Christopher Condon
Bloomberg
Washington, DC, United States
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Past articles by Christopher:
US Treasury Warns Chinese Companies on Tech Supplies to Russia
The US won’t be afraid to sanction Chinese companies that support Russia’s invasion of Ukraine, Deputy Treasury Secretary Wally Adeyemo said, as officials look to sever President Vladimir Putin’s financial lifeline with the conflict heading into its second year. → Read More
Janet Yellen Sees Recession Risk Even With Improving Inflation, Jobs
Treasury Secretary Janet Yellen said she’s encouraged by recent US data on inflation and jobs but conceded the economy is at risk of recession amid high interest rates. → Read More
Yellen Faces Tough Act to Follow as Russia, China Embrace Africa
Just before US Treasury Secretary Janet Yellen will visit South Africa as part of a renewed focus on the continent, she got a stark example of the challenges Washington faces in countering influence by its main global rivals Russia and China. → Read More
Yellen Says China May Be Prepared to Join Zambia Debt Deal
US Treasury Secretary Janet Yellen again expressed cautious optimism that China will be willing to enter into a multilateral debt restructuring deal with Zambia. → Read More
Yellen Sees Success in Extending Russia Price Cap, Despite Risks
US Treasury Secretary Janet Yellen expressed confidence that restrictions on Russian sales of crude oil can be expanded to refined petroleum products in February, while acknowledging that the task will be more complicated. → Read More
A Standoff Is Coming in 2023 — and It’s Over the National Debt
President Joe Biden is headed toward a standoff over the national debt next year, when Republicans newly in control of the US House threaten to demand concessions for raising the government’s legal borrowing limit. → Read More
Yellen ‘Closely Monitoring’ Financial Markets as Volatility Rises
(Bloomberg) -- Treasury Secretary Janet Yellen said that while the US financial system remains resilient, the current backdrop has created the conditions... → Read More
The Unstoppable Dollar Is Wreaking Havoc Everywhere But America
The Federal Reserve’s focus on taming inflation is inflicting a world of pain on other economies. → Read More
Price Cap on Russian Oil Risks Crisis It’s Meant to Prevent
Treasury officials say the plan will prevent European sanctions from pushing crude prices higher. Its success could depend on Putin going along. → Read More
Yellen Denies Urging Smaller Biden Relief Plan in Early 2021
Janet Yellen denied advocating for a smaller American Rescue Plan than the $1.9 trillion package proposed by the Biden administration and passed by Congress in early 2021, after an advance copy of a book about the Treasury secretary showed she initially urged scaling it back by a third. → Read More
Yellen Wanted Biden Relief Plan Cut by a Third, Biographer Says
Janet Yellen, worried by the specter of inflation, initially urged Biden administration officials to scale back the $1.9 trillion American Rescue Plan by a third, according to an advance copy of a biography on the Treasury secretary. → Read More
Yellen’s Deputy Sees US Averting Recession, With Demand Strong
Deputy Treasury Secretary Wally Adeyemo anticipates that continued strong demand will help the US economy avoid a recession, amid rising concern that the nation is heading toward a downturn. → Read More
Yellen Says ‘I Was Wrong’ Last Year on the Path of US Inflation
Treasury Secretary Janet Yellen gave her most direct admission yet that she made an incorrect call last year in predicting that elevated inflation wouldn’t pose a continuing problem. → Read More
Yellen Sees Efforts to Get Russia to Pay for Rebuilding Ukraine
U.S. Treasury Secretary Janet Yellen said she expected Russia to help pay for rebuilding war-ravaged Ukraine, but stopped short of endorsing the use of frozen Russian assets for that purpose. → Read More
Yellen Challenges China in ‘Moment for Choosing’ on World Order
(Bloomberg) -- Treasury Secretary Janet Yellen has sketched out her vision for a new era of economic cooperation among nations that share key values and... → Read More
Yellen Sees ‘Uncomfortably High’ 2022 Inflation But No Recession
(Bloomberg) -- Treasury Secretary Janet Yellen declined to offer a new forecast on inflation for the end of 2022 as she acknowledged that fallout from... → Read More
Biden Picks Shambaugh as Treasury’s Top International Official
President Joe Biden intends to nominate Jay Shambaugh, a former member of the Council of Economic Advisers under Barack Obama, to be the Treasury Department’s undersecretary for international affairs, the White House said Friday. → Read More
U.S. Posts First Monthly Budget Surplus Since 2019
The federal government ran a budget surplus in January, the first since September 2019, driven in part by a drop in pandemic relief payments and by spectrum auction proceeds for the Federal Communications Commission. The surplus totaled $118.7 billion, and compares with a deficit of $162.8 billion in January 2021, according to data released Thursday by the U.S. Treasury Department. → Read More
U.S. Tax Overhaul Shelved, Imperiling Credits, Millionaire Levy
A host of Biden administration and Democratic tax priorities sank into deep jeopardy on Sunday, imperiling the backbone of the party’s messaging for the midterm elections. → Read More
U.S. Treasury Wants a Registry to Crack Down on Shell Companies
The U.S. Treasury Department has proposed a federal registry in an effort to close loopholes that have enabled terrorists, criminals and corrupt government officials to launder illicit cash through so-called shell companies. → Read More