U.S. Treasury

The United States is "carefully" monitoring China's challenges, U.S. Treasury Secretary Janet Yellen said on Sept. 8, as the slowdown in the world's second largest economy raises concerns for global growth.

Brazil, Russia, India, China, and South Africa as presiding country, are convening to consider membership requests from 22 countries, including Egypt, the United Arab Emirates, Argentina, Saudi Arabia, and Iran.

Treasury and Finance Minister Mehmet Şimşek is expected to meet with U.S. Treasury Secretary Janet Yellen this week on the sidelines of the G20 finance ministers' summit in India.

Şimşek will be accompanied by Central Bank Governor Hafize Gaye Erkan.

U.S. Treasury Secretary Janet Yellen has said that her talks with top Chinese officials have helped put ties on "surer footing," as she wrapped up a trip aimed at stabilizing fraught relations between the two biggest economies.

U.S. Treasury Secretary Janet Yellen said in an interview that aired on June 28 she hopes to travel to China to "reestablish contact" with Beijing despite differences between the two countries.

U.S. Treasury Secretary Janet Yellen has warned that unless Congress acts soon to raise the nation's debt ceiling, "financial and economic chaos would ensue."    

Republicans have been pressing President Joe Biden to strike a deal to provide spending cuts in exchange for lifting the national borrowing limit.    

U.S. central bankers face an unenviable task when they gather in Washington this week: Tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.

The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the economy without tipping it into a recession.

U.S. Treasury Secretary Janet Yellen said in an Associated Press interview Saturday she expects Congress will ultimately vote to raise America's debt limit, but demands by House Republicans for spending cuts in return for backing an increase are "a very irresponsible thing to do" and risk creating a "self-imposed calamity" for the global economy.

Capping the price of Russian oil, an approach G7 members said Friday they want to pursue "urgently," would be an unprecedented move and one which some analysts say could backfire.        

Businesses in Türkiye should not be concerned by the threat of sanctions, Treasury and Finance Minister Nureddin Nebati said on Aug. 26.