The financial leaders of the Group of Seven wealthy nations meet in Japan beginning Thursday as a standoff over the U.S. debt ceiling and potential default looms as one of the biggest potential threats to the global economy, along with the war in Ukraine.
U.S. Treasury Secretary Janet Yellen said one of her priorities in Niigata, a port city on the Japan Sea coast, is to emphasize the importance of resolving the standoff over the national debt in the world's largest economy.
The finance ministers and central bank governors are meeting for three days ahead of a G7 summit later this month in Hiroshima. Their talks late Thursday were due to center on efforts to support Ukraine and pressure Russia to end the war. Barring that, Biden said it was "possible but not likely" that he would need to postpone a trip to Japan, Australia and Papua New Guinea later this month.
"We are taking a broad range of individual and joint actions to bring down inflation, sustain growth, and help mitigate the impact of external shocks, including to developing countries," she said. The Fed surveyed 65 U.S. banks and U.S. branches of 19 foreign banks in late March and early April, well after Silicon Valley Bank and Signature Bank collapsed in early March, touching off the latest round of bank turmoil. First Republic Bank failed earlier this month in the second-largest bank failure in U.S. history.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Yellen warns U.S. default would threaten global economy, undermine its leadershipThe U.S. Treasury Secretary urged Congress on Thursday to raise the $31.4-trillion federal debt limit and avert an unprecedented default
Lire la suite »
U.S. jobless claims rise to seven month high as labor market slows(Kitco News) - The U.S. labor market is starting to lose momentum as more workers than expected apply for first-time unemployment benefits.
Lire la suite »
Gridlock, taxes and the Maple Leafs: Seven takeaways from the first debate of the mayoral byelectionFive candidates faced off Wednesday night in the first debate to feature high-profile challengers in Toronto’s hotly contested mayoral election. Seven takeaways from the first debate of the mayoral byelection.
Lire la suite »
Seven-day impound for driving 155km/h in fire zoneDue to the fire, the high volume of fire support traffic in the area and work being done by fire crews, the speed limit in the area had been decreased from 100km/hr to 50km/hr.
Lire la suite »
SIMMONS: Seven years later, Joseph Woll has become an overnight sensation for the Maple LeafsFrom simmonssteve: Maple Leafs goaltender Joseph Woll has become an overnight sensation after winning Game 4. It only took him seven years to get here.
Lire la suite »
SIMMONS: Seven years later, Joseph Woll has become an overnight sensation for the Maple LeafsJoseph Woll made his first Stanley Cup start with so much to lose and so little to gain and he came through masterfully against the Panthers. From simmonssteve: Seven years later, Joseph Woll has become an overnight sensation for the Maple Leafs
Lire la suite »