A debt ceiling vote and the 2012 budget will be the next major fiscal battles facing the U.S. throughout the rest of 2011, as Washington looks ahead after lawmakers in the House and Senate averted a shutdown in a last hour deal to fund the government for the next six months.
With time running short, President Barack Obama failed on Tuesday to break a deadlock in budget talks between his Democrats and Republicans that threatens a partial shutdown of the government.
With time running short, President Barack Obama failed on Tuesday to break a deadlock in budget talks between his Democrats and Republicans that threatens a partial shutdown of the government.
With time running short, President Barack Obama failed on Tuesday to break a deadlock in budget talks between his Democrats and Republicans that threatens a partial shutdown of the government.
The Obama administration is preparing a comprehensive proposal for corporate tax reform in an effort to kickstart the legislative process in Congress, U.S. Treasury Secretary Timothy Geithner said on Tuesday.
The United States will hit the legal limit on its ability to borrow no later than May 16, Treasury Secretary Timothy Geithner said on Monday, ramping up pressure on Congress to act to avoid a debt default.
Tightly controlled exchange rate regimes are the main flaw in the international monetary system and the solution is simple, U.S. Treasury Secretary Timothy Geithner told a G20 meeting on Thursday.
Opposing views about how to reform the global monetary system were laid bare at a meeting of the top 20 economies on Thursday, with France setting out a bold agenda, China warning that change must be gradual and the United States saying the solution was simple.
The International Monetary Fund warned Latin America on Saturday that economies across the region are overheating, and Canada urged policymakers not to underestimate the risks from rising inflation.
The Treasury secretary has no plans to exempt certain types of foreign exchange options from heavy new regulations, sources familiar with the matter said, dashing hopes of financial players and corporations who use the products to hedge currency risks.
Treasury Secretary Timothy Geithner said on Wednesday it is imperative that the United States cut its budget deficits, and he believes there is increasing bipartisan support in Congress to do so.
Four senators on Tuesday urged President Barack Obama's administration to step up its fight against China's hoarding of critical rare earth elements by blocking funding for Chinese mining projects.
U.S. Treasury Secretary Timothy Geithner urged lawmakers on Wednesday to approve capital increases for global lending institutions and warned that failure to do so could harm U.S. influence abroad.
Treasury Secretary Timothy Geithner urged Europe on Tuesday to strike a balance between tough fiscal reforms and financial support for troubled member states ahead of two crucial EU summits to resolve the bloc's debt crisis.
Food, not oil, may prove to be the bigger threat to global growth, with the pain falling disproportionately upon the developing economies that powered the latest economic recovery.
Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest triggers an inflationary price spiral, Treasury Secretary Timothy Geithner said on Thursday.
The United States and other major economies can tap strategic oil reserves if need be to keep soaring oil prices from derailing a global recovery, Treasury Secretary Timothy Geithner said Thursday.
The following are highlights from testimony by Treasury Secretary Timothy Geithner on Thursday before the Senate Foreign Relations Committee on turbulence in the global economy and implications for the United States.
Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest triggers an inflationary price spiral, Treasury Secretary Timothy Geithner said on Thursday.
Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be modestly higher after reforms are completed to the national housing finance system.
Congress should pass legislation overhauling the U.S. housing finance system within two years, though it should not act in haste, Treasury Secretary Timothy Geithner said.
Homeownership as an investment is no longer the rock-solid foundation for the American Dream it once was, according to a survey released on Monday by the firm the government created in the 1930s to promote homeownership.
