Yellen sanctions La Nueva Familia Michoacana cartel, issues new bank guidance

Yellen sanctions La Nueva Familia Michoacana cartel, issues new bank guidance

(NewsNation) — U.S. Treasury Secretary Janet Yellen announced Thursday new sanctions against members of a Mexican drug cartel accused of trafficking fentanyl, cocaine, meth and migrants through the U.S.-Mexico border. Included in the sanctions are eight members of the La Nueva Familia Michoacana drug cartel, a notoriously violent group that wars for territorial control with a … Read more

Janet Yellen sees ‘more work to do’ as China talks end with no breakthrough

Janet Yellen sees ‘more work to do’ as China talks end with no breakthrough

Four days of top-level economic meetings between the United States and China concluded in Beijing on Monday with no major breakthrough, but the world’s two largest economies agreed to hold more discussions to address rising friction over trade, investment and national security. The conversation is poised to become even more difficult, however, as hopes of … Read more

Moves to unlock value of frozen Russian assets ‘necessary and urgent’: Janet Yellen

Moves to unlock value of frozen Russian assets ‘necessary and urgent’: Janet Yellen

U.S. Treasury Secretary Janet Yellen on Tuesday underscored the urgency of moving forward together with Western allies to unlock the value of frozen Russian sovereign assets to help Ukraine, but said the U.S. had no “preferred strategy” for how to do so. Yellen, speaking at a news conference ahead of meetings with her G7 and … Read more