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REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 13 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said negotiations on the trade section of the Indo-Pacific Economic Framework will need further work, a setback for the Biden administration which had hoped to announce substantial outcomes this week. Yellen told a news conference there has been "very substantial progress" on three of the four areas under discussion by the 14 IPEF member countries, but there are "remaining issues" on trade. She said there had been "significant progress" on the trade pillar, "but it looks not to be complete, like something that is likely to require further work." People familiar with the talks said that an announcement of outcomes is more likely on clean energy cooperation and anti-corruption pillars of the IPEF. Both agreed that the U.S. and China should seek fair trade relations and a level playing field on which their companies can compete, Yellen added.

Persons: Janet Yellen, Lifeng, Carlos Barria, Biden, Yellen, Joe Biden, IPEF, Donald Trump, David Lawder, Ann Saphir, Tom Hogue, Lincoln Organizations: Treasury, APEC, Economic Cooperation, REUTERS, FRANCISCO, . Treasury, Reuters, Asia Pacific Economic Cooperation, San Francisco . U.S, Pacific Partnership, Thomson Locations: U.S, Asia, San Francisco , California, Pacific, San Francisco ., China, CHINA, Beijing, San Francisco

☆ EXCLUSIVE: Janet Yellen's In-N-Out order revealed
▼ + stars: | 2023-11-14 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

Janet Yellen is meeting with Chinese President Xi Jinping today. Before meeting him at the San Francisco airport, Yellen stopped at an In-N-Out. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn her way to meet Chinese President Xi Jinping at the San Francisco airport, Treasury Secretary Janet Yellen stopped at In-N-Out for a bite to eat. Janet Yellen ordering In-n-out before heading to the airport to greet Xi Jinping pic.twitter.com/0ssqar6he2 — Viktoria Dendrinou (@v_dendrinou) November 14, 2023But what did the famous economist order?

Persons: Janet Yellen, Xi Jinping, Yellen, —, 0ssqar6he2 — Viktoria Dendrinou, Lily Adams, Treasury Department didn't, Joe Biden Organizations: Treasury, Service, Public Affairs, Treasury Department, Economic Cooperation, Wednesday, Tech Locations: San Francisco, Asia, China

☆ Yellen on China visit: Meeting laid a productive ground work
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYellen on China visit: Meeting laid a productive ground workCNBC's Eamon Javers joins 'Closing Bell' to report on Treasury Secretary Janet Yellen's meeting with China's vice president.

Persons: Eamon Javers, Janet Yellen's Locations: China

SAN FRANCISCO, Nov 10 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that she agreed with Chinese Vice Premier He Lifeng to "intensify communication" on economic issues but warned him to crack down on Chinese companies that give material support to Russia for its war in Ukraine. "During our discussions, we agreed that in-depth and frank discussions matter, particularly when we disagree," Yellen said. "And I emphasized that the current uncertain global landscape makes it particularly crucial that we maintain resilient lines of communication going forward." "We would like to see China crack down on this, especially when we're able to provide information," Yellen said. Discussing the Israel-Hamas war, Yellen spoke of the need "to prevent escalation and expansion of the conflict in the Middle East," the Treasury said in a statement.

Persons: Janet Yellen, Lifeng, Yellen, Joe Biden, Xi Jinping, Carlos Barria, Donald Trump's, Liao Min, Liao, Eric Beech, David Lawder, Ann Saphir, Andrea Shalal, David Ljunggren, Chizu Nomiyama, Andrea Ricci, Grant McCool, Christian Schmollinger, Simon Cameron, Moore Organizations: FRANCISCO, . Treasury, Economic Cooperation, Communist Party, Treasury, U.S, APEC, REUTERS, Industrial, Commercial Bank of, Finance, Ministry of Finance, Fund, Thomson Locations: Russia, Ukraine, San Francisco, Asia, China, RUSSIA, Israel, U.S, San Francisco , California, Commercial Bank of China, Washington, Beijing, United States

And tensions between the countries heightened earlier this year when a Chinese surveillance balloon was spotted traveling over sensitive U.S. airspace. The U.S. military shot down the balloon off the Carolina coast after it traversed sensitive military sites across North America. With all of the tensions, the two nations have worked to smooth economic ties. Xi similarly met with Blinken in June when the secretary of state traveled to Beijing for talks with Wang. In January, she had her first face-to-face meeting with former Vice Premier Liu He in Zurich.

