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Tag: Janet Yellen

Treasury takes “extraordinary measures” as U.S. hits debt ceiling
Politics

Treasury takes “extraordinary measures” as U.S. hits debt ceiling

Treasury takes "extraordinary measures" as U.S. hits debt ceiling - CBS News Watch CBS News The U.S. officially reached the debt limit on Thursday, and the Treasury Department says it has begun taking "extraordinary measures" to maintain the full faith and credit of the United States. It sets up a showdown that could put the entire U.S. economy at risk. Scott MacFarlane has more. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
G-7 and European Union impose $60-per-barrel price cap on Russian oil
Politics

G-7 and European Union impose $60-per-barrel price cap on Russian oil

The Group of Seven nations and Australia agreed Friday to adopt a $60-per-barrel price cap on Russian oil, acting shortly after the European Union reached unanimous agreement on the same price earlier in the day.After a last-minute flurry of negotiations, the EU presidency, held by the Czech Republic, tweeted that "ambassadors have just reached an agreement on price cap for Russian seaborne #oil." Europe needed to set the discounted price that other nations will pay by Monday, when an EU embargo on Russian oil shipped by sea and a ban on insurance for those supplies take effect. U.S. Treasury Secretary Janet Yellen said in a statement that the agreement will help nations participating in the plan achieve the goal of restricting Putin's "primar...