The Century Foundation

Oppenheimer and Poor Things to battle for major film awards

The story of the invention of the atomic bomb told in the new film "Oppenheimer" is a "warning" to the world as we grapple with artificial intelligence, insists the movie's director Christopher Nolan.

US banks may become more circumspect in granting loans following recent turmoil in the sector, the country's treasury secretary said in an interview to air Sunday, while still predicting "moderate" GDP growth.    

The financial sector was rocked last month by the dramatic collapse of Californian lender Silicon Valley Bank (SVB).    

"The US banking system remains stable and Americans can feel confident that their deposits will be available when they are needed, thanks to the 'decisive and strong' action taken after Silicon Valley Bank's (SVB) failure to deal with the outflow of deposits at its end last week," Treasury Secretary Janet Yellen told the Senate Finance Committee, Reuters reported.

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.

The United States faces "a risk" of recession as its battle against inflation could slow the nation's economy, but a serious downturn can still be avoided, Treasury Secretary Janet Yellen has said.

The U.S. Senate on Jan. 25 voted by a wide margin to confirm Janet Yellen as the first woman to lead the Treasury Department, giving her a key role in Congress negotiations over a huge COVID-19 economic relief package.

A Turkish-American with extensive experience in finance policy has been chosen as the Treasury Department chief of staff under incoming President Joe Biden, Bloomberg News reported.

Didem Nişancı, currently global head of public policy for Bloomberg LP, will be chief of staff for incoming Treasury Secretary Janet Yellen, a key position, Bloomberg said late on Jan. 11.