It's too early to be sure, but signs that China's current account surplus will keep shrinking as a share of national output could draw some of the venom from the debate on global economic imbalances preoccupying the G20.
The debate over overhauling the U.S. corporate tax system will have to include whether to cut taxes on profits earned abroad, a Treasury Department official said on Thursday. Michael Mundaca, assistant Treasury secretary for tax policy, a White House point man on revamping the corporate tax code, also said that corporate tax reform could be done before individual tax reform.
Treasury Secretary Timothy Geithner said on Tuesday that the United States needs to cut the corporate tax rate substantially with a goal in the high 20 percent range, down from the current 35 percent. A day after the White House unveiled a budget that seeks to trim the country's massive deficit, Geithner reiterated that the Obama administration
Treasury Secretary Timothy Geithner said on Tuesday the United States needs to shore up its massive pension program without slashing Social Security benefits or subjecting them to the whims of the stock market.
Wide differences between rich and poor countries may frustrate France's hope of taking a bold step toward stabilizing the global economy at a Group of 20 finance ministers meeting this week.
Treasury Secretary Timothy Geithner said on Tuesday the United States needs to put its massive pension program on a sounder footing but vowed to reject efforts to slash Social Security benefits and subject them to the whims of the stock market.
Treasury Secretary Timothy Geithner said on Tuesday the country needs to put its massive pension program on a sounder footing but rejected plans that would slash pension benefits and subject them to the whims of the stock market.
Treasury Secretary Timothy Geithner said on Tuesday the United States needs to shore up its massive pension program without slashing Social Security benefits or subjecting them to the whims of the stock market.
Wide differences between rich and developing countries may frustrate France's hope of taking a bold step toward stabilizing the global economy at a Group of 20 finance ministers meeting this week.
The Obama administration is proposing a much smaller $30 billion tax on the largest financial institutions, in line with shrinking U.S. corporate bailout costs.
The Obama administration nailed a 'condemned' sign on the wrecked U.S. housing finance system on Friday but did not offer a clear blueprint for a rebuilding project that promises to take years.
The Obama administration nailed a 'condemned' sign on the wrecked U.S. housing finance system on Friday but did not offer a clear blueprint for a rebuilding project that promises to take years.
The Obama administration nailed a 'condemned' sign on the wrecked U.S. housing finance system on Friday but did not offer a clear blueprint for a rebuilding project that promises to take years.
Treasury Secretary Timothy Geithner on Wednesday strongly pitched increased bipartisan cooperation among lawmakers as vital for building business and market confidence in the economy's growth.
U.S. Treasury Secretary Timothy Geithner said on Wednesday that the bipartisan cooperation that sparked the tax deal at the end of last year was an important contributor to business confidence.
RBC Capital Markets said banks with strongest capital and increased profitability are expected to get green light on dividends. The Federal Reserve is expected to approve dividend increases.
The Obama administration will propose raising the cost of loans backed by the Federal Housing Administration as part of a plan to reduce government support of the mortgage market to below 50 percent, said sources familiar with the plan.
Federal Reserve Chairman Ben Bernanke on Thursday issued a stern warning to Republican lawmakers that delays in raising the United States' $14.3 trillion debt limit could have catastrophic consequences.
Federal Reserve Chairman Ben Bernanke on Thursday issued a stern warning to Republican lawmakers that delays in raising the United States' $14.3 trillion debt limit could have catastrophic consequences.
At least once a week during her young presidency, Dilma Rousseff has met with trusted advisers to try to solve an intractable problem -- China.
The U.S. economy gathered speed in the fourth quarter to regain its pre-recession peak with a big gain in consumer spending and strong exports, removing doubts about the recovery's sustainability.
The U.S. economy gathered speed in the fourth quarter to regain its pre-recession peak with a big gain in consumer spending and strong exports, removing doubts about the recovery's sustainability.