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June 21, 2021, 5:08 p.m. EDT

Financial regulators tell Biden they're making progress on his climate-risk order

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By Victor Reklaitis

In a meeting on Monday with President Biden, top U.S. financial regulators reported that they "were making steady progress" on his executive order on climate-related risk, the White House said in a statement. The regulators also "discussed ideas for promoting financial inclusion and for responsibly increasing access to credit for potential homeowners and small businesses," and they reported that the financial system is in "strong condition," the White House said. The meeting participants included Treasury Secretary Janet Yellen, Federal Reserve chief Jerome Powell and Securities and Exchange Commission Chairman Gary Gensler.

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