Federal Reserve Chairman Jerome Powell indicated Tuesday that the central bank could step up the removal of its efforts to boost the economy.
A bipartisan agreement to raise the debt ceiling is the easiest way to end the crisis. But there are other solutions to breaking the stand-off.
The recent debt ceiling standoff gave a glimpse into how catastrophic a federal default would be for the U.S. economy. While a bipartisan agreement is the easiest solution to the crisis, there are other possible solutions to breaking the standoff, including a $1 trillion coin that has gained traction in recent years. So what exactly would happen if the U.S. government fails to raise the debt ceiling, and can a $1 trillion coin really put a stop to the crisis?
In a long-awaited report, the President's Working Group on Financial Markets found, when regulated, stablecoins could transform payments.
Treasury Secretary Janet Yellen asserted that the infrastructure spending proposal will lower inflation by reducing costs vital to households.
The enhanced child tax credit, including advance monthly payments, will continue through 2022, according to a framework Democrats released Thursday.
With the debt ceiling deadline set for early December, some prominent politicians are drafting ideas to reform or end the borrowing limit.
Social Security checks will go out on time if the debt ceiling deal is approved by Congress. But the short-term agreement only postpones the uncertainty.
A new deal in Congress kicks the can on raising the debt ceiling down the road. Here's what investors will be eyeing between now and the December 3 deadline.
Treasury Secretary Janet Yellen cautioned Tuesday that inflationary pressures hitting the U.S. economy could last for a while.
Treasury Secretary Janet Yellen joins CNBC's "Squawk Box" to discuss the Fed and inflation concerns.
Treasury Secretary Janet Yellen joins CNBC's "Squawk Box" to discuss why it would be "catastrophic" if lawmakers didn't raise the debt ceiling.
Treasury Secretary Janet Yellen believes the economy would fall into a recession if Congress fails to raise the debt ceiling before a default on the U.S. debt.
Treasury Secretary Janet Yellen said Thursday she would just as soon see the power over debt limits taken away from Congress.
Treasury Secretary Janet Yellen describes how her office has helped disburse financial assistance to states and localities, the $1.4 million renters assistance program and provisions that could help the disbursement effort.
CNBC's Ylan Mui breaks down Treasury Secretary Janet Yellen's latest comments from Capitol Hill.
Treasury Secretary Janet Yellen said Congress has until Oct. 18 to address the looming debt ceiling and avoid economic calamity.
The White House on Thursday began to advise federal agencies to prepare for the first government shutdown of the Covid-19 era.
The Biden administration imposed sanctions Wednesday on eight members of the notorious Mexican Sinaloa drug cartel.