Yellen said it is 'critical that Congress act in a timely manner' to increase or suspend the debt limit.
The Biden administration has already released oil from the strategic reserve and increased ethanol blending for the summer.
Martin Luther King Day is a moment when a mirror is held up to America, the president said in a video address.
Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation’s first-ever default soon after Dec. 15. In a letter to congressional leaders, Yellen said that she believed Treasury c
The president-elect also named Cecilia Rouse to lead the White House Council of Economic Advisers.
The Senate has approved President Donald Trump's selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month.
The Senate Banking Committee has given approval to President Donald Trump's selection of Jerome Powell to be the next chairman of the Federal Reserve.
Janet Yellen is submitting her resignation from the Federal Reserve board to President Donald Trump, announcing that she will leave the board when her successor Jerome Powell is sworn is as Fed chairman.
President Donald Trump is choosing Federal Reserve board member Jerome Powell to become the next chair of the U.S. central bank.
Federal Reserve Chair Janet Yellen is signaling that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank's 2 percent target rate.