Andrew Duehren
Moneyish
Cambridge, MA, United States
Contact Andrew
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Past articles by Andrew:
Yellen says Japan and EU could get in on $7,500 EV tax credit through new trade deals
To qualify for the full $7,500 tax credit, among other requirements, 40% of the value of the minerals in an electric vehicle’s battery must come from a... → Read More
US Treasury to raise red flags over crypto risks as key reports near
The Treasury Department will make clear that it believes cryptocurrencies present stark risks to consumers if they aren’t subject to appropriate regulation → Read More
Yellen Calls for Trade Overhaul to Diversify From China
Treasury Secretary Janet Yellen called for a reorientation of the world’s trading practices during a speech in South Korea. → Read More
Yellen Rebukes Russian Officials Over Ukraine Invasion
The U.S. treasury secretary’s comments came at the start of a gathering of finance ministers of G-20 global economies focused on inflation and food insecurity. → Read More
Joe Manchin Won’t Support Climate, Tax Measures in Economic Package
The West Virginia senator is key vote as Democrats try to advance their economic agenda. → Read More
Yellen Pitches Russian-Oil Price Cap to Chinese Counterpart
The U.S. Treasury secretary discussed with China’s vice premier the possibility of placing a cap on the price of Russian oil, in one of the first signs of American efforts to pitch China on a plan to limit Russia’s revenue from oil sales. → Read More
Janet Yellen Begins Asia Trip to Win Support for Cap on Russian Oil Price
Treasury Secretary Janet Yellen is on an international lobbying blitz for a proposal she says will stave off a global recession, but faces technical and diplomatic challenges can be overcome. → Read More
U.S. Gains in Push for Exception to EU Sanctions on Russian Oil
Treasury Secretary Janet Yellen is seeking to create a cap on the sales price of Russian oil and to allow its continued sale on global markets. → Read More
Biden Expected to Call for Temporary Federal Gasoline Tax Suspension
Lawmakers of both parties have expressed resistance, with some Democrats worrying that oil companies might pocket much of the savings. → Read More
Biden to Appoint First Native American Treasurer
The Treasury Department will also create a new Office of Tribal and Native affairs, to be headed by the new appointee, Lynn Malerba. → Read More
Treasury to Extend Sanctions Carve-Out for Russian Energy Payments
The sanctions exemption, which had been set to expire on June 24, will remain in place until Dec. 5, when the European Union’s ban on imports of Russian oil is set to go into place. → Read More
U.S. Scrutinizing Swiss Currency Practices
The Treasury Department also reported progress in talks with Vietnam and Taiwan over their foreign-exchange policies. → Read More
Yellen Sees High Gasoline Prices Persisting
The Treasury secretary said Americans are right to be upset about inflation but said there is ‘nothing to suggest that a recession is in the works,’ citing underlying strengths in U.S. economy. → Read More
U.S., European Allies Try to Restrain Global Oil Prices
Treasury Secretary Janet Yellen said this week that the U.S. was involved in “extremely active” talks with European allies about efforts to form a buyers’ cartel and set a cap on the price of Russian oil. → Read More
Treasury Moves to Block U.S. Investors From Buying Russian Debt
The U.S. Treasury moved to block U.S. investors from making purchases of Russian debt in secondary markets, an apparent expansion from existing policy that only prohibited purchases of newly issued Russian government debt and some Russian corporate debts. → Read More
Janet Yellen Faces Lawmakers as Biden Officials Grapple With Inflation
The Treasury secretary will appear in front of lawmakers this week as she and the Biden administration face scrutiny over high inflation and how they have addressed it. → Read More
Yellen Says She Never Urged Smaller Rescue Package Over Inflation Concerns
Treasury Secretary Janet Yellen denied that she had tried to cut the size of the $1.9 trillion relief plan Democrats approved in 2021. → Read More
Social Security Reserves Expected to Be Depleted in 2035, Year Later Than Prior Projection
Economic growth bolstered the trust fund, pushing out date for when benefits could be diminished. → Read More
Democrats See Progress With Manchin in Last-Ditch Talks on Biden Economic Agenda
While negotiations could still fall apart, Senate Majority Leader Chuck Schumer has been discussing a package with the centrist West Virginian that could raise roughly $1 trillion in revenue and spend about $500 billion. → Read More
Treasury to Block U.S. Investors From Receiving Russian Debt Payments
The move to cut off Russia’s ability to make payments on its dollar-denominated sovereign debt will likely put it on a path towards defaulting on its foreign debts this summer. → Read More