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Janet Yellen warns 'extraordinary measures' needed to avoid default in January

Janet Yellen warns ‘extraordin measures’ needed to avoid default in Janu

December 28, 2024

From a gilded perch, Trump tries to retain the common touch
WASHINGTON — Back in Donald Trump’s first term, his staff decided they’d tuck into his briefing book a few letters from ordin Americans who’d written to the White House. Only certain letters made the cut, though. Aides made a point of sending Trump the flattering mail while holding back the letters panning his work, a…
China, ASEAN, GCC countries to hold inaugural joint summit
Chinese Premier Li Qiang holds talks with Indonesian President Prabowo Subianto at Merdeka Palace in Jakarta, Indonesia, May 25, 2025. Photo: Xinhua Chinese Premier Li Qiang is paying an official visit to Indonesia from Saturday to Monday at the invitation of Indonesian President Prabowo Subianto, and will attend the ASEAN (the Association of Southeast Asian…
Trey McBride glad that he and rge Kittle are helping tight end contracts grow
In early April, Arizona’s Trey McBride signed a four-year, $76 million contract that made him the first tight end in NFL history to sign a deal averaging $19 million a year. In late April, 49ers tight end rge Kittle signed a contract that averaged $19.1 million a year — thanks to an inflated final year…
US-EU trade tensions ‘to heighten economic uncertainty’ as EU trade commissioner urges ‘respect not threats’ from US
A trader works on the floor of the New York Stock Exchange in New York, the United States, on Feb. 3, 2025. U.S. stocks ended lower on Monday, as investors reacted to the Donald Trump administration’s planned tariff rollout. The Dow Jones Industrial Average fell 122.75 points, or 0.28 percent, to 44,421.91. The S&P 500…
Xi’s reply letter to founder of Danish Chamber of Commerce in China inspires renewed commitment to deeper engagement with Chinese market
Editor’s Note: Chinese people believe that letters are as valuable as gold. For thousands of years, letters, across mountains and oceans, have been delivering the writers’ sentiments and conveying friendship and expectations. Xi Jinping, general secret of the Communist Party of China (CPC) Central Committee and Chinese president, has managed to find time to reply…
PSG wins champions league, celebrations turn violent in Paris
Paris Saint-Germain (PSG) has achieved a significant milestone, defeating Inter Milan to claim their first-ever Champions League title. However, what began as jubilant celebrations across the French capital quickly devolved into widespread unrest and vandalism. In a commanding performance during the Champions League final, PSG secured a decisive 5-0 victory over Inter Milan. The team…
Poles vote in pivotal presidential election
WARSAW, Poland — Poles began voting Sunday in a decisive presidential runoff that could set the course for the nation’s political future and its relations with the European Union. The contest pits Warsaw Mayor Rafał Trzaskowski, a liberal pro-EU figure, against Karol Nawrocki, a conservative historian backed by the right-wing Law and Justice party. The…
Fishing boat capsizes near Port Qasim, One Missing
A fishing boat overturned near the Port Qasim channel due to strong winds. This unfortunate incident has resulted in one fisherman going missing, while four others have been safely rescued. The boat was carrying a total of five fishermen when it capsized. Rescue teams, working alongside local fishermen, managed to save four individuals from the…
Saba Qamar joins UNICEF in fight against child marriage
UNICEF has started an important campaign in Pakistan to tackle child marriage. The main goal is to raise awareness about the rights of children, especially young girls, in society. It’s a serious effort to protect their future. Actress Saba Qamar, a UNICEF National Ambassador, features in an emotional video message for the campaign. She strongly…