Corn Growers Urge Yellen to Follow DOE Model in Assessing Aviation Fuel Tax Credits
Renewable Energy
Corn Growers Urge Yellen to Follow DOE Model in Assessing Aviation Fuel Tax Credits
2023-09-08 18:39:36
by Dan McCue

WASHINGTON — The nation’s top corn growers are urging Treasury Secretary Janet Yellen to adopt an emissions model developed by the Department of Energy as her department and the Internal Revenue Service work to determine which biofuels will qualify for... Read More

Yellen Tells McCarthy Treasury Will Run Out of Money by June 5
Treasury
Yellen Tells McCarthy Treasury Will Run Out of Money by June 5
2023-05-26 12:14:45
by Dan McCue

WASHINGTON — The deadline has now been set. Treasury Secretary Janet Yellen informed House Speaker Kevin McCarthy, R-Calif., on Friday that lawmakers have until June 5 to raise or suspend the debt limit or risk seeing the nation default on... Read More

What’s Happening on Capitol Hill Monday?
Political News
What’s Happening on Capitol Hill Monday?
2023-05-08 14:48:57
by TWN Staff

Happy debt-limit summit eve, for those who celebrate! The House returns to Washington after a district work period, but no votes are planned for today. However, one can expect plenty of activity behind the scenes as Republicans and Democrats alike... Read More

Yellen Warns US Could Run Out of Money by June 1
Treasury
Yellen Warns US Could Run Out of Money by June 1
2023-05-01 21:43:48
by Dan McCue

WASHINGTON — Treasury Secretary Janet Yellen said in a letter sent to House Speaker Kevin McCarthy, R-Calif., on Monday that the United States could reach the point when it can no longer satisfy its debt obligations as early as June... Read More

Social Security On Course to Run Short of Cash Ahead of Projections
Social Security
Social Security On Course to Run Short of Cash Ahead of Projections
2023-03-31 19:35:04
by TWN Staff

WASHINGTON — The Social Security Trust Fund is projected to run short of cash by 2033, one year earlier than projected last year, according to a report released Friday. The report followed a meeting of the Social Security and Medicare... Read More

US Will Hit Debt Limit on Thursday, Yellen Tells Congress
Treasury
US Will Hit Debt Limit on Thursday, Yellen Tells Congress
2023-01-13 19:48:15
by Dan McCue

WASHINGTON — Treasury Secretary Janet Yellen warned Congress on Friday that she will have to begin employing “extraordinary measures” next Thursday, Jan. 19, to continue to pay the nation’s bills. The notice from Yellen, spelled out in a letter to... Read More

Congress Sends Biden $2.5T Debt Limit Hike, Avoiding Default
Congress
Congress Sends Biden $2.5T Debt Limit Hike, Avoiding Default

WASHINGTON (AP) — Congress averted a catastrophic debt default early Wednesday morning after Democratic majorities in both chambers voted to send a $2.5 trillion increase in the nation's borrowing authority to President Joe Biden over lockstep Republican opposition. Capping a... Read More

Harris, Yellen Announce Billions in Investments to Emergency Capital Investment Program
Treasury
Harris, Yellen Announce Billions in Investments to Emergency Capital Investment Program
2021-12-14 19:26:57
by Reece Nations

WASHINGTON — Vice President Kamala Harris and Treasury Secretary Janet Yellen announced on Tuesday over $8.7 billion in investments through the Emergency Capital Investment Program for small businesses and low- and moderate-income consumers in rural and underserved communities. The program’s... Read More

Yellen Extends Deadline to Possible Federal Default to Dec. 15
Federal Budget
Yellen Extends Deadline to Possible Federal Default to Dec. 15
2021-11-17 15:29:19
by Dan McCue

WASHINGTON — The federal government will run out of money and the nation will descend into its first-ever default on its debts if lawmakers don’t take action on the debt limit by Dec. 15, Treasury Secretary Janet Yellen said in... Read More

Biden Administration Lays Out Consequences of Debt Default
Federal Budget
Biden Administration Lays Out Consequences of Debt Default
2021-10-05 20:08:11
by Reece Nations

WASHINGTON -- President Joe Biden detailed on Monday the ramifications of failing to raise the United States government’s debt limit while condemning Republicans in Congress for their role in the procedural delay. Congress has until Oct. 18 to raise the... Read More

Yellen Warns US May Hit Debt Limit in October
Treasury
Yellen Warns US May Hit Debt Limit in October
2021-09-08 18:16:10
by Dan McCue

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October. In a letter to congressional leaders on Wednesday, Yellen said that... Read More

Tax Increases Seen As Counterproductive to Growth, Job Creation
Taxes
Tax Increases Seen As Counterproductive to Growth, Job Creation
2021-06-21 20:49:29
by Dan McCue

WASHINGTON - Of all the uncertainties growing from the prolonged negotiations over President Joe Biden’s American Families plan, the most potentially vexing for the American businesses and the economy are several proposed changes to the U.S. tax code. Though much... Read More

Yellen: Biden’s Phased-in Spending Plan Won’t Fuel Inflation
Economy
Yellen: Biden's Phased-in Spending Plan Won't Fuel Inflation

WASHINGTON (AP) — President Joe Biden's massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in gradually over 10 years, Treasury Secretary Janet Yellen said Sunday. New economic reports have portrayed... Read More

Yellen Encourages ‘The Age of Womenomics’
Economy
Yellen Encourages ‘The Age of Womenomics’
2021-03-10 14:23:38
by Kate Michael

WASHINGTON —Treasury Secretary Janet Yellen grew up surrounded by hardships endured during the Great Depression. Her father’s medical practice was located inside the family home, so she not only heard stories from the patients but also saw firsthand the result... Read More

Treasury Dept. Sanctions Saudis Over Khashoggi Murder
Geopolitics
Treasury Dept. Sanctions Saudis Over Khashoggi Murder
2021-02-26 20:52:02
by Dan McCue

WASHINGTON – The U.S. Treasury Department on Friday imposed sanctions on Saudi Arabia’s former deputy head of Intelligence and the nation’s “Rapid Intervention Force” for their roles in the murder of Washington Post journalist Jamal Khashoggi.  The move came just... Read More

Janet Yellen Wins Senate Approval as Treasury Secretary
Treasury
Janet Yellen Wins Senate Approval as Treasury Secretary

WASHINGTON (AP) — The Senate on Monday approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department's 232-year history. Yellen, a former chair... Read More

Yellen Officially Gets Treasury Nod, Biden Econ Team Manifests Diversity
Economy
Yellen Officially Gets Treasury Nod, Biden Econ Team Manifests Diversity
2020-11-30 20:56:19
by Dan McCue

WILMINGTON, Del. — President-elect Joe Biden on Monday announced his senior economic team, confirming after a week of speculation, that he would nominate Janet Yellen, the former Federal Reserve chair, to be the first woman to head the Treasury Department,... Read More

Mnuchin to Put $455 Billion in Funds Out of Yellen’s Easy Reach
Economy
Mnuchin to Put $455 Billion in Funds Out of Yellen's Easy Reach

WASHINGTON — Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency's General Fund,... Read More

Awaiting Yellen at Treasury: Yet Another Daunting Crisis
Transition
Awaiting Yellen at Treasury: Yet Another Daunting Crisis

WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during... Read More

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