U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.
The United States announced on Tuesday that it has allocated $20 billion in funding for Ukraine, utilizing proceeds earned from frozen Russian assets. The funds are part of a larger $50 billion support package coordinated by the Group of Seven (G7) nations. This financial boost comes just 40 days before President Joe Biden is set to leave office, raising questions about the future of U.S. support for Ukraine under President-elect Donald Trump.
The United States and United Kingdom are implementing restrictions on the trade of new Russian-origin metals, including aluminum, copper, and nickel, on global metal...
A recent US assessment reveals that China is playing a crucial role in supporting Russia's largest military buildup since Soviet times by increasing exports...
Senator Tim Scott (R-SC) wrote a letter to Treasury Secretary Janet Yellen and FinCEN Director Andrea Gacki, requesting answers to questions relating to the Treasury's role in flagging customers who purchased religious texts and political terminology such as "MAGA" and "Trump."
The U.S. budget deficit increased 23 percent to $1.7 trillion, an increase of $320 billion, in the year after the Biden administration pushed through the Inflation Reduction Act which it claimed would close the government’s funding gap.
In the backdrop of this appeal, discussions have been initiated within the Biden administration, in collaboration with congressional members, to potentially curate a larger combined aid package.
