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Treasury Secretary Janet Yellen repeated her comment from a day earlier that the government's recent actions were "taken to ensure that Americans' deposits are safe." She sought to clarify it with a new line: "Certainly, we would be prepared to take additional actions if warranted."
March 23 -
Regional bank shares slumped, dragging down the broader market, after Treasury Secretary Janet Yellen's comments and as Federal Reserve Chair Jerome Powell said he's prepared to keep raising rates until inflation shows signs of cooling.
March 22 -
In a new computer simulation, it's up to you to save America's largest entitlement program — or it's "Game Over."
March 21 -
The incentive structures for both banks and large, sophisticated depositors have changed because of federal regulators' decision to guarantee the uninsured deposits of Silicon Valley Bank and Signature Bank.
March 21 -
A vast amount of American wealth is never taxed for Social Security. Why not close the gap?
March 13 -
The president says his plan will keep the program solvent into the 2050s, "without cutting a penny in benefits."
March 7 -
James Lee says title protection for advisors would be a huge step toward making financial planning 'the most important authentic profession of the 21st century.'
February 10 -
Republicans booed when President Biden accused them of wanting the benefits to "sunset." But was he telling the truth?
February 9 -
Democrats contend Finance Committee Chair Patrick McHenry has made the regulation of digital assets a priority over industry diversity.
February 2 -
Congress is gearing up for another debt war, and the collateral damage could include Social Security, Medicare and the stock market.
January 31