Janet Yellen warns of 'enormous' economic repercussions from war in Ukraine
CNN
US Treasury Secretary Janet Yellen warned Wednesday about the economic shockwaves set off by the war in Ukraine, including disruptions to the flow of food and energy.
"Russia's actions represent an unacceptable affront to the rules-based, global order, and will have enormous economic repercussions in Ukraine and beyond," Yellen said in prepared remarks ahead of her annual testimony before the House Financial Services Committee.
The war -- and the political response of the West, led by sanctions -- has already sent food and energy prices soaring and has raised concerns about an economic slowdown or even recession during a time of already rampant inflation around the world. In the United States, inflation is at a level not seen in 40 years.
It’s looking like the Department of Homeland Security shutdown could soon be over. The two sides seem to have made serious progress, and President Donald Trump hasn’t rejected anything, even if he’s a little sour. But it’s likely the resolution will disappoint many Democrats.
California Gov. Gavin Newsom said that he regretted using the word “apartheid” to describe the Israeli government’s treatment of Palestinians, though he warned “that’s a word you may hear others use” if Prime Minister Benjamin Netanyahu pushes for territorial gains.
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Oklahoma’s governor picks energy executive Alan Armstrong to fill US Senate seat through end of year
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Newly confirmed Homeland Security Secretary Markwayne Mullin told senators during his confirmation hearing that he wanted to keep the department out of the headlines. That won’t be easy.
A trader made nearly $1 million since 2024 from dozens of well-timed Polymarket bets that correctly predicted US and Israeli military actions against Iran, according to an analysis shared with CNN.
Travelers have been dealing with worsening airport wait times as ICE agents deploy to more than a dozen airports. Follow for live news updates.
President Donald Trump voted in Tuesday’s state House special election by mail even as he suggested on Monday that “mail-in voting means mail-in cheating.”
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The Supreme Court on Tuesday will consider the legality of a policy championed by President Donald Trump during his first term that prevented scores of migrants arriving at the southern border from starting the process of applying for asylum.
A young, well-liked facilities manager at the Kennedy Center has gone from being described as “in charge of HVAC and toilets” to head of the renowned arts institution.
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The Supreme Court on Monday appeared ready to limit mail-in ballots, a move that would reinforce the justices’ pattern of shrinking voter protections and that has, at bottom, favored Republican interests and the Trump administration.