The U.S. Treasury Department may be forced to implement "extraordinary measures" as soon as January 14 to avoid a default on the nation's debt, Treasury Secretary Janet Yellen informed lawmakers in a letter on Friday.

U.S. Treasury Secretary Janet Yellen said on Tuesday that G7 and European Union allies are "very close" to finalizing a $50 billion loan to Ukraine backed by frozen Russian assets, with an expected U.S. contribution of about $20 billion, News.Az reports citing Reuters .

U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is looking at strengthening its secondary sanctions on banks found to be aiding transactions for Russia's war effort.

Secretary of the Treasury of the United States Janet Yellen has urged the EU to join US efforts to clamp down on Beijing’s green-tech exports, warning that a glut of cheap Chinese goods could threaten the survival of factories across the world, News.Az reports citing Financial Times.