Articles written by Fatima Hussein
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Treasury to increase borrowing amid debt ceiling standoff
WASHINGTON (AP) — The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.4 trillion limit on its legal borrowing authority. The U.S....
Door of No Return: Yellen visits onetime slave-trading post
GOREE ISLAND, Senegal (AP) — U.S. Treasury Secretary Janet Yellen paid a solemn visit Saturday to the salmon-colored house on an island off Senegal that is one of the most recognized symbols of the horrors of the Atlantic slave trade that trapped...
The AP Interview: Yellen says debt standoff risks 'calamity'
DAKAR, Senegal (AP) — 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...
FTX founder charged in scheme to defraud crypto investors
NEW YORK (AP) — The U.S. government charged Samuel Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes on Tuesday, alleging he intentionally deceived customers and investors to enrich himself...
On the money: Yellen's next milestone is name on US currency
FORT WORTH, Texas (AP) — Faith in the U.S. dollar has often hinged in part on what Treasury Secretary Janet Yellen says. On Thursday, the focus will be on what she writes, as the government churns out its first currency bearing her signature. Yelle...
EU edges closer to $60-per-barrel Russian oil price cap
BRUSSELS (AP) — The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil — a highly anticipated and complex political and economic maneuver designed to keep Russia's supplies flowing into global markets while clam...
G-7 joins EU on $60-per-barrel price cap on Russian oil
WASHINGTON (AP) — The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and...
Roland Mesnier, pastry chef for five presidents, dies at 78
WASHINGTON (AP) — Roland Mesnier, who created often-magical desserts for five presidents and their guests as White House executive pastry chef, has died at age 78. His death was confirmed Saturday by the White House Historical Association, which...
Expanded IRS free-file system one step closer in Dems' bill
WASHINGTON (AP) — The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system. It's...
Expanded IRS free-file system one step closer in Dems' bill
WASHINGTON (AP) — The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system. It's...
Biden to name 1st Native American US treasurer to head Mint
WASHINGTON (AP) — A Native American is being appointed U.S. treasurer, a historic first. The White House on Tuesday announced President Joe Biden's intent to appoint Marilynn "Lynn" Malerba as his administration establishes an Office of Tribal and...
Biden showcases deficit progress in bid to counter critics
WASHINGTON (AP) — President Joe Biden on Wednesday highlighted new figures showing the government's red ink will grow less than expected this year and the national debt will shrink this quarter as he tried to counter criticism of his economic leade...
Biden signs order on cryptocurrency as its use explodes
WASHINGTON (AP) — President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency. Treasury...
