Treasury Secretary Timothy Geithner sought to calm fears that the Obama administration's bank reforms were hostile to the U.S. financial industry, saying on Wednesday the reforms were "tough where they need to be tough."
Treasury Secretary Timothy Geithner sought to calm fears that the Obama administration's bank reforms were hostile to the U.S. financial industry, saying on Wednesday the reforms were tough where they need to be tough.
Secretary of the Treasury Timothy Geithner said Wednesday he won’t serve in a second Obama Administration
because he doesn’t expect to be invited to continue.
Xi is largely an unknown entity to U.S. officials.
Treasury Secretary Timothy Geithner said on Thursday that key emerging-market nations must let their currencies rise in value in order permit more stable global growth.
Japan has joined the U.S. in its economic efforts to pressure Iran to abandon its nuclear program by agreeing to buy less Iranian oil.
Almost one-third of Iran’s oil exports go to China. Or, put another way, 11 percent of Chinese oil imports comes from Iran.
European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said Wednesday, dealing a new blow to the Islamic Republic.
Treasury Secretary Timothy Geithner will travel to China and Japan next week to discuss U.S. sanctions on Iran and the state of the global economy with top government officials, the Treasury Department said on Wednesday.
U.S. Treasury Secretary Timothy Geithner will travel to China and Japan next week to discuss U.S. sanctions on Iran and the state of the global economy with top government officials, the Treasury Department said on Wednesday.
The U.S. Treasury again shied away from labeling China a currency manipulator on Tuesday, but it rapped the country for not moving fast enough on exchange rate reforms.
The U.S. Cabinet comprises the Vice President and the head of fifteen executive departments, the most prominent of which is probably the Secretary of State.
China could record a rare trade deficit next year, which would test both Beijing's resolve to go slowly on policy easing and its trading partners' ability to adapt.
Europe's debt crisis has deepened and become more entrenched, posing a serious risk to the economic outlook, a senior Treasury official told lawmakers on Friday.
The U.S. Mint will cut off mass production of presidential $1 coins, making just enough to meet demand for collectors, Vice President Joe Biden announced at a Cabinet meeting.
It was billed as a summit to save the euro. It may be remembered as the day Europe lost patience with Britain, as most of the continent threw its lot in with European Union founding members France and Germany and committed to binding their economies ever more tightly.
The president of the European Commission appealed to EU leaders on Thursday to set aside their differences and unite to rescue the euro from a sovereign debt crisis that is menacing the world economy.
Stock index futures pointed to a dip at the open on Wall Street on Thursday, with futures for the S&P 500 down 0.16 percent, Dow Jones down 0.17 percent and Nasdaq 100 down 0.06 percent at 5:30 a.m. ET.
Stock index futures pointed to a dip at the open on Wall Street on Thursday, with futures for the S&P 500 down 0.16 percent, Dow Jones down 0.17 percent and Nasdaq 100 down 0.06 percent at 5:30 a.m.
France and Germany are to sound out conservative European leaders on Thursday about their plan to defuse the euro zone's debt crisis, eager to rally support before a high-stakes EU summit.
Hopes the euro zone will figure out a solution to its ongoing debt crisis inspired enough buying to push stocks to a third day of gains on Wednesday in light trading.
In the past few months, but particularly in the last few days, the British Chancellor of the Exchequer and the Governor of the Bank of England, roughly British equivalents to the American Treasury Secretary and Fed Chairman, have become the bane of the English banking system's existence. Other British government officials have also joined the fray.
