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Rachel Reeves, the new chancellor of Britain, made headlines after her first day of international economic diplomacy by having dinner with US Treasury Secretary Janet Yellen. The two women, who share a strong admiration for each other, met after the first all-female meeting between finance ministers of the UK and US at a G-20 session in Rio de Janeiro.

Reeves, who recently led her Labour Party to a landslide election victory, sees Yellen as an influence and aligns her economic strategy with Bidenomics. During her trip abroad, Reeves also met with other prominent figures in the financial world, including IMF Managing Director Kristalina Georgieva and Canada’s finance chief Chrystia Freeland, emphasizing the importance of female leadership in economics and finance.

Despite the lack of major diplomatic tensions at the summit, Reeves faces challenges back home, including a significant shortfall in public finances that may require tax hikes in the upcoming budget. She remains determined to address the challenges left by the previous government, stating, “We have inherited a mess, but I am going to fix the mess that the Tories have left us.”

As Reeves navigates the economic landscape both internationally and domestically, her interactions with Yellen and other leaders signal a new chapter in economic policy and female leadership. Stay tuned for updates on this developing story.
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