May 24, 2022

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Yellen to attend G-7 finance meeting in first overseas trip

Treasury Secretary Janet YellenJanet Louise YellenWhat you need to know about the international tax talks Key inflation measure comes in at 0.6 percent, above expectations On the Money: Biden to propose trillion budget | Senate Republicans pitch 8 billion infrastructure offer | Biden faces dilemma on Trump steel tariffs MORE is slated to make her first overseas trip since being confirmed next month to attend a meeting of the Group of Seven (G-7) finance ministers in London, the department announced Monday.

The meeting of finance officials in the G-7, a group of industrial countries, will take place in London on June 4 and June 5. Prior to traveling to London, Yellen will participate in a virtual meeting with G-7 finance ministers and central bank governors, Treasury said in a statement.

“While in London, Secretary Yellen will reinforce the U.S. commitment to policy priorities to promote the global recovery from the COVID-19 pandemic including supportive fiscal policies, vaccine access, and distribution,” Treasury said. “She will also discuss with her G7 partners the importance of improving public health to prevent future pandemics and building greener and more resilient economies to meet the challenges of climate change.”

Yellen has been making multilateral discussions a priority as Treasury secretary. One of Yellen’s top agenda items is to reach an agreement with other countries on a global minimum corporate tax rate.

Later in June, President BidenJoe BidenBill that would mandate Asian-American history lessons in Illinois schools heads to governor’s desk Five things to know about the new spotlight on UFOs Biden shows little desire to reverse Trump’s Cuba policies MORE is expected to make his first overseas trip since his inauguration to attend a G-7 summit in the United Kingdom and a NATO summit in Belgium.