US Treasury Sec. Yellen: Making progress on strengthening US international tax rules

US Treasury Secretary Janet Yellen told her G7 counterparts on Thursday that the US Congress is making progress on strengthening the US' international tax rules, as reported by Reuters.

Yellen further underscored the goal of reaching the 21% minimum tax rate on US companies' foreign earnings and called on major economies to boost support for vulnerable economies by lending IMF emergency reserves.

Market reaction

These comments don't seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was up 0.25% on a daily basis at 4,525.