In a letter to lawmakers today, Janet Yellen says the Treasury Department's "best estimate" is that its extraordinary accounting measures will no longer be able to satisfy all the government's obligations by early June.
The IMF trimmed its global-growth projections, warning of high uncertainty and risks as financial-sector stress adds to pressures emanating from tighter monetary policy.
This year, legal and business risks will be heightened for companies with international supply and distribution chains, especially those operating in highly regulated industries.
With inflation heading downward, the debate is now shifting to what happens after this fight is over— and the risks of getting it wrong are high, both economically and politically.
U.S. and European investors' holdings of assets controlled by Chinese companies but issued offshore are worth nearly three times as much as direct investments in companies registered in China.
U.S. inflation data suggests price pressures have peaked, giving financial markets hope that the Federal Reserve's interest-rate hikes will soon pause.