Free Republic

Shortly after the new Congress was seated, Congressman James Comer, Chairman of the House Oversight and Accountability Committee, wrote to Treasury Secretary Janet Yellen with a records request. He wanted his committee to review any “suspicious activity reports” the Treasury might have related to Hunter Biden’s financial transactions over the years. This was meant to be part of the “Biden Incorporated” investigations that recently began. Yesterday, the Treasury’s Legislative Affairs chief, Jonathan Davidson, responded to Comer, telling him to basically go pound sand. His letter wasn’t quite that blunt, but he declined to provide any records, saying that the Treasury...

The Treasury Department has denied a House Republican request for information on Biden family suspicious financial transactions.Earlier this month Representative James Comer (R-Ky.), the chair of the House Oversight and Accountability Committee, had requested reports on activity by the Biden family that was deemed as suspicious. The letter, which was sent to Treasury Secretary Janet Yellen on January 11th, was rebuked on Wednesday. The Treasury Department’s reasoning was that it needed more information from the committee and the reason behind its request, and what it plans to do with the information...

It’s worth taking a glance at the numerous figures, especially Democrats, who buddied up to the former crypto tycoon over the years. ... Not that long ago, Sam Bankman-Fried was on top of the world. Sporting a net worth of approximately $15.6 billion, Bankman-Fried was the CEO of FTX, a cryptocurrency exchange platform launched in 2019 that had accumulated more than a million consumers by 2022. At 30 years old, he was extremely successful — that is, until last week when he was exposed as a con artist. After a Nov. 2 article from the digital currency news site Coindesk...

America’s largest home lender harnessed a generation of low rates to refinance millions of mortgages. Its effort to switch focus is a challenge. The mortgage industry turned from feast to famine faster than America’s largest home lender anticipated. Rocket Mortgage harnessed a generation of low rates to refinance millions of homeowners. Last year, it racked up more than double the refi volume of any other lender, accounting for more than $1 of every $10 lent out during a boom for the mortgage industry. Now the Federal Reserve’s efforts to fight inflation have sent mortgage rates soaring. And refinancing, the driver...

Pennsylvania Lt. Gov. John Fetterman (D) says he “certainly would have voted” for President Joe Biden’s Inflation Reduction Act set to squeeze $20 billion from working and middle class households with new Internal Revenue Service (IRS) audits. Fetterman, running against Republican Mehmet Oz for the state’s open United States Senate race, made the remark during a panel discussion with Sen. Amy Klobuchar (D-MN) while on the campaign trail last week. “I certainly would have voted for the Inflation Reduction Act,” Fetterman said. Despite Biden’s claims, the Inflation Reduction Act does not include any provisions requiring the IRS to avoid targeting...

White House officials are weighing the possible departure of Treasury Secretary Janet Yellen after the November elections as part of a Cabinet shake-up, according to a report. The decision is not final and is expected to hinge on the outcome of the midterm elections, sources familiar with the matter told Axios. Yellen’s successor will need to be confirmed by the Senate, posing a challenge if the Republican Party takes control of the upper chamber. Officials are also considering whether Brian Deese, the director of the National Economic Council, could leave in the new year, according to the outlet. Deese, speaking...

US Treasury Secretary Janet Yellen invented the global corporate minimum tax to fill the US coffers. Something similar is needed for the European Union. The Covid pandemic, the energy crisis and Russia’s war in Ukraine have all had a negative impact on finances. The Organisation for Economic Co-operation and Development (OECD) has developed the proposal, which is backed by more than 130 Member States. The support is so high because everyone would like to see multinationals taxed where the profits are made, rather than in tax havens. The global corporate minimum tax only applies to large global companies. Giant global...

Treasury Secretary Janet Yellen on Thursday admitted that Joe Biden’s ‘Inflation Reduction Act’ is actually the Green New Deal repackaged. Yellen said Biden’s Marxist spending bill will “rid ourselves” of oil and gas. “The Inflation Reduction Act will put us on our way toward a future where we depend on the wind, the sun and other clean sources of energy. We will rid ourselves from our dependence on fossil fuels,” Yellen said. VIDEO: Treasury Sec. Janet Yellen: “The Inflation Reduction Act will put us on our way toward a future where we depend on the wind, the sun and other...

Treasury Secretary Janet Yellen on Thursday admitted that Joe Biden’s ‘Inflation Reduction Act’ is actually the Green New Deal repackaged. Yellen said Biden’s Marxist spending bill will “rid ourselves” of oil and gas. "The Inflation Reduction Act will put us on our way toward a future where we depend on the wind, the sun and other clean sources of energy. We will rid ourselves from our dependence on fossil fuels,” Yellen said. VIDEO:

We’re doomed. Let’s call it what it is – a bribe to the youngest demographic of voters and a sop to black and brown voters. Joe Biden’s decision to cancel student loan debt was bone-headed at best, cynical at worst. To make a bad decision even worse – Treasury Secretary Janet Yellen and Jill Biden ( that’s Dr. Jill to you) advised the dazed and confused president not to do it. Instead of listening to a couple of people who might actually know a little something about the subject, Joe Biden decided to listen to Kamala Harris. That’s right. Biden...

