janet yellen

Over the weekend, the United States suffered the second-largest bank failure in history. The consensus view is that Silicon Valley Bank made a huge mistake by borrowing short term and then parking money in long-term bonds. When interest…

Almost immediately after Silicon Valley Bank (SVB) failed, the Biden administration rushed in to clean up a mess that the president’s inflationary spending and the Federal Reserve’s aggressive interest rate changes created in the first…

U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing on Capitol Hill in Washington, D.C., June 23, 2021. (Greg Nash/Reuters) Some Republicans are challenging Treasury Secretary…

Most of the members of President Joe Biden’s cabinet have been confirmed following months of sometimes tense confirmation hearings. The Onion runs down key members of Biden’s cabinet.AdvertisementJanet Yellen: Biden’s treasury secretary…

WASHINGTON—With a 26-0 vote of approval from the Senate Finance Committee, treasury secretary nominee Janet Yellen cleared a key confirmation hurdle Friday after correctly identifying a $5 bill in a blind taste test. “I’m definitely…