Lael Brainard: “The president is honoring his ironclad commitment to not raise taxes on anyone making less than $400,000 and will cut taxes further for workers and families, paid for by asking corporations and those at the top to contribute more.”
apnews.com/article/8380c8…

Delighted to swear in my friend Rebecca Chalif as Chief of Staff. Rebecca’s work at USAID has already transformed how we tell our story to communities around the world, helping drive progress far beyond the scope of our programs.

A month after Yellen went to Beijing and Guangzhou with overcapacity warnings:

China Moves to Rein in Battery Boom Amid Overcapacity Concerns caixinglobal.com/2024-05-09/chi…

We know that on net Trump’s TCJA extensions will cost more than his 10% income tax raises, but how does that net out for the median family?

It’s a net tax increase that also increases the deficit!

AP: “President Joe Biden, a Democrat, wants to extend the middle-class tax cuts while raising taxes on highly profitable companies and the richest sliver of Americans.”

apnews.com/article/biden-…

🚨 ARTEMI PANARIN BETWEEN-THE-LEGS GAME WINNER 🚨

(via B/R Open Ice)

via ⁦CNN⁩ >>

Treasury launches ‘Project Fortress,’ an alliance with banks against hackers cnn.com/2024/05/09/bus…

.President Biden 'is boosting his outreach to America's CEOs to try to ensure that his nearly $2 trillion in government spending to boost the economy is matched and multiplied by private-sector investments,' via HansNichols axios.com/2024/05/09/bid…

Tonight at 7 pm on CNN

Big news for Wisconsin.

Six years ago, the prior administration touted a $10 billion investment by Foxconn that never materialized.

But now, Microsoft will build a new AI datacenter on the same land.

President Biden will be there today for the announcement.

Igor’s celly after making 54 SAVES in the double OT victory 😱

(via Sportsnet)

Statement from President Biden on the new SS & Medicare Trustee report: 'Since I took office, my economic plan & strong recovery from the pandemic have helped extend Medicare solvency by a decade, with today’s report showing a full 5 years of additional solvency.' whitehouse.gov/briefing-room/…

Janet Yellen: No Reservations

I’d watch a Janet Yellen food travel show

Financial Times: Russian finance flows slump after US targets Vladimir Putin’s war machine ft.com/content/b4a556…

Enjoying some Carolina’s 🌯 after a busy morning welcoming Secretary Janet Yellen to Phoenix!

After a visit to Mesa Community College to learn about workforce development programs funded by the American Rescue Plan, Secretary Janet Yellen has lunch at Carolina’s.

Opinion | Treasury Secretary Janet Yellen: Protecting democracy is vital to safeguard strong economy usatoday.com/story/opinion/…

Via Bloomberg:

Yellen Says Fundamentals Still Point to Slowing Inflation bloomberg.com/news/articles/…

Many question whether democracy can deliver or argue that chipping away at democracy is a fair or even necessary trade for prosperity. Let me be crystal clear: They are wrong. Undercutting democracy undercuts a key foundation of sustainable and inclusive growth.