tldrdaily.news logo
Tag

Treasury Secretary Janet Yellen

All articles tagged with #treasury secretary janet yellen

politics1 year ago

"Republicans Grill Treasury Sec. Yellen Over Surveillance of Americans' Transactions"

Treasury Secretary Janet Yellen faced tough questioning from Republicans over the Treasury Department's instructions to banks to search Americans' transaction records for potential extremism following January 6. The instructions included using search terms like 'MAGA' and 'Trump' and monitoring purchases at outdoor stores and of religious texts. Yellen promised to investigate the matter but deflected many questions, claiming she did not know much about the situation. Additionally, she was grilled over the unfreezing of $6 billion in funding to Iran, with Republicans expressing concerns about the potential misuse of the funds.

via Daily Mail|
#extremism#financial-institutions#politics
finance2 years ago

"Yellen's Surprise Could Send Stocks Soaring: Key Week for Bitcoin and Boeing"

Nomura strategist Charlie McElligott suggests that stocks may receive a surprise boost from Treasury Secretary Janet Yellen at the next quarterly refunding announcement, potentially leading to a rally in risk assets. The markets are currently struggling for traction as investors await the inflation report and the start of earnings season. Meanwhile, HSBC's global equity strategist Alastair Pinder warns that global stock markets have likely overshot fundamentals, and a temporary pause should be expected. Additionally, the SEC reports a compromised account and unauthorized post regarding the approval of exchange-traded funds investing in bitcoin, while Hewlett Packard Enterprise announces a $14 billion deal for Juniper Networks.

via MarketWatch|
#finance#inflation-report#market-outlook
politics2 years ago

The Impending Debt Ceiling Crisis: Who Will Suffer the Most?

Unless a deal is reached on the debt ceiling, government payments for programs such as Social Security, Medicare, and Medicaid, as well as military salaries and veterans benefits, could be at risk of going unpaid or being delayed. Treasury Secretary Janet Yellen maintains the nation could be unable to pay all of its bills in early June, possibly as early as June 1, though the exact date remains unclear. President Joe Biden and House Speaker Kevin McCarthy have been adamant the U.S. won't default, but still remained "far apart" on a solution on Wednesday.

via ABC News|
#debt-ceiling#government-payments#medicaid
finance2 years ago

Experts confident US will avoid debt default despite political tensions.

Wharton finance professor Jeremy Siegel has stated that there is "zero chance" of the US government defaulting on its debt, and that the debt-ceiling issue will be resolved, either by extending the timeline or raising the debt limit. US lawmakers are still debating the conditions for lifting the country's borrowing limit, with talks continuing between President Joe Biden and Speaker of the House Kevin McCarthy. Treasury Secretary Janet Yellen has reiterated her June 1 deadline for Congress to raise the national borrowing limit.

via Markets Insider|
#finance#jeremy-siegel#treasury-secretary-janet-yellen
politics2 years ago

Debt ceiling talks and the dangerous debate over the 14th Amendment.

Senator Chris Murphy opposes President Joe Biden using the 14th Amendment to unilaterally avert a debt default, stating that it would absolve Congress from being adults. Biden is considering the 14th Amendment option to bypass the ongoing stalemate in Congress over raising the debt ceiling, but regards it as a problematic, untested legal theory. Treasury Secretary Janet Yellen has warned that if Congress doesn't act in time, the US could start defaulting on its debts as early as June 1. House Republicans have been pushing to attach spending cuts to a debt ceiling increase, while Democrats are reluctant to negotiate over whether to pay the country’s bills or default and have insisted on a clean debt limit hike.

via NBC News|
#14th-amendment#congress#debt-ceiling
finance2 years ago

Jamie Dimon cautions against panic as U.S. nears debt default.

JPMorgan Chase CEO Jamie Dimon has warned that panic will grip markets as the U.S. approaches a possible default on its sovereign debt, which he called "potentially catastrophic" for the country. While he expects the worst-case scenario to be avoided, Dimon said that if it gets to the panic point, people have to react, and it could affect other markets around the world. JPMorgan has been preparing for the risk of an American default, and Dimon exhorted politicians from both major U.S. parties to compromise and avoid a ruinous outcome.

via CNBC|
#finance#jamie-dimon#jpmorgan-chase
finance2 years ago

"Record High Credit Default Swaps and Investor Exodus Amid US Debt Ceiling Impasse"

The cost of insuring exposure to US government debt rose to fresh highs on Wednesday, as President Joe Biden and top lawmakers remained deadlocked in talks over raising the $31.4tn federal borrowing limit. The cost of insuring US debt against default for five years stood at 73 basis points, touching the highest level since 2009. A protracted legislative fight around the US debt ceiling could lure panicky buyers of insurance against a government default in coming weeks, as Treasury Secretary Janet Yellen said the government may be unable to meet all payment obligations as soon as June 1.

via Reuters|
#credit-default-swaps#finance#government-bonds
politics2 years ago

Debt Ceiling Talks: Yellen Warns of Catastrophe, Biden Urged to Compromise with McCarthy.

Failure to raise the US debt ceiling would cause an "economic catastrophe," warns Treasury Secretary Janet Yellen. The political stalemate over raising the debt limit is forcing the Treasury Department dangerously close to a potential US debt default. Congress must vote to either raise or suspend the debt limit before Treasury runs out of emergency funding. However, with only eight days left this month during which both the House and the Senate are scheduled to be in session at the same time, time is running out to reach a deal.

via CNBC|
#congressional-negotiations#economic-catastrophe#politics