As of Jan 6, the Treasury Department had distributed more than USD 245 billion of the fund for localities to expand access to testing and vaccines
US Treasury Secretary Janet Yellen said that the country's economy "has never worked fairly for Black Americans" and there is much more work needed to be done to narrow racial wealth gap
Congress avoided catastrophic debt default after Democratic majorities in both chambers voted to send a $2.5 trn increase in nation's borrowing authority to Biden over lockstep Republican opposition.
Switzerland or the Cayman Islands have long been the focuses of regulators looking to find hidden cash
MacKenzie Scott tops this year's ranking, replacing the outgoing German chancellor Angela Merkel
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 December 15.
Nirmala Sitharaman and her American counterpart Janet Yellen on Thursday discussed among other issues fighting illicit finance, money laundering and combating terrorism financing
US Treasury Secretary Janet Yellen will host the next round of India Economic and Financial Partnership meet with her Indian counterpart Nirmala Sitharaman on Thursday
The meeting underscores the growing importance of the US-India relationship, and increasing economic and financial ties between the two countries
The bank also plans to boost its private sector operations to attract more private sector capital to finance new climate technologies and innovations, using $12 billion from its balance sheet
Janet Yellen puts her on notice; says she will closely evaluate any new fact or finding
It will take place on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Washington
She said what needs to be done is for Congress and the administration to show they can be trusted to pay the country's bills.
Biden govt has yet to offer support for Georgieva
The US Treasury Secretary had warned Congress three weeks ago that the Treasury would run out of maneuvering room by mid-October
The calls are the latest sign of mounting pressure on the US government to avert a potential crisis if it's no longer able to borrow money to pay its bills
"Neither delay nor default is tolerable" and lawmakers must act quickly, Yellen added
The rupee opened at 73.8250 a dollar, down from its previous close of 73.48. At 10.50 AM, the rupee was at 73.6750, brought down by nationalised banks selling dollars
The staffing shortfall has left Yellen's team frustrated with over-stretched portfolios, hurting morale as work to develop and enact policies becomes more difficult
Yellen has campaigned for congressional action and has warned that the Treasury would probably reach the borrowing limit sometime next month.