Janet Yellen
Treasury Secretary Janet Yellen speaks during a Senate Appropriations Subcommittee hearing to examine the FY 2022 budget request for the Treasury Department, Wednesday, June 23, 2021, on Capitol Hill in Washington. (Greg Nash/Pool via AP)
Yellen: Failure to raise debt limit would be 'catastrophic'

By Martin Crutsinger Jun. 23, 2021 04:28 PM EDT

FILE - This June 4, 2021 file photo shows Treasury Secretary Janet Yellen ahead of her meeting with Germany's Finance Minister Olaf Scholz, as finance ministers from across the G7 nations meet at Lancaster House in London. Yellen assured Congress on Wednesday, June 16, that the Biden administration is monitoring the recent jump in inflation very carefully but still believes the increase will prove temporary. (Daniel Leal-Olivas/Pool Photo via AP, File)
Yellen: administration is watching inflation closely

By Martin Crutsinger Jun. 16, 2021 12:50 PM EDT

FILE - In this file photo dated Wednesday, June 7, 2017, The Organisation for Economic Co-operation and Development (OECD) headquarters in Paris, France. The Biden administration is pushing for agreement on a global minimum tax. The proposal from President Biden and Treasury Secretary Janet Yellen calls for at least a 15 percent rate to deter companies from using legal and accounting techniques to shift profits to low-tax countries. The proposal has given new energy to international talks being held in Paris and raised hopes of a deal by July. (AP Photo/Francois Mori, File)
EXPLAINER: Curbing tax avoidance by multinational companies

By David Mchugh Jun. 11, 2021 01:13 PM EDT

Editorial Roundup: U.S.

By The Associated Press Jun. 09, 2021 01:26 PM EDT
Excerpts from recent editorials in the United States and abroad: June 8 The Montreal Gazette on anti-Muslim hatred in...

U.S. Treasury Secretary Janet Yellen poses for photographs as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021, ahead of the G7 leaders' summit. (AP Photo/Alberto Pezzali, Pool)
G-7 back steps to deter tax dodging by multinational firms

By Kelvin Chan And David Mchugh Jun. 05, 2021 07:51 AM EDT

FILE - In this file photo dated Wednesday, June 7, 2017, The Organisation for Economic Co-operation and Development (OECD) headquarters in Paris, France. The Biden administration is pushing for agreement on a global minimum tax. The proposal from President Biden and Treasury Secretary Janet Yellen calls for at least a 15 percent rate to deter companies from using legal and accounting techniques to shift profits to low-tax countries. The proposal has given new energy to international talks being held in Paris and raised hopes of a deal by July. (AP Photo/Francois Mori, File)
EXPLAINER: Curbing tax avoidance by multinational companies

By David Mchugh Jun. 04, 2021 02:00 AM EDT

FILE - In this Wednesday, July 8, 2020 file photo, British Chancellor of the Exchequer Rishi Sunak leaves number 11 Downing Street, to deliver a financial announcement to the Houses of Parliament in London. Finance ministers from the Group of Seven wealthy democracies have a lot to talk about when they gather in London starting Friday, June 4, 2021. Ministers at the meeting chaired by Britain's Rishi Sunak and to be attended by U.S. Treasury Secretary Janet Yellen will talk about supporting the post-pandemic economic recovery and work on restoring cooperation among the seven allies after friction during the term of former President Donald Trump. (AP Photo/Matt Dunham, File)
Biden tax proposal in focus at Group of 7 ministers' meeting

By David Mchugh Jun. 03, 2021 09:27 AM EDT

FILE - In this May 7, 2021 file photo, Treasury Secretary Janet Yellen speaks during a press briefing at the White House in Washington. Yellen says that the economic recovery is going to be “bumpy” with high inflation readings likely to last through the end of this year. But Yellen maintained Thursday, May 27, that the inflation pressures will be temporary and if they do threaten to become embedded in the economy, the government has the tools to address that threat. (AP Photo/Patrick Semansky)
China trade envoy, US Treasury secretary meet by video

Jun. 01, 2021 09:55 PM EDT

A member of the wait staff delivers food to outdoor diners along the sidewalk at the Mediterranean Deli restaurant in Chapel Hill, N.C., Friday, April 16, 2021. The U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession. (AP Photo/Gerry Broome)
US consumers boosted spending in April as inflation surged

By Martin Crutsinger May. 28, 2021 08:38 AM EDT

FILE - In this May 7, 2021 file photo, Treasury Secretary Janet Yellen speaks during a press briefing at the White House in Washington. Yellen says that the economic recovery is going to be “bumpy” with high inflation readings likely to last through the end of this year. But Yellen maintained Thursday, May 27, that the inflation pressures will be temporary and if they do threaten to become embedded in the economy, the government has the tools to address that threat. (AP Photo/Patrick Semansky)
Yellen says economic recovery likely to be 'bumpy'

