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Tag: Treasury

US-China talks a 'step forward' in relations, says Treasury Secretary Janet Yellen – BBC News

US Treasury Secretary Janet Yellen has said her visit to Beijing has marked a “step forward” in efforts to stabilise relations between the two countries. Ms Yellen spoke at the end of a four-day trip, during which talks were held over issues including climate change. She described the talks as “direct, substantive and productive” and said both sides had learned more about each other. However,…

Global banking system is stable amid crisis, US treasury secretary says – BBC News

US treasury secretary Janet Yellen offered reassurance that the banking system is stable in a speech to bankers in Washington. Yellen said the US government is prepared to help more banks if needed, saying their recent actions have demonstrated their “commitment to ensuring the banking system remains safe”. Fears were initially sparked when Swiss bank Credit Suisse was bought by rival UBS on Sunday. Please…

Dems Reject GOP ‘Ransom Note’ as Treasury Warns Debt Limit Hike Only Solution to Avoid US Default

In August 2011, the US came within hours of defaulting on its debt before lawmakers agreed to a temporary deal to raise the debt ceiling. Despite the 11th-hour solution, S&P still downgraded the US’ credit rating – and despite the problems it created, Republicans have continued to use the perennial situation as a bludgeon against their rivals. The post Dems Reject GOP ‘Ransom Note’ as…

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