U.S. Treasury Secretary Timothy Geithner said on Saturday it was too early to start withdrawing stimulus for the world's top economies, but governments should start to outline plans for future fiscal sustainability.
The United States and Japan have agreed to tighten sanctions against North Korea, a senior Japanese official said after a meeting between finance ministers from the two countries on Friday.
The U.S. Treasury Department is facing mounting pressure to ensure that taxpayers get a fair return on banks' warrants as the largest firms prepare to shake off government ownership stakes.
The two primary watchdogs of the U.S. financial bailout program are studying whether taxpayers will get a fair return on banks' warrants as the largest firms repay government investments, according to a letter sent to lawmakers this week.
The Obama administration stepped up efforts on Thursday to push for measures to tie executive pay at all publicly traded companies more closely to performance, but faced some skepticism from lawmakers.
The Obama administration on Wednesday named Kenneth Feinberg, the lawyer who oversaw the government's compensation fund for victims of the September 11, 2001, attacks, as its pay czar to police compensation of top earners at companies receiving exceptional government aid.
The Obama administration on Wednesday named Kenneth Feinberg, the lawyer who oversaw the government's compensation fund for victims of the September 11, 2001, attacks, as its pay czar to police compensation of top earners at companies receiving exceptional government aid.
The Obama administration on Wednesday named Kenneth Feinberg, the lawyer who oversaw the government's compensation fund for victims of the September 11, 2001, attacks, as its pay czar to police compensation of top earners at companies receiving exceptional government aid.
U.S. Treasury Secretary Timothy Geithner said on Wednesday the Obama administration wants to give the Securities and Exchange Commission power to give shareholders a stronger say over executive pay.
U.S. Treasury Secretary Timothy Geithner said on Wednesday the Obama administration wants Congress to pass new laws giving securities regulators power to force companies to let shareholders have more say in setting executive pay levels.
Treasury secretary, Timothy Geithner, said on Wednesday the government is not trying to cap executive pay following the proposals it made on pay packages.
U.S. Treasury Secretary Timothy Geithner said on Wednesday the Obama administration wants to give the Securities and Exchange Commission power to give shareholders a stronger say over executive pay.
The U.S. trade gap widened to $29.2 billion in April as exports weakened again in a reflection of waning global demand, a U.S. government report on Wednesday showed.
The Obama administration will unveil executive pay rules for firms receiving government aid by the end of the week and will name a pay czar with power to reject compensation plans at firms getting exceptional assistance, an administration official said late on Tuesday.
Treasury Secretary Timothy Geithner said on Tuesday the main goal of this weekend's meeting of Group of 8 finance ministers is to take stock of efforts to stimulate economies and stabilize financial systems.
JPMorgan, Goldman Sachs and eight other top U.S. banks won clearance on Tuesday to repay $68 billion in taxpayer money given to them during the credit crisis, a step that may help them escape government curbs on executive pay.
The Obama administration and congressional Democrats got a clear view on Tuesday of the uphill political path they face in pushing for tighter regulation of U.S. banks and financial markets.
U.S. Treasury Secretary Timothy Geithner said on Tuesday he would soon revamp the country's regulatory system to prevent a repeat of excessive risk-taking that has tipped it into a severe recession.
The U.S. Treasury approved 10 banks to buy back $68 billion of government shares on Tuesday, a first crucial step for banks to be set free from government restrictions.
Dow Jones futures fell 0.1 percent, S&P 500 futures also fell 0.1 percent while Nasdaq futures rose 0.2 percent by 5:25 a.m. EDT, pointing to a mixed open for Wall Street's main indexes on Tuesday.
Dow Jones futures fell 0.1 percent, S&P 500 futures also fell 0.1 percent while Nasdaq futures rose 0.2 percent by 0925 GMT, pointing to a mixed open for Wall Street's main indexes on Tuesday.
The Obama administration stepped up its push for tougher bank and financial firm rules on Thursday, scheduling a briefing for lobbyists, with a focus on insurance oversight, and sending a top regulator to a Senate hearing to discuss plans for regulating derivatives markets.
