USA: U.S. Republicans vow to oppose Yellen’s G7 tax deal, casting doubt on its future - by David Morgan and David Lawder

Several top U.S. Senate Republicans on Monday rejected Treasury Secretary Janet Yellen’s G7 deal to impose a global minimum corporate tax and allow more countries to tax big multinational firms, raising questions about the U.S. ability to implement a broader global agreement.

The opposition from Republicans may push President Joe Biden to attempt to use budget procedures to pass the initiatives with only Democratic votes.

Read more at: U.S. Republicans vow to oppose Yellen’s G7 tax deal, casting doubt on its future | Reuters

US Federal Reserve: Yellen says she won't step down, will serve through 2018

Federal Reserve Chairwoman Janet Yellen said Thursday that she will fill out her term, regardless of the election results.

Asked during a congressional hearing if she could imagine any circumstances in which she could resign early, Yellen responded, "no, I cannot."

"It is fully my intention to serve out that term," Yellen said of her term that ends in February of 2018.

Read more: Yellen says she won't step down, will serve through 2018 | Washington Examiner