Persons: Janet Yellen, Joe Biden, Xi Jinping, Nicholas Szechenyi, ”, Biden, Shou Zi Chew, Wang Yi, Antony Blinken, Jake Sullivan, Xi, Wang, Yellen, Liu, “, Colleen Long, Aamer Madhani Organizations: WASHINGTON, —, Economic Cooperation, Center for Strategic, International Studies, APEC, Chinese Foreign, White, U.S, White House, Blinken, U.S . Treasury Department, China’s Ministry of Finance, Associated Press Locations: San Francisco, Asia, United States, China, U.S, Carolina, North America, Washington, Beijing, Zurich

WASHINGTON (AP) — Taxpayers will be able to submit all sorts of tax documents and other communications to the IRS digitally months earlier than originally planned under a new timetable for paperless taxpayer communications announced Tuesday by Treasury Secretary Janet Yellen. Under the initiative, most people will be able to submit everything but their tax returns digitally in 2024. As the IRS pilots its new electronic free file tax return system starting in 2024, the agency will be able to process everything, including tax returns, digitally by 2025. The federal tax administrator receives more than 200 million paper tax returns, forms and pieces of mail and non-tax forms annually, according to the IRS. The IRS cutback would cost taxpayers billions of dollars, not save money, according to independent budget analysts.

Persons: Janet Yellen, ” Yellen, Yellen, Joe Biden, Israel Organizations: WASHINGTON, —, IRS, “, Democratic, CNN Locations: Washington, Israel

☆ Watch CNBC's full interview with Duquesne Family Office CEO Stanley Druckenmiller
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Duquesne Family Office CEO Stanley DruckenmillerStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the U.S. economy, Treasury Secretary Janet Yellen's 'big blunder' of not issuing more long-dated Treasurys when interest rates were low, government spending and the impact on the national debt, market outlook, the Fed's inflation fight, and more.

Persons: Stanley Druckenmiller Stanley Druckenmiller, Janet Yellen's Organizations: Duquesne Family Locations: U.S

☆ Stanley Druckenmiller: The government needs to stop spending like ‘drunken sailors'
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller: The government needs to stop spending like ‘drunken sailors'Stanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the U.S. economy, Treasury Secretary Janet Yellen's 'big blunder' of not issuing more long-dated Treasurys when interest rates were low, government spending and the impact on the national debt, market outlook, the Fed's inflation fight, and more.

Persons: Stanley Druckenmiller, Janet Yellen's Organizations: Duquesne Family Locations: U.S

☆ US 'frankly raised' disagreements with China at first financial working group meeting
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOct 25 (Reuters) - U.S. officials "frankly raised areas of disagreement" with China at the first meeting of a new financial working group, where financial stability, supervision and regulation were discussed, the U.S. Treasury said on Wednesday. Attendees included senior officials from China's central bank and the U.S. Treasury Department, according to a Treasury statement. "The two-hour virtual meeting included a substantive and wide-ranging discussion on domestic and global financial stability, financial supervision and regulation, sustainable finance, and anti-money laundering and countering the financing of terrorism," the Treasury said. The financial working group and a parallel economic working group were launched last month after U.S. Treasury Secretary Janet Yellen's visit to Beijing in July aimed at fostering regular communications between the world's two largest economies. The economic working group, led by senior officials from the Treasury and China's Finance Ministry held its first meeting on Monday.

Persons: Dado Ruvic, Janet Yellen's, Yellen, Pan Gongsheng, Ismail Shakil, Costas Pitas, David Lawder, Paul Grant, Diane Craft Organizations: REUTERS, U.S . Treasury, U.S . Treasury Department, Treasury, U.S, China's Finance Ministry, People's Bank of China, International Monetary Fund, Bank, Reuters, Thomson Locations: China, China's, Beijing, Marrakech, Morocco, U.S

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsWASHINGTON, Oct 23 (Reuters) - Officials from the United States and China on Monday held a two-hour long virtual meeting to discuss domestic and global macroeconomic developments, the U.S. Treasury Department said, calling the meeting "productive and substantive". U.S. and Chinese officials also raised "areas of concern," statements from the two sides said, without elaborating. The meeting was led by senior officials from the U.S. Treasury Department and China's finance ministry. The EWG was launched last month following U.S. Treasury Secretary Janet Yellen's trip to Beijing in July. China's top diplomat will travel to the United States later this week to meet Blinken.