By Martin Crutsinger May. 27, 2021 01:52 PM EDT

FILE - In this Thursday, April 8, 2021, file photo, Kent State University student Regan Raeth, of Hudson, Ohio, looks at her vaccination bandage as she waits for 15 minutes after her shot in Kent, Ohio. On Wednesday, May 12, 2021, Gov. Mike DeWine announced the end of the state's mask mandate as new COVID-19 cases decrease and more Ohioans get vaccinated. DeWine said the mask mandate will end June 2 except for nursing homes and assisted living facilities. (AP Photo/Phil Long, File)
Ohio's million-dollar idea: Lottery prizes for vaccinations

By Andrew Welsh-Huggins May. 12, 2021 01:28 PM EDT

FILE - In this April 27, 2021, file photo, Wisconsin Gov. Tony Evers speaks with media at a news conference in Madison, Wis. Wisconsin will receive $700 million less than initially expected in federal coronavirus relief money and get it in two payments a year apart, news that Evers and U.S. Sen. Tammy Baldwin said Tuesday, May 11, 2021 was problematic. (AP Photo/Scott Bauer File)
Wisconsin receiving less than expected from federal stimulus

By Scott Bauer May. 11, 2021 01:17 PM EDT

FILE - In this Tuesday, March 2, 2021, file photo, a woman, wearing a protective mask due to the COVID-19 virus outbreak, walks past the signs of an employment agency, in Manchester, N.H. Companies are advertising more jobs than they were before the pandemic, when the unemployment rate was a 50-year low of 3.5%. So they clearly want to add workers. Yet hiring stumbled in April because many employers couldn't find as many as they needed. (AP Photo/Charles Krupa, File)
EXPLAINER: Did US hiring slow because of a ‘labor shortage’?

By Christopher Rugaber May. 08, 2021 10:43 AM EDT

FILE - In this Friday, Jan. 8, 2021 file photo, A man walks out of a Marc's Store in Mayfield Heights, Ohio. With viral cases declining, consumers spending again and more businesses easing restrictions, America's employers likely delivered another month of robust hiring in April, reinforcing the economy's steady rebound from the pandemic recession. (AP Photo/Tony Dejak, File)
US job growth slows sharply in sign of hiring struggles

By Christopher Rugaber May. 07, 2021 12:01 AM EDT

A man wearing a protective mask looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, May 6, 2021, in Tokyo. Asian shares were mixed Thursday on cautious optimism about upcoming company earnings reports showing some recovery from the damage of the coronavirus pandemic. (AP Photo/Eugene Hoshiko)
Asian stocks mixed, echoing Wall St sentiments on pandemic

By Yuri Kageyama May. 05, 2021 02:29 AM EDT

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, May 4, 2021. Asian shares were mixed Tuesday after strong corporate earnings and economic data lifted stocks on Wall Street. (AP Photo/Ahn Young-joon)
Asia markets mixed after Wall St decline

By Joe Mcdonald May. 04, 2021 10:27 AM EDT

President Joe Biden, accompanied by Treasury Secretary Janet Yellen, right, speaks as he gets his weekly economic briefing in the Oval Office of the White House, Friday, April 9, 2021, in Washington. (AP Photo/Andrew Harnik)
Yellen: Biden's phased-in spending plan won't fuel inflation

By Marcy Gordon May. 02, 2021 03:15 PM EDT

FILE - In this Dec. 1, 2020, file photo, Chairman of the Federal Reserve Jerome Powell speaks during a Senate Banking Committee hearing on Capitol Hill in Washington. The U.S. economy has been showing unexpected strength in recent weeks, with barometers of hiring, spending and manufacturing all surging. (AP Photo/Susan Walsh, Pool)
Powell's high-stakes bet: More jobs but only mild inflation

By Christopher Rugaber May. 01, 2021 10:50 AM EDT

Senators ask for Treasury guidance on COVID-19 relief funds

Apr. 30, 2021 12:55 PM EDT
CONCORD, N.H. (AP) — U.S. Sens. Maggie Hassan and Jeanne Shaheen of New Hampshire are requesting that the Treasury Department provide guidance to states on how...

House Democratic Majority Floor Leader Sheryl Williams-Stapleton, right, summarizes successful legislation, alongside Gov. Michelle Lujan Grisham, center, and New Mexico House Speaker Brian Egolf, left, in Santa Fe, N.M., at the close of a 60-day legislative session on Saturday, March 20, 2021. The Democrat-led Legislature has charted an economic exit from the COVID-19 pandemic and checked off progressive priorities on policing reforms, abortion rights, medical aid in dying and child poverty. (AP Photo/Morgan Lee)
New Mexico governor signs $7.4B state budget, vetoes relief

By Morgan Lee Apr. 09, 2021 04:13 PM EDT