Yellen is seen returning clarity on the U.S. strong-dollar policy, stabilizing the $6.6-trillion-a-day currency market that's the backbone of global finance and commerce
Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789
The US is starting the 2021 budget year the way the old year ended, with soaring deficits
The US Treasury has sanctioned two high-ranking Hezbollah officials, including a former military commander in the country's south.
Trump ordered ByteDance last week to divest TikTok's US operations within 90 days
Treasury officials also announced that the government plans to borrow $1.22 trillion in the October-December period
Congress must act decisively to avoid repeating mistakes of the recovery from the Great Recession, writes former chairman of the Federal Reserve
"China's secrecy, deceptions, and cover-ups allowed it to spread all over the world and China must be held fully accountable."
The bill targets police units that have cracked down on Hong Kong protesters, as well as Chinese Communist Party officials responsible for imposing a strict national security law on Hong Kong
Central bank does huge OMO silently to control domestic bond yields
The deficit so far for the fiscal year that began September 1 climbed to $1.48 trillion
The two sides agreed to maintain communication going forward, the Chinese commerce ministry said in its statement.
China's unrelenting ascension is unstoppable
According to international media, four Chinese companies have begun testing their vaccine candidates on humans, more than the United States and Britain combined
This is five times what the United States borrowed at the peak of the 2008 financial crisis
In the last one year since February 2019, the overall holding of India has jumped by a staggering $33.2 billion
This month, the Fed announced it was offering up to $2.3 trillion initially through five different lending facilities
The paper checks are scheduled to be issued at a rate of 5 million each week until September, starting with the lowest-income taxpayers
Few analysts got the call right. Forecasts have consistently overshot the eventual path of bond yields over the years.
As global markets tumbled, investors fled headlong to bonds to hedge the economic trauma of COVID-19, and oil plunged more than 30%