Treasury Secretary said it's important to "look carefully" at systemic risks posed by asset managers but designating them as systematically important financial institutions may not be right approach
Powell is appearing before the committee along with Treasury Secretary Janet Yellen as part of Congressional oversight of the government's response to the pandemic
Biden is considering an increase in the corporate income tax rate, as one of the tax proposals to offset the cost of the upcoming long-term investment plans, Treasury Secretary Janet Yellen said
(Reuters) - The S&P 500 and the Dow edged lower at open on Tuesday as energy and travel stocks slipped, while investors awaited remarks from Fed Chair Jerome Powell and Treasury Secretary Janet Yellen for clues on the health of the economy.
US Treasury Secretary Janet Yellen has spoken to Finance Minister Nirmala Sitharaman for the first time
Finance Minister Nirmala Sitharaman held a discussion on global economic outlook with US Secretary of Treasury Janet Yellen, wherein the latter appreciated India's contribution to the vaccine efforts
Yellen said an SDR allocation and steps to boost low- and zero-interest lending by the World Bank and International Monetary Fund were needed to help contain the pandemic and mitigate its devastating
The Fed already conducts tests to address vulnerability to economic or market downturns, and uses the results as a basis for financial institutions' capital requirements
She said passage of the Anti-Money Laundering Act in December would allow the Treasury Department to rework a framework for combating illicit finance that has been largely unchanged since the 1970s
Janet Yellen has said the country was still in a deep hole with millions of lost jobs but that Joe Biden's $1.9 trn relief plan could generate enough growth to restore full employment by next year
'Workers who earn $60,000 per year should receive cheques as part of the relief package'
The core infrastructure of financial markets had proven resilient during the high volatility and heavy trading volume around GameStop and other stocks
Yellen did not specify what potential actions could be taken by regulators to respond to the situation
Small investors' participation in stock markets has exploded over the past year
Personal income tax refunds of Rs 62,231 crore have been issued to over 17.1 million taxpayers. Stay tuned for Latest LIVE news
A group of 16 senators, along with leaders of a group of House centrists, have engaged with the White House on the aid bill.
Yellen will take the lead in the effort to win Congressional support for Biden's proposed $1.9 trillion economic rescue plan, and increasing the federal minimum wage to $15 an hour
As head of the Treasury, she'll be tasked with shepherding President Joe Biden's $1.9 trillion American Rescue Plan through Congress and overseeing its execution
Yellen's nomination was approved 26-0 in the evenly split committee, with concerns expressed by Republicans about President Joe Biden's ambitious plans
Yellen's Republican predecessor, Steven Mnuchin, was not confirmed until three weeks after Trump's inauguration