"There is risk when we use financial sanctions that are linked to the role of the dollar that over time it could undermine the hegemony of the dollar," Yellen said, adding that implementing sanctions against Russia "does create a desire on the part of China, of Russia, of Iran to find an alternative."
House Speaker Kevin McCarthy endorses the idea of using the U.S. military to combat Mexican drug cartels and supports designating them as foreign terrorist organizations in an exclusive interview with Breitbart News.
A study from the Social Science Research Network (SSRN) revealed that 186 banks could collapse if half of their uninsured depositors withdraw their funds.
Customers of small U.S. banks pulled a record $119.9 billion of deposits in the seven days ending March 15, data released by the Federal Reserve showed Friday.
The Fort Pickett Army base on Friday changed its name to Fort Barfoot, in the first of nine expected name changes for Army bases named after Confederates.
The economically-ailing Vatican has inaugurated a 120,000-square-foot shopping mall to cater to the millions of tourists and pilgrims that visit it each year.
