Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Yellen to attend G20 meeting in Rome, U.N. climate talks - Treasury

EconomyOct 21, 2021 20:16
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Treasury Secretary Janet Yellen testifies during the House Financial Services Committee hearing in Washington, U.S., September 30, 2021. Al Drago/Pool via REUTERS/Files

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen will participate in high-level Group of 20 meetings in Rome next week and attend in a United Nations climate change conference in Scotland the following week, the Treasury Department said Thursday.

Yellen will also visit Dublin, Ireland for talks on global tax priorities, Treasury said in a statement.

"While overseas, Secretary Yellen will continue to reinforce the U.S. commitment to multilateralism and advance U.S. policy priorities on global tax policy, climate change, an inclusive economic recovery, and global health," Treasury said.

Yellen will also hold meetings with counterparts, allies, and business leaders during her visits to Rome on Oct. 29-31, Dublin on Oct. 31 and Nov. 1, and the U.N. climate conference in Glasgow Nov. 2-3, Treasury said.

Yellen will hail a global corporate minimum tax agreement signed by 136 countries during her visit to Ireland, a low-tax country that dropped its objection to the deal last week after a compromise emerged on a deduction from the minimum tax rate for companies with real physical business activities abroad.

The former chair of the Federal Reserve Board has played a key role in U.S. President Joe Biden's fight to secure congressional support for trillions of dollars in proposed social spending.

She joined meetings with key progressive and moderate Democrats on Tuesday as they sought to make progress on an economic package now expected to total around $2 trillion, well below the $3.5 trillion initially sought by Biden.

Yellen last week said she was confident the U.S. Congress would approve legislation to implement the global corporate minimum tax, with the measure likely be included in the larger so-called reconciliation budget bill.

The parliamentary maneuver known as budget reconciliation would allow Democrats to approve the spending without Republican votes.

Yellen to attend G20 meeting in Rome, U.N. climate talks - Treasury
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email