Labor force participation "quite depressed" versus pre-pandemic levels, Yellen says

FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021. REUTERS/Phil Noble(Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that labor force participation was “quite depressed” compared to pre-pandemic levels. “When we really get control of the

Yellen says Democrats, if needed, must tackle debt limit alone -Washington Post

FILE PHOTO: Treasury Secretary Janet Yellen attends the House Financial Services Committee hearing in Washington, U.S., September 30, 2021. Al Drago/Pool via REUTERSWASHINGTON (Reuters) – Congressional Democrats should address the nation’s debt limit on their own if Republicans refuse to act in a bipartisan manner to avoid a national default,

Yellen tells IMF's Georgieva data-rigging probe raised 'legitimate' concerns-Treasury

FILE PHOTO: Treasury Secretary Janet Yellen testifies during the House Financial Services Committee hearing in Washington, U.S., September 30, 2021. Sarah Silbiger/Pool via REUTERSWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen told International Monetary Fund Managing Director Kristalina Georgieva on Monday that a law firm’s report into World Bank data-rigging

U.S. Treasury's Yellen says tax hike, infrastructure plan will boost profits

FILE PHOTO: Former Federal Reserve Chairman Janet Yellen speaks during a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry/File PhotoWASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen defended President Joe Biden’s $2.2 trillion infrastructure corporate tax

Treasury Secretary Yellen sees room for U.S. to borrow, opens door to tax hike

WASHINGTON — Treasury Secretary Janet Yellen believes the U.S. government has more room to borrow, but said higher taxes would likely be required in the long run to finance future spending increases. Yellen appeared Wednesday before the Senate Banking Committee with the Biden administration considering up to $3 trillion in

Joe Biden, Janet Yellen say GOP coronavirus aid package too small

WASHINGTON — President Joe Biden panned a Republican alternative to his $1.9 trillion COVID rescue plan as insufficient as Senate Democrats pushed ahead, voting to launch a process that could approve his sweeping rescue package on their own, if Republicans refuse to support it. Biden and Treasury Secretary Janet Yellen

Yellen wins unanimous U.S. Senate panel vote despite Republican tax, debt concerns

WASHINGTON (Reuters) – The U.S. Senate Finance Committee on Friday unanimously approved Janet Yellen’s nomination as the first woman Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies. A full Senate vote on Yellen was

Biden to choose ex-Fed chair Yellen as first woman Treasury secretary, allies say

WILMINGTON, Del./WASHINGTON – (Reuters) – U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary, putting a woman in the job for the first time, according to two Democratic allies.FILE PHOTO: Former Federal Reserve Chair Janet Yellen speaks during a panel discussion