janet-yellen

Biden, McCarthy say they have brokered a debt limit deal to avert U.S. default

BY: and - May 27, 2023

McCarthy was expected to speak with members of the House Republican conference on a call later Saturday night.

Treasury Secretary Janet Yellen gives a speech on the economy at Fords Rouge Electric Vehicle Center on Sept. 8, 2022 in Dearborn, Michigan. Yellen toured the factory, which produces the Ford F-150 Lightning, before her remarks. (Photo by Sarah Rice/Getty Images)

U.S. could default as early as June 1, Yellen warns Congress

BY: - May 2, 2023

The U.S. hit its $31.4 trillion borrowing limit on Jan. 19, triggering the Treasury Department to invoke “extraordinary measures."

Government financial institutions joined forces to bail out Silicon Valley Bank's account holders after the bank’s collapse last week. The collapse of SVB and Signature Bank in New York could cause the Federal Reserve to slow down its interest rate hikes. (Photo by Alex Wong/Getty Images)

Here’s how Silicon Valley Bank’s collapse differs from our last financial crisis

BY: - March 14, 2023

One result of the banks’ collapse could be a little loosening of the Federal Reserve’s position on interest rate increases.

The U.S. Capitol. Samuel Corum/Getty Images

U.S. hits debt limit and Treasury Department begins ‘extraordinary measures’

BY: - January 19, 2023

'The debt ceiling is officially a ticking time bomb we can’t diffuse soon enough,' U.S. Rep. Brendan Boyle, the ranking Democrat on the House Budget Committee, said

Treasury Secretary Janet Yellen gives a speech on the economy at Fords Rouge Electric Vehicle Center on Sept. 8, 2022 in Dearborn, Michigan. Yellen toured the factory, which produces the Ford F-150 Lightning, before her remarks. (Photo by Sarah Rice/Getty Images)

U.S. to hit debt limit much sooner than expected, thrusting Congress into showdown

BY: - January 13, 2023

The country will reach the debt limit on Jan. 19 at which point the Treasury Department will begin using extraordinary measures.