Persons: Dado Ruvic, Joe Biden, Xi Jinping, Janet Yellen's, Antony Blinken, Gina Raimondo, Blinken, Han Zheng, Jake Sullivan, Wang Yi, Kanishka Singh, Liz Lee, Ethan Wang, Christian Schmollinger Organizations: REUTERS, Rights, U.S . Treasury Department, Economic, Treasury Department, Treasury, U.S . National, Thomson Locations: United States, China, Taiwan, San Francisco, People's Republic of China, U.S, Beijing, Yellen, New York, Malta, China's, Washington

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. Italy's 2.4 trillion-euro debt pile is the focus in Europe, where the IMF has said high debt leaves governments vulnerable to crisis. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis.

Persons: Andrew Kelly, Peter Praet, Praet, Sophia Drossos, Daniel Ivascyn, Claudio Borio, Olivier Blanchard, Ray Dalio, Janet Yellen's, Yellen, Jim Leaviss, Giancarlo Giorgetti, Daleep Singh, Joe Biden, Britain's, Yellen's, Jonathan Portes, Clare Lombardelli, Moritz Kraemer, Yoruk Bahceli, Maria Martinez, Leigh Thomas, Giuseppe Fonte, Nell Mackenzie, Naomi Rovnick, William Schomberg, Jan Strupczewski, Dan Burns, Elisa Martinuzzi, Riddhima Talwani, Jayaram, Emelia Sithole Organizations: Financial, of, REUTERS, Institute of International Finance, Reuters, European Central Bank, ECB, Bank for International, Peterson Institute for International Economics, Associates, U.S . Treasury, Wall, Economy, Britain's Treasury, Congressional, Britain's, Institution, Reuters Graphics ACT, King's College London, Labour Party, OECD, Graphics, Thomson Locations: of Manhattan , New York City, U.S, Italy, Britain, United States, Europe, Ukraine, Berlin, Paris, Rome, London, Brussels, Washington, Marrakech

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis. Not enough reforms are being implemented, OECD chief economist Clare Lombardelli warned.

☆ Yellen Says U.S. Will Fight to Ensure Robust Economic Aid for Ukraine
▼ + stars: | 2023-10-16 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

She said the Biden administration was committed to supporting Ukraine "for as long as it takes" and would fight to ensure a bipartisan majority in the U.S. Congress enacted "robust" and uninterrupted assistance for the war-torn country. Ukrainian Finance Minister Serhiy Marchenko told Reuters on Saturday that Ukraine is finding it harder to secure financial support. Yellen lauded the European Union's plans for a 50 billion euro Ukraine Facility to provide sustained economic and reconstruction support, saying that economic support should have maximum concessionality, meaning low or zero interest rates. WINDFALL PROCEEDS TO AID UKRAINETo ensure additional sources of revenue, Yellen reiterated that she supported "harnessing windfall proceeds from Russian sovereign assets immobilized in particular clearing houses and using the funds to support Ukraine." U.S.-EU collaboration was also crucial regarding economic ties with China, Yellen said, including targeted actions to safeguard national security interests such as restrictions on certain outbound investments in sensitive technologies.

Persons: Andrea Shalal LUXEMBOURG, Janet Yellen, Biden, Yellen, Jim Jordan, Donald Trump, Brussels's, Serhiy Marchenko, Andrea Shalal, Christina Fincher Organizations: . Treasury, Ukraine, U.S, Congress, Hamas, Sky News, Kyiv, Ohio, Republican, EU, Ukrainian, Reuters, UKRAINE Locations: United States, Europe, Ukraine, Israel, Gaza, America, Hungary, U.S, Russia, China, Washington

☆ Janet Yellen says she supports using proceeds from frozen Russian assets to fund more aid for Ukraine
▼ + stars: | 2023-10-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Treasury Secretary Janet Yellen backed a European proposal to access profits from frozen Russian funds. Yellen said she supported "harnessing windfall proceeds from Russian sovereign assets" for Ukraine. European countries froze more than $212 billion in Russian assets after Moscow invaded Ukraine. AdvertisementAdvertisementJanet Yellen backed European plans to tap proceeds stemming from frozen Russian assets to support Ukraine, the Financial Times reported. AdvertisementAdvertisementFor its part, Euroclear announced on Wednesday it would put the profits made from the frozen assets into a fund for Ukraine.

