Janet Yellen puts her on notice; says she will closely evaluate any new fact or finding
It will take place on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Washington
She said what needs to be done is for Congress and the administration to show they can be trusted to pay the country's bills.
Biden govt has yet to offer support for Georgieva
The US Treasury Secretary had warned Congress three weeks ago that the Treasury would run out of maneuvering room by mid-October
The calls are the latest sign of mounting pressure on the US government to avert a potential crisis if it's no longer able to borrow money to pay its bills
"Neither delay nor default is tolerable" and lawmakers must act quickly, Yellen added
The rupee opened at 73.8250 a dollar, down from its previous close of 73.48. At 10.50 AM, the rupee was at 73.6750, brought down by nationalised banks selling dollars
The staffing shortfall has left Yellen's team frustrated with over-stretched portfolios, hurting morale as work to develop and enact policies becomes more difficult
Yellen has campaigned for congressional action and has warned that the Treasury would probably reach the borrowing limit sometime next month.
Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the US from broaching the government's borrowing limit in October
As Jerome Powell nears the end of his term as Federal Reserve chair, Yellen is getting another chance to shape the future of the central bank.
Yellen urged agency heads at the July 19 meeting to "act quickly" to ensure stablecoins face appropriate rules
China on Tuesday denounced an appeal by Treasury Secretary Janet Yellen for a US-European unified front against Chinese unfair economic practices and human rights abuses. China strongly deplores and rejects Treasury Secretary Yellen's remarks, said a foreign ministry spokesman, Zhao Lijian. Yellen issued the appeal Tuesday during a meeting with European Union officials in Brussels. President Joe Biden is trying to revive traditional alliances following the America First policies of his predecessor, Donald Trump. Together, we need to counter threats to the principles of openness, fair competition, transparency and accountability, Yellen said, according to a text released by her department. These challenges include China's unfair economic practices, malign behavior and human rights abuses, Yellen said. The more we confront these threats with a unified front, the more successful we will be. Zhao rejected the criticism, saying Beijing always firmly supported the multilateral trading .
A tax-cut race to the bottom must end, she said
Questions remain over US admin's ability to get Congress to ratify changes
US Treasury Secretary Janet Yellen said that deterring use of tax havens will let countries compete on economic fundamentals instead of by offering ever-lower tax rates
US Treasury Secretary Janet Yellen on Tuesday discussed a shared interest between the United States and India to implement a "robust" global minimum tax, the Treasury said
Treasury Secretary Janet Yellen told a congressional panel that failing to raise the federal debt ceiling would have catastrophic consequences that could bring on a financial crisis
Yellen said in testimony she's scheduled to deliver before the Senate Finance Committee that she came into her job in January hoping to help Americans "make it to the other side of the crisis."