The Treasury secretary will need to defend export controls and tariffs while explaining that the United States does not aim to harm China’s economy.
Category: Treasury Department
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White House Reportedly Weighs New A.I. Export Limits
Shares in the semiconductor giants Nvidia and AMD fell on a report that the Biden Administration is weighing new restrictions on A.I.-related exports.
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Chinese Firm Sent Large Shipments of Gunpowder to Russian Munitions Factory
The previously unreported shipments between a state-owned Chinese company and a Russian munitions factory last year raise new questions about Beijing’s role in Russia’s war against Ukraine.
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Energy Tax Credits, Meant to Help U.S. Suppliers, May Be Hard to Get
The Inflation Reduction Act contains tax breaks for solar and wind companies to buy American equipment. Qualifying won’t be easy.
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A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff
The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy.
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Despite Debt Limit Deal, 14th Amendment Questions Linger
President Biden has been considering ways to challenge the constitutionality of the debt limit to defuse the risk of default.
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Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout
The Treasury secretary, who considered ways to contain the fallout of a default when she was a Fed official in 2011, had urged Democrats to raise the limit while they still had control of Congress.
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Time Is Running Out for Congress to Raise the Debt Ceiling
With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.
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Yellen Expects U.S. to Run Out of Cash by June 5 as Debt Talks Continue
The latest estimate is a slight extension from the previous June 1 deadline and comes as Republicans and the White House are trying to reach an agreement to raise the debt ceiling and avoid a crippling default.
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$49.5 Billion in U.S. Treasury? For These Billionaires, That’s Nothing
The cash balance at the Treasury Department is now lower than the net worth of some of the world’s richest people.