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Treasury Secretary Yellen testifies ‘banking system is sound’

(WASHINGTON) -- Treasury Secretary Janet Yellen told Congress on Thursday the U.S. "banking system is sound" after two bank failures stirred economic fears.Yellen, who testified before the Senate Finance Committee about President Joe Biden's proposed budget, began her remarks by addressing the abrupt collapse of... Read More.

Treasury secretary says US to hit debt limit on Jan. 19

(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... Read More.