Thursday's GDP numbers indicated a decline of 0.9 percent, pointing to a recession, considering the economy also declined by 1.6 percent last quarter. President Joe Biden and many others in his administration have denied we're even in a recession and have instead pointed to a different, more vague definition based on data from the National Bureau of Economic Research (NBER). Chief among the recession-deniers includes Treasury Secretary Janet Yellen, who gave remarks on Thursday. TUNE IN: @SecYellen hosts a press conference to discuss America’s recovery over the last 18 months from the depths of the pandemic, and the resilience of...

Treasury Secretary Janet Yellen conceded that the economy is 'slowing down' on Friday amid fears of a looming financial downturn - but denied the country was in the midst of a recession. She also defended the slowdown as 'necessary' in the longterm health of the economy. The senior Biden official was asked on NBC News' Meet The Press whether Americans should be 'preparing' for a recession.

WASHINGTON (AP) — President Joe Biden is promising “strong executive action” to combat climate change, despite dual setbacks in recent weeks that have restricted his ability to regulate carbon emissions and boost clean energy such as wind and solar power. The Supreme Court last month limited how the nation’s main anti-air pollution law can be used to reduce carbon dioxide emissions from power plants. Then late Thursday, Sen. Joe Manchin, D-W.Va., said he wants to delay sweeping environmental legislation that Democrats have pushed as central to achieving Biden’s ambitious climate goals. Some advocates urged Biden to use the moment to...

NUSA DUA, Indonesia (Reuters) -The United States will look for every opportunity to move ahead and enact a global minimum corporate tax agreement despite the opposition of a key Democratic senator, Joe Manchin, to raising corporate taxes, U.S. Treasury Secretary Janet Yellen said. Yellen told reporters on Saturday that finance officials from the Group of 20 major economies reached strong consensus about many issues, including the need to address a worsening food security crisis, despite differences over Russia's war in Ukraine that prevented the leaders from issuing a joint statement. Manchin, who holds the pivotal vote in the evenly divided...

This past week Secretary of the Treasury Janet Yellen made the surprising admission that she was wrong about inflation. However, days later the Saturday Politico Playbook put a not very subtle shift in blame by headlining that "Yellen admits Biden got inflation wrong."In addition to shifting inflation blame to Biden and away from Yellen, Politico went even further by portraying Yellen as a sort of secret inflation fighter within the administration. The problem with that spin that contradicts Yellen's own admission is that it relies on a Saturday Bloomberg article about a soon to be released Yellen biography that proclaimed...

With Joe Biden's polling numbers in the tank and runaway inflation the number one issue on voters' minds, in steps Biden's Treasury Secretary, and former Chair of the Federal Reserve, to take one for the team.Washington (CNN) US Treasury Secretary Janet Yellen admitted Tuesday that she failed to anticipate how long high inflation would continue to plague American consumers as the Biden administration works to contain a mounting political liability."I think I was wrong then about the path that inflation would take," Yellen told CNN's Wolf Blitzer on "The Situation Room" when asked about her comments from 2021 that inflation...

VIDEOSo Janet Yellen finally admits that she was WRONG about inflation being merely "transitory" because she didn't understand what was going to happen. The big question is WHY Janet Yellen remains as Secretary of the Treasury. After her humiliating admission, WHY hasn't she resigned? Sleepy Joe won't fire her because he never admits he was wrong since he too was hyping that inflation was merely "transitory."Anyone with even a brief familiarity with an Economics 101 textbook would immediately understand that when you vastly increase the money supply in order to pay for yuuuuuuuge multi-trillion dollar government programs, it would result...

Senate Republicans and Democrats are rebuking claims from President Joe Biden and Treasury Department Secretary Janet Yellen that United States tariffs on Chinese imports have helped spur record inflation for American consumers. Sens. Rob Portman (R-OH), Sherrod Brown (R-OH), Mitt Romney (R-UT), Kevin Cramer (R-ND), Mike Braun (R-IN), Robert Casey (D-PA), Rick Scott (R-FL), James Inhofe (R-OK), and Elizabeth Warren (D-MA) have written a letter to Biden urging him to keep in place U.S. tariffs on billions of dollars worth of China-made products.

Life should never be reduced to economics.Yet, in the wake of the leaked Supreme Court draft opinion that could overturn Roe v. Wade, abortion supporters have resorted to shocking claims that limiting abortions will hurt the economy.During a Senate Banking Committee hearing on May 10, Sen. Bob Menendez, D-N.J., asked Treasury Secretary Janet Yellen about the “real-world economic consequences” for American women if the Supreme Court overturns Roe v. Wade. Yellen said this “would have very damaging effects on the economy and would set women back decades.”She went on to argue that “abortion helped lead to increased labor force participation....

Democrats are insane. We know this, they can’t hide it. They’re also evil. They used to hide this, but can’t or won’t anymore. Whatever the case, the curtain has been pulled back. But unlike the Wizard in the Wizard of Oz, Democrats aren’t even bothering to try to close the curtain, they’re quite proud of it. Good for them, I guess, but better for the rest of us – we can see these people for who and what they are. It ain’t pretty. The Treasury Secretary, former chair of the Federal Reserve (and someone I assume identifies as a woman,...