Janet Yellen

Treasury Secretary nominee Janet Yellen left the door open to keeping U.S. tariffs on China in place for now at her Senate confirmation hearing this week, but said America should "work with our allies rather than unilaterally" to "address unfair trade practices."

The Biden administration announced a set of top Treasury Department staff appointments Wednesday evening, including a number of former Obama administration officials. They will work for Janet Yellen, whose confirmation as Treasury secretary is expected soon.

President Trump warned raising taxes will have consequences.

Goya Foods CEO Bob Unanue told "Mornings with Maria" on Wednesday that taxes “will have to go up” during Joe Biden’s presidency because “you can't put millions of people out of work and then throw trillions of dollars to try and resolve the problem with money.”

Yellen said during her confirmation hearing Tuesday that research suggests job losses from a $15 federal minimum wage are "very minimal, if anything."

Treasury Secretary nominee Janet Yellen took aim at China during her Senate confirmation hearing Tuesday, calling the country "our most important strategic competitor."

President Elect Joe Biden’s administration is set to take a more hands off approach to the value of the U.S. dollar than that of his outgoing predecessor, President Trump.

Janet Yellen, President-elect Joe Biden's nominee to lead the Treasury Department, made the case for the quick passage of a sweeping $1.9 trillion coronavirus relief bill proposed by the incoming administration. 

In the past four years, U.S. government debt held by the public has increased by $7 trillion to $21.6 trillion.