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


© Reuters. Janet Yellen, Treasury Secretary, testifies at the hearing of House Financial Services Committee in Washington, U.S.A, September 30, 2021. Al Drago/Pool via REUTERS/Files

WASHINGTON, (Reuters) – U.S. Treasury secretary Janet Yellen will attend the high-level Group of 20 meeting in Rome next week as well as a United Nations conference on climate change in Scotland the week following that week, according to the Treasury Department.

Treasury stated in a statement that Yellen would also travel to Dublin, Ireland, for discussions on tax priorities globally.

Treasury announced that “Secretary Yellen” will be working overseas to further strengthen America’s commitment to multilateralism, as well as advance U.S. priorities in global tax policy, climate and health.

Treasury announced that Yellen will be meeting with business and allies during her visit to Rome (Oct. 29-31), Dublin (Oct. 31) and Nov. 1 and Glasgow (Nov. 2 and 3).

Yellen will praise a global corporate tax minimum agreement, signed by 136 different countries. Ireland is a low tax country and has not objected to the deal since last week’s compromise reached on a deducting the minimum rate of tax for businesses with physical operations abroad.

Former chair of Federal Reserve Board played an important role in U.S. Vice President Joe Biden’s efforts to get congressional support for proposed Social Spending of trillions of Dollars.

As part of a push to progress an economic package, which is expected to reach $2 trillion by Tuesday’s deadline and well below Biden’s original $3.5 trillion target, She also met with moderate Democrats as well as key progressives on Tuesday.

Last week, Yellen said that she felt confident that the U.S. Congress would pass legislation to implement the global corporate minimal tax. This measure will likely be included within the larger reconciliation budget bill.

Budget reconciliation is a maneuver in the parliamentary system that would permit Democrats to pass spending legislation without Republican support.

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