What Janet Yellen would bring — and face — as treasury secretary

Jan 19, 2021
In her Senate confirmation hearing Tuesday, Yellen is calling on Congress to do more to fight a deep pandemic-induced recession.
Treasury secretary nominee Janet Yellen speaks after President-elect Joe Biden announced his economic team in Wilmington, Delaware, on Dec. 1, 2020.
Chandan Khanna/AFP via Getty Images

Janet Yellen, Biden's pick for treasury secretary, says U.S. needs more pandemic relief spending

Yellen, a former Fed chair, has advocated for more spending to aid small businesses and the unemployed during COVID-19.
Yellen is seen as an authority on what happens if the government cuts back on stimulus spending too soon.
Brendan Smialowski/AFP via Getty Images

AP source: Biden taps ex-Fed chair Yellen to lead treasury

Nov 23, 2020
Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department.
Former Federal Reserve Chair Janet Yellen speaks during her last news conference in office in 2017 in Washington, D.C.
Alex Wong/Getty Images

What's next for Main Street, Wall Street as Fed lending programs are set to expire

Nov 20, 2020
Fed programs and policy have helped ease economic pain during the pandemic. In its dwindling days, the Trump administration will end some of those emergency programs Dec. 31.
Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin greet each other after testifying before Congress in June.
Tasos Katopodis/Getty Images

Awash in red ink: U.S. posts record $3.1T 2020 budget deficit

Oct 16, 2020
The federal deficit for 2020 was three times the size of last year’s deficit. It was the government’s largest annual shortfall in dollar terms.
President Donald Trump listens as Treasury Secretary Steven Mnuchin speaks during a daily coronavirus press briefing in March.
Brendan Smialowski/AFP via Getty Images

Another partner abandons Facebook's cryptocurrency

Oct 14, 2019
Travel firm Booking Holdings has pulled out of the Libra Association as companies involved in the digital currency face increased regulation.
Fabrice Coffrini/AFP/Getty Images

Former U.S. Treasury Secretary Jacob Lew warns of economic power misuse

Oct 16, 2018
"Everyone understands that there's a price you pay when you use military force. Well, there's a price you pay when you use economic force as well."
Former U.S. Treasury Secretary Jacob Lew in October 2016.
Mark Makela/Getty Images

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Former U.S. Treasury Secretary Jacob Lew warns of economic power misuse

Oct 16, 2018
"Everyone understands that there's a price you pay when you use military force. Well, there's a price you pay when you use economic force as well."
Former U.S. Treasury Secretary Jacob Lew in October 2016.
Mark Makela/Getty Images

America's tense meeting with other top economies

Mar 20, 2017
The U.S. resists anti-protectionism agreement.
Participants in the G20 Finance Ministers and Central Bank Governors Meeting pose for a photo in Baden-Baden in southern Germany on Friday.
THOMAS KIENZLE/AFP/Getty Images

What would a Treasury Secretary Mnuchin mean for the U.S. economy?

Feb 13, 2017
Today, the Senate is scheduled to vote on President Donald Trump’s nominee for Treasury secretary, former Goldman Sachs executive Steven Mnuchin. It looks like he’ll make it through the vote and be the Treasury secretary before the day is done. What might his confirmation mean for the American economy? Click the audio player above for […]