Janet Yellen: “I promise that we will work with you when our staff can be in contact with yours”

The price cap on Russian oil has significantly reduced Russian revenue over the last 10 months.

But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.

The treasury secretary, Janet Yellen, is my exclusive guest tonight.

The president has made clear that he would veto the bill in the House that ties aid for Israel to cuts in funding for the Internal Revenue Service.