Yellen will meet with Chinese Vice Premier Liu He in Switzerland to discuss the world economy, a short stop on her way to Africa for some soft diplomacy — and a hard sell on America's commitment to the continent.
to reset — and stabilize — the U.S. and China relationship, according to a Treasury official.
The meeting comes amid global economic uncertainty, with the World Bank sharply cutting its forecast for growth and financial markets on notice that the U.S. could default on its debt this spring.that the United States will be unable to pay its bills if Congress doesn't act by June 19.in U.S. debt, second only to Japan in foreign treasury holding, Beijing has been lowering its exposure for the last decade, dipping below $1 trillion in July.she will stay on as secretary of the Treasury.
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Treasury Secretary Janet Yellen tells Congress that US is projected to reach debt limit next weekThe U.S. is projected to reach its debt limit on Thursday and will then resort to 'extraordinary measures' to avoid default, Treasury Secretary Janet Yellen told Congress.
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Treasury Secretary Janet Yellen tells Congress that US is projected to reach debt limit next weekThe U.S. is projected to reach its debt limit on Thursday and will then resort to 'extraordinary measures' to avoid default, Treasury Secretary Janet Yellen told Congress.
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Treasury Secretary Janet Yellen tells Congress that US is projected to reach debt limit next weekThe U.S. is projected to reach its debt limit on Thursday and will then resort to 'extraordinary measures' to avoid default, Treasury Secretary Janet Yellen told Congress.
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