US TREASURY SECRETARY JANET YELLEN

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Dollar Burn out

IN-DEPTH

The ongoing trend toward dedollarization

The US Treasury Secretary, Janet Yellen, says Washington should expect a gradual decline in the dollar share of the global reserve as a global dedollarization move is gaining momentum.

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ECONOMY

US default could ‘cause a global financial crisis’: Yellen

US Treasury Secretary Janet Yellen has warned that the United States could see a recession and "cause a global financial crisis" if it defaults on its national debt as lawmakers grapple over raising the debt limit.

Washington

ECONOMY

US Treasury takes frantic steps to avoid looming default

US Treasury Secretary Janet Yellen has sounded the alarm on the possibility of the United States defaulting on its national debt as lawmakers grapple with a fast-approaching breach of the debt limit.

Washington

RUSSIA

West’s ‘dangerous’ price cap won’t curb demand for Russian oil: Moscow

The Russian embassy in Washington said Moscow was “confident Russian oil will continue to be in demand.”

Russia

ECONOMY

US Treasury chief warns of need to lift debt ceiling

The US Treasury chief warns that lawmakers' failure to raise the statutory limit on US debt poses a ‘huge threat’ to the nation's economy.

US

ECONOMY

US faces 'unacceptable levels of inflation': Treasury secretary

US Treasury Secretary Janet Yellen has told senators the United States faces "unacceptable levels of inflation".

Washington

FOREIGN POLICY

US urges Europeans to adopt a united approach against China

US Treasury Secretary Janet Yellen has said that the United States and its Western allies must take a wary and united approach to check China and its business practices.

Germany