Persons: Janet Yellen, Yellen, —, Euroclear, Alexander De Croo Organizations: Service, Financial Times, Treasury, Euroclear, European Central Bank, Ukraine, Belgian Locations: Ukraine, Moscow, Morocco, Belgium, Russia

☆ Morning Bid: Oil soothes but jobs dictate
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +5 min

U.S. crude oil has recoiled almost 9% this week and prices have lost almost 14% peak-to-trough since last Thursday's high above $95 per barrel. The year-on-year oil price is now falling again and tracking losses of 5%. Copper prices fell to their lowest of the year on Thursday and core commodity indexes are back at August levels. All of which sees U.S. bond yields retain an uneasy calm into the jobs numbers. Implied rates from Fed futures markets pulled back the chances of another hike in the cycle to less than 50%.

Persons: Andrew Kelly, Mike Dolan, Mary Daly, Kevin McCarthy, Donald Trump, Jim Jordan, Janet Yellen's, Christopher Waller, Toby Chopra Organizations: REUTERS, ADP, San Francisco Fed, Treasury, St, International Monetary Fund, World Bank, Tesla, Exxon Mobil, Natural Resources, Federal Reserve, Challenger, Thomson, Reuters Locations: Manhattan , New York City, U.S, Morocco, Canada

☆ US Treasury launches US-China economic, financial working groups
▼ + stars: | 2023-09-22 | by ( David Lawder | ) www.reuters.com time to read: +2 min

WASHINGTON, Sept 22 (Reuters) - The U.S. Treasury Department on Friday said it was formally launching two new U.S.-China working groups on economic and financial issues aimed at providing a regular policy communications forum between the world's two largest economies. In a statement, the Treasury said the two groups would "meet on a regular cadence" and report to Yellen and Chinese Vice Premier He Lifeng. China's Ministry of Finance will be Treasury's counterpart for the Economic Working Group, while the People's Bank of China will be its counterpart for the Financial Working Group. China's Finance Ministry and central bank both issued statements confirming the establishment of the economic and financial working groups but gave few details beyond saying they were aimed at strengthening communication and collaboration on these issues. Establishment of the two working groups also follows Commerce Secretary Gina Raimondo's agreement with Chinese officials in August to establish a working group on U.S. export controls aimed at explaining U.S. policies.

Persons: Yellen, Gina Raimondo's, Donald Trump, David Lawder, Christina Fincher Organizations: U.S . Treasury Department, Treasury, China's Ministry, Finance, Economic, People's Bank of, Financial, China's Finance Ministry, State, Thomson Locations: China, China's, People's Bank of China, Beijing, U.S, Washington

☆ Former Dallas Fed President Robert Kaplan: Organic growth capability of the U.S. economy is limited
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President Robert Kaplan: Organic growth capability of the U.S. economy is limitedRobert Kaplan, former Dallas Fed president, joins 'Squawk on the Street' to discuss Janet Yellen's thoughts on the stability of the U.S. economy, if economic risks are to the upside or downside, and Kaplan's thoughts on the deficit.

Persons: Robert Kaplan, Janet Yellen's Organizations: Former Dallas Fed, Dallas Fed Locations: U.S

☆ The US should be able to avoid a recession this year. A government shutdown could change that.
▼ + stars: | 2023-09-18 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

There are positive signs that the US will avoid a recession. However, Janet Yellen warned about the economic impact of a government shutdown. But those good signs could be all for naught if the government can't avoid a shutdown. AdvertisementAdvertisementHowever, she did warn that if Congress can't avoid a government shutdown in the next two weeks, it could kill the economy's momentum. "It could have some impact," Yellen said when asked about the impact of a shutdown on the economy.

