Biden’s ‘Racial Equity’ Committee Includes Soros-Funded Nonprofit Heads

President Joe Biden’s Treasury Department appointed two people to its “racial equity” committee that run nonprofits that received millions from left-wing billionaire George Soros’ Open Society Foundations (OSF) network, records show.

On Tuesday, Treasury Secretary Janet Yellen unveiled the members for its Committee on Racial Equity, which will advise the agency on how “to advance racial equity in the economy and address acute disparities for communities of color.” Felicia Wong and Lorella Praeli, two committee members, lead four nonprofits that got over $15.7 million from OSF’s network between 2016 and 2020, according to OSF’s grant database.

Read More

Biden Administration Is Withholding Hunter Biden Documents, Oversight Republican Says

Ranking Member of the House Oversight Committee Rep. James Comer, R-Ky., sent a letter to U.S. Treasury Secretary Janet Yellen this week alleging that the federal agency is withholding documents that detail the foreign transactions conducted by the president’s son, Hunter Biden.

Read More

Yellen to Testify on Biden Budget After Admitting She Was Wrong on Inflation

U.S. Treasury Secretary Janet Yellen will testify before the Senate Finance Committee Tuesday, just days after she admitted she was wrong about inflation earlier in President Joe Biden’s term.

The hearing, which is on “the president’s fiscal year 2023 budget” will only feature testimony from Yellen, according to the committee’s website.

Biden’s budget likely will be under extra scrutiny as gas prices continue to hit record highs and inflation rises at the fastest level in decades.

Read More

‘I Was Wrong’: Biden’s Treasury Sec Admits She Bungled Inflation Prediction

United States Treasury Secretary Janet Yellen admitted she was wrong in the past about her inflation predictions during an interview with CNN’s Wolf Blitzer.

“I think I was wrong then about the path that inflation would take,” Yellen told Blitzer Thursday on “The Situation Room” in response to 2021 comments where she claimed inflation would be “a small risk.”

Read More

Sen. Tim Scott Demolishes Secretary Janet Yellen’s Claim Unborn Babies Must Be Aborted to Benefit Economy

Sen. Tim Scott (R-SC) shut down Treasury Secretary Janet Yellen’s claim that women must be able to abort their unborn children in order to contribute to the economy as workers.

During a Senate Banking Committee meeting Tuesday, Yellen said a decision by the U.S. Supreme Court to overturn Roe v. Wade would damage the economy.

Read More

Janet Yellen Defends Sustainable Investing Craze That’s Trying to End U.S. Oil and Gas Drilling

Treasury Secretary Janet Yellen defended sustainable investing practices and climate change policies that have negatively impacted U.S. oil and gas drilling in an interview Friday.

“I don’t think that the ESG movement and the emphasis on climate change is creating the problems that we have,” Yellen told CNBC’s “Squawk Box” on Friday morning when asked if investors need to rethink their stance on fossil fuels. “If anything, the problem is that we haven’t moved as rapidly as we should have.”

Read More

Congress Considers Bill to Expose Russian, Chinese Funding of American Groups

Newly introduced legislation would require think tanks and nonprofits to reveal whether they have significant funding from governments and political groups in Russia and China.

U.S. Rep. Lance Gooden, R-Texas, introduced the “Think Tank and Nonprofit Foreign Influence Disclosure Act” Thursday, which would require nonprofits and think tanks to disclose foreign donations over $50,000. The bill would require the U.S. Treasury Department to create a “publicly available in a searchable database information relating to such gifts and contributions received from foreign governments and political parties…”

Read More

Treasury Department Hires First-Ever ‘Counselor for Racial Equity’

The Treasury Department announced Monday it hired its first every Counselor for Racial Equity to support President Biden’s push for economic opportunities for people of color.

Janis Bowdler, former president of the JPMorgan Chase & Co. Foundation, will serve as the first “Counselor for Racial Equity,” the Treasury Department said.

Read More

Democrats’ Budget Set to Include Global Minimum Tax, Treasury Secretary Says

Treasury Secretary Janet Yellen said Sunday that she is confident that the Democrats’ budget will include a global minimum tax for corporations just days after nearly 140 countries endorsed the measure.

“I am confident that what we need to do to come into compliance with the minimum tax will be included in a reconciliation package,” Treasury Secretary Janet Yellen told ABC News on Sunday. “I hope that it will be passed and we will be able to reassure the world that the United States will do its part.”

Though the United States and 135 other countries signed the agreement, each nation must pass its own legislation to enact the minimum tax rates. Democrats are currently crafting the budget, a spending package that would reshape the social safety net, but the process has slowed by disagreements between the party’s moderate and left wings.

Read More

Commentary: Afghanistan Reveals U.S. Choices Have Dangerously Narrowed

In the “Nicomachean Ethics,” Aristotle has a lot to say about the activity of choice and its place in securing “eudaimonia,” that “good-spiritedness” that is synonymous with human fulfillment.

Choice is critical in the metabolism of virtue. But, Aristotle points out, it is possible for someone, through bad choices, to put himself in a situation from which choice cannot rescue him.

Read More

Janet Yellen Warns of ‘Irreparable Harm’ If Congress Doesn’t Raise the Debt Ceiling

Treasury Secretary Janet Yellen warned congressional leaders Friday that failing to raise the debt ceiling would risk “irreparable harm to the U.S. economy and the livelihoods of all Americans.”

In a letter, Yellen said that she did not know how long the Treasury Department could prevent the U.S. from defaulting on its debt, which could carry catastrophic economic consequences. The debt ceiling is set to expire on Aug. 1.

Read More

Treasury Secretary Warns of ‘Rapid’ Inflation This Year

Janet Yellen

As more federal data show a major spike in inflation, another top federal official said the U.S. is in for more aggressive inflation for the rest of 2021.

Federal officials have been pressed to speak on rising inflation after \data released earlier this week showed that the all items index increased 5.4% over the last 12 months, the biggest spike since the 2008 financial crisis.

Treasury Secretary Janet Yellen commented on the rise in inflation, saying it would grow worse this year.

Read More

Biden Selects Former Federal Reserve Chairwoman Janet Yellen for Treasury Secretary, Would Be First Woman to Hold Position: Report

President-elect Joe Biden is expected to name former Federal Reserve Chairwoman Janet Yellen for secretary of the Department of the Treasury, The Wall Street Journal first reported Monday.

Yellen, 74, who was the first woman to serve as Federal Reserve chair after she was confirmed by the Senate in 2014, would be the first woman to head the Treasury Department, according to CNBC. Yellen is widely considered to be a “safe” pick with a high likelihood of confirmation by a closely divided Senate.

Read More