Treasury Secretary Janet Yellen's goals for the United Nations General Assembly include bolstering global economic security.
last week, prompting some experts to predict that crude oil might reach $100 a barrel by the end of the year.
China's growth after ending pandemic-related lockdowns, though slower than expected, is a contributor to the lift in oil prices, said Yellen. But its weakened economy, along with Germany's, was driving her focus on the global economy at the UN event. Yellen spoke a day after two key voting blocs in the House Republican caucus reached a tentative agreement on a partisan bill to fund the government until the end of October, in exchange for cuts to domestic spending and stricter border controls.
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