Janet Yellen

The economist gran into criticism last year for seeming, in comments at a conference, to doubt the science that says the burning of fossil fuels causes global warming

‘Household payments on mortgages, auto loans, and credit cards would rise, and American businesses would see credit markets deteriorate,’ she said

Biden has resisted direct negotiations over raising the nation’s legal debt ceiling, warning against potentially throwing the economy into chaos

The US plans to borrow $932 billion during the January-to-March quarter

The Treasury and State departments announced the moves in coordinated statements that target dozens of the mercenaries’ affiliates

‘It is possible for markets to become quite concerned about whether or not the US will pay its bills,’ the treasury secretary said

The economic benefits that major slave-trading nations, including the United States, reaped for hundreds of years on the backs of unpaid labor could amount to tens of trillions of dollars

What could be worrisome is not the existence of extraordinary measures, but what happens if they are exhausted this summer without a deal in place

The Treasury Department asks Congress to raise it and expect to begin taking extraordinary measures

Chairman Jerome Powell could apply a 0.75 percentage point hike in a bid to cool inflation, while some observers say the increase will be as high as one entire point