Persons: Janet Yellen, Yellen, We've, Kevin McCarthy, Andrew Caballero, Reynolds, Goldman Sachs, Goldman's, Jan Hatzius, Biden's Organizations: Service, US, Getty, House Republicans, Republican, CNBC Locations: Wall, Silicon

☆ 'Rich Dad Poor Dad' author Robert Kiyosaki slams Janet Yellen for trumpeting Bidenomics: 'What is she smoking?'
▼ + stars: | 2023-08-16 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

"Rich Dad Poor Dad" author Robert Kiyosaki took a jab at Janet Yellen for touting Bidenomics. Has she filled her gas tank lately?" The Treasury Secretary on Monday cheered Biden's Inflation Reduction Act for driving economic growth at a time when Americans are financially strapped. "Treasury Secretary Janet Yellin says the IRA Inflation Reduction Act is "turning point" in saving our planet, "what is she smoking?" Has she filled her gas tank lately?

Persons: Dad, Robert Kiyosaki, Janet Yellen, Yellen, Joe Biden's, Kiyosaki, Janet Yellin, rekindling, Kevin O'Leary Organizations: Service, Bidenomics, Reserve Locations: Wall, Silicon, Las Vegas , Nevada

☆ Inflation Reduction Act spurs $500 billion in investments — and much is going to underserved communities, Treasury says
▼ + stars: | 2023-08-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — The Treasury Department on Wednesday announced that billions of dollars slated for investments in clean energy, electric vehicles and batteries under the Inflation Reduction Act will go to relatively underserved communities throughout the country. The announcement comes as the IRA, the Biden administration's landmark law targeting manufacturing, infrastructure and climate change, turns one year old. The more than $500 billion in announced investments, $200 billion of which is in the clean energy sector, is a key goal of the legislation, according to the Treasury. A senior Treasury official told reporters on Wednesday that the agency is also seeing meaningful private investment in the efforts. He also contended it would benefit the Chinese Communist Party, as the U.S. relies on Chinese imports of key inputs for clean energy technology.

Persons: Sean Patrick Maloney, WASHINGTON —, Janet Yellen's, Harris administration's, Joe Biden's, Biden, Jason Smith, Smith Organizations: WASHINGTON, Treasury Department, Wednesday, Biden, Treasury, Chinese Communist Party Locations: Cold, , New York, U.S, China

☆ Yellen's Las Vegas stop shows Bidenomics can be a tough sell
▼ + stars: | 2023-08-15 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

REUTERS/Leah Millis/File Photo Acquire Licensing RightsLAS VEGAS, Aug 15 (Reuters) - Daemein Hargrove, 21, recently dropped plans for a four-year college degree to sign up for an apprenticeship program in Las Vegas that he says has given him higher pay, good medical benefits and a pension. But he's also shouldering gas costs of $500 a month as he commutes to a massive solar site 45 minutes outside of Las Vegas. Treasury Secretary Janet Yellen's visit Monday to the Las Vegas training center where Hargrove and nearly 700 other apprentices are being paid to work and learn new skills raises some questions about Biden's approach. Yellen's trip to Las Vegas won praise from union leaders, but drew scant public or local media attention. Casey Harrison, a political reporter at the Las Vegas Sun, said the coverage reflected a lack of demand but also inadequate preparation by the administration.

Persons: Janet Yellen, Leah Millis, Daemein Hargrove, Joe Biden's, Hargrove, They're, he's, He's, Biden, Republican Donald Trump, Janet Yellen's, Casey Harrison, Harrison, it's, we've, Gina Raimondo, Deb Haaland, Yellen, what's, Barack Obama's, Rachelle Warren, Warren, It's, Andrea Shalal, Heather Timmons, Alistair Bell Organizations: Treasury, Development Finance, Strategic, International Studies, REUTERS, LAS VEGAS, U.S, International Brotherhood of Electrical Workers, Republican, Democrats, Las Vegas, NBC, Las, Sun, U.S . Treasury, Reuters, Biden, Thomson Locations: Washington , U.S, Las Vegas, United States, Vegas, Nevada

☆ Treasury Secretary Janet Yellen accidentally ate hallucinogenic mushrooms in China
▼ + stars: | 2023-08-15 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Treasury Secretary Janet Yellen inadvertently consumed magic mushrooms during a visit to China. CNN previously reported that following Yellen's visit the mushroom dish was selling out at Yi Zuo Yi Wang other locations across China. Yi Zuo Yi Wang means In and Out in English, but the Chinese chain bears no connections to the California burger giant. Instead of animal style fries, Yi Zuo Yi Wang specializes in Yunnan food, according to CNN it is a popular cuisine in southwestern China. Yellen visited Yi Zuo Yi Wang as part of a group dinner during a visit that sought to rebuild relations between the world's two largest economies.

