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Janet Yellen

U.S. wraps up fiscal year with budget deficit near $1.7 trillion

by Adrian Jhonsan
U.S. wraps up fiscal year with budget deficit near .7 trillion

Janet Yellen, U.S. Secretary of the Treasury, participates in a global infrastructure and investment forum in New York on Sept. 21, 2023. Pool | Via Reuters The federal government wound …

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Categories World

Striking unions impacting the economy at a level not seen in decades

by Adrian Jhonsan
Striking unions impacting the economy at a level not seen in decades

The auto workers’ strike is the latest in a series of labor-management conflicts that economists say could start having significant growth impacts if they persist. So far, the United Auto …

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Categories World

Biden backs economic corridor as geopolitical alliances fragment globe

by Adrian Jhonsan
Biden backs economic corridor as geopolitical alliances fragment globe

Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman (L), India’s Prime Minister Narendra Modi (C) and US President Joe Biden attend a session as part of the G20 …

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Categories World

Sen. Warren calls on Yellen, FSOC to do more to shore up regional banks

by James Odonell
Sen. Warren calls on Yellen, FSOC to do more to shore up regional banks

Sen. Elizabeth Warren, D-Mass., questions Treasury Secretary Janet Yellen during the Senate Banking, Housing, and Urban Affairs Committee hearing titled The Financial Stability Oversight Council Annual Report to Congress, in …

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Categories Politics

U.S. Commerce Secretary Gina Raimondo says she “didn’t pull any punches” during recent visit to China

by James Odonell
U.S. Commerce Secretary Gina Raimondo says she “didn’t pull any punches” during recent visit to China

U.S. Commerce Secretary Gina Raimondo arrives for a meeting with her Chinese counterpart Wang Wentao, at the Ministry of Commerce in Beijing, Monday, Aug. 28, 2023. Andy Wong | Pool …

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Categories Politics

China says drop in trade with U.S. is direct consequence of U.S. moves

by Adrian Jhonsan
China says drop in trade with U.S. is direct consequence of U.S. moves

Relations between Washington and Beijing are at their lowest in decades amid disputes over trade, technology, human rights and China’s increasingly aggressive approach toward its territorial claims involving self-governing Taiwan …

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Categories World

Top GOP voice on China threat says investment restrictions fall short

by James Odonell
Top GOP voice on China threat says investment restrictions fall short

WASHINGTON — A leading House Republican voice on the national security threat posed by China said the White House’s plan to restrict outbound investment in the Chinese military and defense …

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Categories Politics

The Implications of Biden’s Executive Order for American Investors in China

by Adrian Jhonsan
The Implications of Biden’s Executive Order for American Investors in China

The U.S. and Chinese flags hang outside the Goldman Sachs headquarters in New York on Dec. 16, 2008.Chris Hondros | Getty Images News | Getty ImagesBEIJING — The Biden administration’s …

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Categories World

IRS Commits to Transitioning to Paperless Tax Processing by 2025

by Ev Richard
IRS Commits to Transitioning to Paperless Tax Processing by 2025

Taxpayers may finally get relief from paper-based processes that have long frustrated filers and the Internal Revenue Service (IRS) alike. The IRS is aiming to allow taxpayers to digitally submit …

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Categories Technology

Nikki Haley Declares China as an Adversary: Urges U.S. Companies to Prepare Contingency Plans

by James Odonell
Nikki Haley Declares China as an Adversary: Urges U.S. Companies to Prepare Contingency Plans

Republican presidential candidate, former U.N. Ambassador Nikki Haley speaks at the American Enterprise Institute on June 27, 2023 in Washington, DC. Haley’s remarks focused on the future of U.S.-China relations …

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Categories Politics
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