Yellen said, “G20 has been effective, especially under India’s leadership. Our goals for the G20 have coincided with those of India. We have tackled very important challenges and we have had considerable success in changing way the entire multilateral development system.&rdquo
"I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1. And I will continue to update Congress, but I certainly haven't changed my assessment. So I think that that's a hard deadline," Yellen said on Sunday (
The comments from Yellen provided further evidence that Biden officials are starting to warm up to the idea of bank mergers despite concerns from progressives and the administration's own scrutiny of corporate concentration.
"And the reforms that have been put in place mean that we're not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs," she added.
Washington [US], October 12 (ANI): Janet Yellen, US Treasury Secretary is set to visit India in November -- which will be her first in the current role.
Washington [US], October 12 (ANI): Union Finance Minister Nirmala Sitharaman met US Treasury Secretary Janet Yellen in Washington DC on Tuesday and discussed the global macroeconomic situation and various issues of significance with a view towards India's upcoming G20 Presidency.