joe Biden’s social spending plan, including a new proposal on how to fund it. Why does one senator say it’s unpopular with the American people?…
US Treasury Secretary Yellen Holds Talks With China’s Trade Negotiator
October 26, 2021
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Business & EconomyChinaChina Business & EconomyChinese Communist PartyChinese RegimeEconomieseconomyJanet YellenLiu Hephase one trade dealUSUS NewsUS-China relations
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U.S. Treasury Secretary Janet Yellen talked to China’s top trade negotiator Liu He via video call on Oct. 25, during which the two sides raised their respective concerns. Yellen “frankly raised issues of concern,” the U.S. Treasury announced in a short statement without elaborating what the issues were. The statement did add that the two…
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