Persons: Janet Yellen, Yellen, CNN's Erin Burnett, Biden, Yi Zuo Yi Wang Organizations: Service, Biden Cabinet, CNN Locations: China, Wall, Silicon, California, Yunnan, Washington, Beijing

☆ Yellen warns of risks of over-concentration of clean energy supply chains
▼ + stars: | 2023-08-14 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

"As we move away from fossil fuels, we remain concerned about the risks of over-concentration in clean energy supply chains," she said in excerpts of the speech obtained by Reuters. "Today, the production of critical clean energy inputs – from batteries to solar panels to critical minerals – is concentrated in a handful of countries." "The IRA is helping re-shore some of the production that is critical to our clean energy economy," she said. "Accelerating these transitions can mean greater demand for U.S. clean energy technologies produced by American workers. It can also bolster global clean energy supply chains.”Yellen will speak at a training center operated by the International Brotherhood of Electrical Workers (IBEW) union.

Persons: Janet Yellen, Thomas Peter, laud, Yellen, Joe Biden, Biden, Andrea Shalal, Diane Craft Organizations: Treasury, U.S, REUTERS, Thomas, Thomas Peter Companies Ipsos, LAS, Reuters, International Energy Agency, Democratic, International Brotherhood of Electrical Workers, Thomson Locations: Beijing, China, United States, U.S, Las Vegas, Democratic Republic of Congo, Indonesia, Australia, Chile, Nevada

☆ Yellen to tout U.S. economy's resilience, jobs recovery in major speech
▼ + stars: | 2023-08-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, Aug 10 (Reuters) - U.S. Treasury Secretary Janet Yellen will highlight the U.S. economy's continuing resilience in a major speech in Las Vegas on Monday, touting the creation of 13 million new jobs and progress in driving down inflation, a Treasury official said. Yellen will speak at a training center operated by the International Brotherhood of Electrical Workers (IBEW) union after touring its cutting-edge clean energy training programs where workers learn how to install solar panels. The Treasury official said Yellen will say the U.S. economy is on the right track toward stable growth, while underscoring the need to remain vigilant on potential challenges. She will note that the resilience of the U.S. economy - which she hailed in a major speech last July - has lasted over the past year despite many naysayers, who warned it could not last, the official added. Yellen will argue that the IRA is making the U.S. less vulnerable to fossil fuel price shocks and strengthening clean energy supply chains, while creating good-paying jobs, the official said.

Persons: Janet Yellen, Yellen, Joe Biden, Biden, Andrea Shalal, Jonathan Oatis Organizations: . Treasury, Treasury, International Brotherhood of Electrical Workers, Reuters, U.S, Thomson Locations: Las Vegas, Nevada, U.S

☆ Biden order curbing investment to China expected next week-sources
▼ + stars: | 2023-08-04 | by ( Karen Freifeld | ) www.reuters.com time to read: +3 min

REUTERS/Jonathan Ernst/File PhotoAug 4 (Reuters) - President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter. The order is expected to target U.S. private equity, venture capital and joint venture investments in China in semiconductors, quantum computing and artificial intelligence. Most investments captured by the order will require that the government be notified about them. The regulations are not expected to take effect right away and the administration will solicit comment on its proposals, according to sources. Sources have told Reuters the investments that will be restricted are expected to track export control rules for China issued by the U.S. Department of Commerce in October.

Persons: Joe Biden, Jonathan Ernst, Cordell Hull, Janet Yellen's, Laura Black, Emily Kilcrease, Karen Freifeld, Anna Driver Organizations: Auburn Manufacturing, REUTERS, U.S . Commerce Department, U.S, Foreign Investment, Reuters, U.S . Department of Commerce, Thomson Locations: U.S, Auburn , Maine, China, Yellen, United States

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