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Michael M. Santiago/Getty Images (NEW YORK) — Treasury Secretary Janet Yellen joined ABC News’ “This Week” to discuss the $50 billion loan to Ukraine from world leaders.  The money will help Ukraine rebuild and stave off continued Russian offensives. The loan is backed by the profits of frozen Russian assets.  After the announcement from the G7 conference, Russian President […]

ABC News (CHICAGO) — With the economy looming large in the 2024 election, Treasury Secretary Janet Yellen said Thursday she sees “no reason” for a recession this year and insisted consumers are turning more optimistic about their finances. “I think 2024 is going to be a very good economic year. That said, there are always […]

Mint Images/Getty Images (WASHINGTON) — Treasury Secretary Janet Yellen on Friday issued a new letter to Congress stating the government won’t begin to run out of money to pay its bills until June 5 — slightly later than the agency’s previous prediction of as soon as June 1. “Based on the most recent available data, […]

Chip Somodevilla/Getty Images (WASHINGTON) — Treasury Secretary Janet Yellen told Congress on Thursday the U.S. “banking system is sound” after two bank failures stirred economic fears. Yellen, testifying before the Senate Finance Committee, began her remarks by addressing the abrupt collapse of Silicon Valley Bank in California and Signature Bank in New York. “I can […]

ABC News (NEW YORK) — Treasury Secretary Janet Yellen rejected recession fears in an interview with ABC News’ Good Morning America on Monday, saying the economy remains “strong and resilient.” A blockbuster jobs report last week showed that the economy added 517,000 jobs in January, dropping the unemployment rate to a near-historic low. “You don’t […]

Alex Wong/Getty Images (WASHINGTON) — Treasury Secretary Janet Yellen told congressional leaders Friday the U.S. would hit its debt limit next week — setting up a showdown between Democrats, the White House and House Republicans, who have vowed to tie any increase in the debt ceiling to spending cuts. The nation will reach its $31.4 […]