Janet Yellen News
03.08 / 17:21
03.08 / 05:13
Wall Street
The U.S. credit rating has been downgraded again. What does that mean?
Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that contributed to sharply lower stock prices in Wednesday trading.
02.08 / 19:35
MAIL
Digital
Remark
electronic
IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperwork
Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025
02.08 / 13:57
02.08 / 11:57
Siemens
Manufacturing
DAX
Fitch
European stocks weaken after U.S. downgrade; risk sentiment hit hard
Investing.com — European stock markets traded lower Wednesday, with risk sentiment hit by the surprise downgrade to the U.S.’s top-tier sovereign rating as well as slowing regional growth.
02.08 / 11:57
02.08 / 07:33
Fitch
Congress
US
Moody's
US loses Fitch AAA rating following debt ceiling turmoil
Fitch said that brinkmanship over debt ceiling negotiations and “last-minute resolutions” had increased in recent year, which has “eroded confidence in fiscal management”.
02.08 / 01:23
COST
Strategy
LinkedIn
Fitch
Moodys
show
Fitch cuts US credit rating to AA+; Treasury calls it 'arbitrary'
Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.
02.08 / 01:07
Fitch
Fitch cuts US credit rating to AA after debt limit standoffs; cites expected fiscal deterioration over next three years
Joe Biden and the Republican-controlled House of Representatives reached a debt ceiling agreement that lifted the government's $31.4 trillion borrowing limit. “In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," the rating agency said in a statement.
01.08 / 22:47
Compilation
Fitch
country
Fitch downgrades US credit rating
The U.S. was stripped of its top-tier sovereign credit rating by Fitch Ratings, echoing a move made more than a decade ago by S&P.
30.07 / 12:05
UPS
MET
Cooper
Citizens
Manufacturing
country
France's Le Maire presses China on market access and lobbies for electric car investment
The French finance minister says he pressed Chinese leaders to open their markets wider to foreign companies
29.07 / 12:27
26.07 / 14:14
Target
Cooper
Progressive
Action
Remark
country
National
US willing to take 'targeted' actions against China for national security, Treasury official says
WASHINGTON (Reuters) — U.S. Treasury Undersecretary Jay Shambaugh said on Wednesday the Biden administration will not hesitate to take targeted actions against China to secure the national security interests of the U.S. and its allies and to protect human rights, but added that the two countries must cooperate on global challenges.
25.07 / 21:49
25.07 / 21:16
MET
FIVE
China names Pan Gongsheng to lead central bank, succeeding Yi Gang
China's ceremonial legislation has endorsed the promotion of Pan Gongsheng to serve as central bank governor
21.07 / 20:13
COST
Provident
FIVE
Manufacturing
country
electronic
Untangling the U.S. From China’s Economy Is Messy
The Biden administration’s attempt to surgically cut economic ties with China is proving difficult to execute. Treasury Secretary Janet Yellen visited Vietnam this week to discuss her push for “friendshoring," a term she uses to call for companies to shift supply chains from China to friendlier nations. Trade between the U.S.
21.07 / 17:51
UPS
FIVE
Digital
Manufacturing
Action
country
NOT
China plus one, not really minus China
India a window of between three and five years to cash in on the opportunity will be well received in policy circles. India has been preparing for this eventuality for a while now. It has, over the past decade, cleaned up bad debts in the banking system, lowered corporate tax rates to internationally acceptable levels, diverted increasing chunks of the government budgets at building physical and digital infrastructure, and has rolled out incentives for local manufacturing and exports in select industries.
21.07 / 17:05
Target
MET
Microsoft
Action
US Commerce secretary still plans China trip despite hacking
By David Shepardson and Doina Chiacu
21.07 / 04:19
COST
UPS
Provident
MET
country
Friend
Yellen friend-shoring push in authoritarian Vietnam draws flack
Janet Yellen’s push to elevate economic ties with Vietnam, on display with a high-profile trip this week, is drawing fire for seeking to strengthen US supply chains by replacing one repressive country with another. Yellen, who in December wrote, “We must shift away from supply chains that violate core human rights” — a reference to documented abuses in China — is meeting Vietnam’s prime minister, finance minister, central bank governor and chair of its national assembly on a three-day visit to Hanoi.
21.07 / 03:07
20.07 / 17:25
Provident
MET
Remark
country
Yellen visits Vietnam, seeking to build US ties and supply chains, and offset tensions with China
U.S. Treasury Secretary Janet Yellen has told top Vietnamese officials that Washington considers building strong economic and security ties with Vietnam a priority
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