US treasury secretary Yellen: global minimum corporate tax will pass

Minimum global corporate rate of 15% agreed by 136 countries as Yellen also says US will raise debt ceiling on 3 December

The US treasury secretary, Janet Yellen, said on Sunday she was confident Congress would approve legislation to implement the global corporate minimum tax agreed by 136 countries.

Yellen told ABC's This Week actions to bring the US into compliance with the global minimum tax would likely be included in the so-called reconciliation budget bill containing Joe Biden's proposed spending initiatives.