Janet Yellen

Three red flags indicate the global economy is in even worse shape than expected, leaving Australia well and truly exposed.In recent weeks, there has been widespread panic about the US debt ceiling crisis, with the world’s biggest economy…

Experts are growing increasingly frantic amid fears America could default for the first time ever – which would send major shockwaves across the globe.The nation is running out of cash, and tense negotiations are currently underway in…

Treasury Secretary Janet Yellen updated her guidance Monday on when the United States could run out of money to pay the bills, warning congressional leaders that the nation could default as soon as June 1, the same date she…

People walk and ride bicycles past the US Capitol in Washington, DC, on May 11, 2023.Jim Watson | AFP | Getty ImagesWASHINGTON — The Congressional Budget Office on Friday said tax revenues and emergency measures after June 15 "will probably…

An inverted image of the U.S. Capitol is reflected in puddle on the East Front on Tuesday, May 9, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe White House and Republicans in…

A debt ceiling disaster is looming for America’s economy which could see the nation buckle into a default, plunging the country and the wider world into a financial calamity. New analysis shows if the US were to default, mortgage repayments…

As America lurches towards an unprecedented default, attention is turning to the “economic calamity” it would trigger across the globe.The nation is running out of cash – fast – and tense negotiations are currently underway in Congress…

Italy’s Finance Minister Giancarlo Giorgetti, right, talks with Governor of the Bank of Italy Ignazio Visco, second right, before the start of the G-7 Finance Ministers and Central Bank Governors’ Meeting at the Toki Messe convention…

Christian Lindner, German finance minister, told CNBC he hopes the U.S. will avoid adding further problems to the global economy.Johannes Simon | Getty Images News | Getty ImagesGerman Finance Minister Christian Lindner hopes American…

Political brinkmanship over raising the U.S. debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at Group of Seven finance talks in Japan. Hours…