Congress should regulate stablecoins, Biden administration report says

Janet Yellen, US Treasury Secretary, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, September 28, 2021. Kevin Deitch | Bloomberg | Getty Images Stablecoins, a popular type of digital asset tied to traditional currencies, could change the way Americans pay for everything from cell phones and … Read more

Treasury Secretary Yellen says spending bills will be anti-inflationary, lowering important costs

Treasury Secretary Janet Yellen emphasized Friday that the administration’s infrastructure spending proposal would lower inflation by cutting many vital costs to households. Speaking to CNBC from Rome where she is attending the G-20 conference of world leaders, Yellen renewed her push for White House spending plans that are unpopular with many congressional factions and have … Read more