Janet Yellen

GM warned that 2,000 UAW-represented workers at an assembly plant in Kansas City are ‘expected to be idled as soon as early this week’ because of a shortage of supplies from another plant near St. Louis, where workers walked off on Friday

Raimondo plans meetings with Chinese officials and U.S. business leaders in Beijing and Shanghai

The downgrade may have little impact on financial markets long-term or on the interest rates the U.S. government will pay

It’s only the second time in the nation’s history that its credit rating has been cut

Vietnam has quickly become a major export production hub for global manufacturers like South Korea’s LG and Samsung Electronics, suppliers to Apple, Inc. and auto makers like Honda and Toyota

Yellen defended “targeted measures” on trade on Sunday that China’s leaders complain are aimed at hurting its fledgling tech industries

Yellen is one of a series of U.S. officials who are due to visit Beijing as part of efforts to revive relations that are at their lowest level in decades

Beijing has placed export controls on two critical minerals for making semiconductors and introduced a law that places the Communist Party at the center of foreign policy

Yellen planned to focus on stabilizing the global economy and challenging Chinese support of Russia during its invasion of Ukraine

The goal of her visit is to deepen and increase the frequency of communication between U.S. and China

Negotiators from both sides made clear, publicly and privately, that it was the biggest area of disagreement and almost led to the talks breaking down several times

The White House announced the signing, done in private, in an emailed statement in which the President thanked congressional leaders for their partnership

The most radical Republican and Democratic Congress members voted against the agreement, but did not succeed in stopping it

Support from both parties will be needed to win congressional approval next week before the government’s projected June 5 debt default

The international agency foresees high interest rates until the end of 2024 due to persistent inflation and a resilient economy

Americans and the world are watching with concern the negotiating brinkmanship that could throw the U.S. economy into chaos and sap world confidence in the nation’s leadership

The Treasury Secretary’s comments come as Congress breaks for the three-day Memorial Day weekend, and as tensions build over whether a deal between the White House and Republicans in Congress will be struck in time

The rating agency Fitch has put the nation’s credit on ‘Rating Watch Negative,’ which amounts to a warning that it might downgrade the nations’ credit as a result of the debt ceiling impasse

Republicans are insisting on spending cuts in exchange for raising the debt limit, while Biden says the GOP lawmakers will have to back off their “extreme positions”

The United States could run out of money to pay its bills as soon as June 1 if no deal is reached to raise the debt limit

President Joe Biden has said recouping unspent coronavirus money is “on the table” in budget talks with Congress

“That’s no way to govern,” the Republican leader has said. The White House “does not have a plan B,” he added

The president and the House speaker will meet today to discuss the standoff, which, according to a White House report, is already taking a toll on the nation’s economy

In a TV interview Sunday, the US Treasury Secretary didn’t rule out President Joe Biden acting on his own to try to avert a first-ever federal default

In a letter Monday to House and Senate leaders, Yellen urged Congressional leaders “to protect the full faith and credit of the United States by acting as soon as possible”