Patrick McHenry, chairman of the House Financial Services Committee, sent a letter to Treasury Secretary Janet Yellen, chair of the Financial Stability Oversight Council (FSOC), in which McHenry invited Yellen to reconsider the FSOC’s decision to shift the focus from activities to size.
U.S. Sen. Tim Scott (R-S.C.) believes the United States needs to take a stronger stance against China, not only to make the U.S. economy stronger, but to put it in a better position to outcompete China.
Treasury Secretary Janet Yellen said she believes that there is a chance to bring down inflation while maintaining a strong labor market, she said during an interview with CNBC, which she shared on social media.
The U.S. Securities and Exchange Commission's former chief counsel criticized the commission's lawsuits against against major crypto exchanges Binance and Coinbase, calling the suits "regulation-by-enforcement."
US Treasury Secretary Janet L. Yellen has sent a letter to Congressional leaders urging them to act swiftly to raise or suspend the debt limit, warning that the Treasury's ability to finance government operations may be exhausted by early June.
Deputy Secretary of the Treasury Wally Adeyemo led a roundtable discussion on April 27 with nearly 40 small climate businesses and nonprofit developers in the clean energy industry to discuss the Low-Income Communities Bonus Credit Program.
The Financial Stability Oversight Council (FSOC) issued a proposed analytic agenda for financial stability risks to give the public an idea of how it processes threats to financial stability.
The U.S. Treasury Department recently released the 2023 De-risking Strategy, which addresses the phenomenon of financial institutions choosing to end relationships with broad groups of customers instead of analyzing the individual risks associated with those customers, a news release said.
U.S. Rep. Patrick McHenry (R-NC), chair of the Fnancial Services Committee, gave opening remarks at the committee began markup of capital formation and Consumer Financial Protection Bureau (CFPB) reform legislation, according to a news release.