Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay. Illustration: Preston Jessee/WSJ PARIS—The leaders of wealthy nations want private investors to send a flood of capital to poorer countries to lift them out of poverty and bankroll the response to climate change. Instead, those investor...

House Speaker Kevin McCarthy said Friday that he knows negotiations are ‘not easy’ and it is ‘crunch time’ to reach a deal on raising the debt limit. Photo: Jonathan Ernst/Reuters Treasury Secretary Janet Yellen said the U.S. could be unable to pay all of its bills on time if Congress has not raised the debt ceiling by June 5, setting a more specific deadline for lawmakers to reach an agreement.

If Congress doesn’t raise the debt ceiling by the June 1 default deadline, there are three things President Biden could use to avert disaster: the trillion-dollar coin, premium bonds and the 14th Amendment. WSJ explains. Photo Illustration: Madeline Marshall WASHINGTON—The Treasury Department is preparing to change how the U.S. processes federal agencies’ payments if the debt ceiling is breached, dusting off a contingency plan crafted after the 2011 borrowing-limit standoff, people familiar...

WASHINGTON—Treasury Secretary Janet Yellen plans to say that regulators might need to tighten banking rules after the collapse of Silicon Valley Bank and Signature Bank, arguing that the recent turmoil is a sign that efforts to bolster the financial system are incomplete. In remarks prepared for later Thursday, Ms. Yellen questioned whether the regulatory system she helped build after the 2008 financial crisis was adequate to protect financial stability. Regulators this month extended...

Share WASHINGTON—Treasury Secretary Janet Yellen said she wasn’t considering ways to guarantee all bank deposits, as some lawmakers and banks explore overhauling deposit insurance. At a Senate hearing Wednesday, Ms. Yellen was asked if the Treasury was looking at taking steps to expand deposit insurance without Congressional authorization. Continue reading your article with a WSJ subscription