The Biden administration and the Qatari government have reached an agreement to block Iran from accessing $6 billion in funds that were part of a prisoner swap deal last month. The decision comes amid pressure from both sides of the aisle to prevent Iran from accessing the money, as U.S. officials investigate whether Iran had any involvement in recent cyberattacks. The agreement does not provide a timeline for how long the funds will be blocked.
Posts tagged as “the Department of the Treasury”
Treasury Secretary Janet Yellen recently visited Beijing to discuss setting relations between the U.S. and China on a "surer footing". Yellen noted that the two countries have significant disagreements, but the Biden administration does not see the relationship as a zero-sum game. She said that the two countries must communicate their disagreements clearly and work together to address shared global challenges, while considering curbs on U.S. investment in China. Yellen urged the two countries to find common ground and build trust through dialogue and cooperation.
Treasury Secretary Janet Yellen has defended the United States' actions to protect its national security in a meeting with Chinese Premier Li Qiang, citing the U.S.'s October announcement of sweeping export controls and China's recent measures to restrict the export of two metals used in chip manufacturing. Despite some friction, Yellen said the U.S. is committed to working with China to promote a more open, balanced, and mutually beneficial economic relationship.
Treasury Secretary Janet Yellen has arrived in Beijing for a four-day visit, the first high-level meeting between the U.S. and China since tensions began to escalate. This visit marks a thaw in ties between the two countries and presents an opportunity to communicate and collaborate on global challenges. Yellen's visit is expected to focus on economic issues, including the global economic recovery, the U.S.-China trade relationship, and the Biden administration's plans for economic stimulus.
Treasury Secretary Janet Yellen is visiting China this week to discuss the implications of recent laws passed by China on U.S. citizens and businesses, with the aim of improving the relationship between the two countries. These laws include a counterespionage law, a Foreign Relations Law, and the sentencing of a U.S. citizen to life in prison on spying charges. Yellen's visit is expected to focus on the importance of the two countries to global economic stability.
Treasury Secretary Janet Yellen is traveling to Beijing this week to improve U.S.-China relations, with the intention of deepening communication, avoiding miscommunication, and expanding collaboration. During her visit, Yellen will meet with Chinese officials, U.S. companies, and Chinese people, and will discuss macroeconomic and financial issues. This trip is seen as a continuation of the Biden administration's effort to thaw U.S.-China relations, and could potentially lead to improved communication and collaboration between the two countries.
Senate Majority Leader Chuck Schumer has vowed to pass the bill to suspend the debt ceiling and limit government spending as soon as possible to avoid a U.S. default. Senate Minority Whip John Thune has cautioned that final passage of the bill could come Friday, depending on the agreement of amendment votes. The Senate needs to pass the bill before Monday to prevent a catastrophic economic crisis.
President Biden and House Speaker Kevin McCarthy's teams have been negotiating for days in an effort to reach an agreement on the debt ceiling before the June 5 deadline. Treasury Secretary Janet Yellen announced that the United States has a few more days than expected before it runs out of money. President Biden expressed optimism that a deal could be reached by the end of the night.