Seizing Russian Assets to Help Ukraine Sets Off White House Debate Some European officials want to use more than $300 billion in Russian central bank assets to rebuild Ukraine. But Biden administration officials warn that diverting those funds could be illegal.
U.S. Will Start Blocking Russia’s Bond Payments to American Investors The Biden administration’s escalation of sanctions could lead to Russia’s first default on foreign debt in a century.
Yellen Calls on Europe to Boost Ukraine Aid The Treasury secretary warned that Ukraine did not have enough funding to sustain its government and fend off Russia.
Treasury Secretary Yellen Looks to Get Global Tax Deal Back on Track The Treasury secretary is traveling to Warsaw, Brussels and Bonn, Germany, this week at an uncertain time for the global economy.
How Do Higher Interest Rates Bring Down Inflation? Our columnist is responding to readers’ questions. This week, he focuses on inflation, with the help of a bond maven and a Nobel laureate.