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Recently, Janet Yellen, the United States Treasury Secretary, wrote a letter to Kevin McCarthy, the House Speaker, warning that if the Congress does not raise or suspend the debt limit, the US Government may default on its debt as early as June 1. This comes in the wake of the House of Representatives passing a bill to increase the debt ceiling. However, the bill contains some conditions and limitations on spending powers of federal government that are unacceptable to the
The United States Treasury Secretary, Janet Yellen has admitted that the "weaponization" of the U.S. dollar in the form of sanctions, could backfire. But Yellen says that won't happen until another currency is ready to replace it.
Get latest articles and stories on World at LatestLY. Finance Minister Nirmala Sitharaman on Tuesday met with US Treasury Secretary Janet Yellen on the sidelines of the World Bank and IMF Spring Meetings 2023 in Washington. World News | Sitharaman, Yellen Discuss Strengthening India-US Economic Partnership.