Treasury takes another 'extraordinary' step on debt limit
U.S. Treasury Secretary Janet Yellen sent a letter Tuesday to congressional leaders saying she's suspending the reinvestment of some federal bonds in a government workers' savings plan — an additional “extraordinary" measure to buy time for President Joe Biden and Congress to raise the nation's debt limit. Yellen said in the letter that as of Monday she also determined that the government “will be unable to invest fully” in the government securities portion of the thrift savings fund in the federal employees' retirement system.news.yahoo.com
Yellen in Zambia to discuss debt to China, public health
U.S. Treasury Secretary Janet Yellen is in Zambia on the second leg of her African tour, a stop aimed at promoting American investment and ties while she's in a capital city that is visibly dominated by Chinese dollars. Visitors to Lusaka arriving at the renovated Kenneth Kaunda International Airport see a facility expanded in 2015 with Chinese financing. Zambia became Africa’s first pandemic-era sovereign to default when it failed to make a $42.5 million bond payment in November 2020.news.yahoo.com
Door of No Return: Yellen visits onetime slave-trading post
U.S. Treasury Secretary Janet Yellen paid a solemn visit Saturday to the salmon-colored house on an island off Senegal that is one of the most recognized symbols of the horrors of the Atlantic slave trade that trapped tens of millions of Africans in bondage for generations. Yellen, in Senegal as part of a 10-day trip aimed at rebuilding economic relationships between the U.S. and Africa, stood in the Gorée Island building known as the House of Slaves and peered out of the “Door of No Return,” from which enslaved people were shipped across the Atlantic.news.yahoo.com
Poll: As debt battle looms, 55% of Americans say GOP House is 'dysfunctional'
By a massive 30-point margin, Americans say Republicans’ protracted battle earlier this month to elect a new House speaker is a sign that “Congress is dysfunctional” (55%) rather than “functioning as intended” (25%), according to a new Yahoo News/YouGov poll.news.yahoo.com
The Economist: Here We Go Again!
Congress should fix the debt ceiling once and for all — but it won’t!As the Treasury Department defines it, the “debt limit is the total amount of money that the United States government is authorized[San Marcos, TX] [Hays County news] News San Marcos News, San Marcos Record [Texas State]sanmarcosrecord.com
On the money: Yellen's next milestone is name on US currency
Faith in the U.S. dollar has often hinged in part on what Treasury Secretary Janet Yellen says. Yellen loops her capital “J” and “Y,” with the rest of her name flowing in a haste that suggests handwriting might not have been the top priority for this pathbreaking economist.news.yahoo.com