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White House Government Agencies

  • WASHINGTON, March 24- The Federal Reserve's willingness to accept higher inflation is not an effort to "make up" for weak price increases in recent years, but to ensure its 2 percent target is viewed credibly, San Francisco Fed President John Williams said on Friday. After years of seeing inflation run below its target, the U.S. central bank wants to avoid any...

  • WASHINGTON, March 24- The Federal Reserve is not trying to push inflation higher to compensate for years of weak price increases, but aiming instead to ensure its 2 percent target is viewed credibly, San Francisco Fed President John Williams said on Friday. Fed officials' recent statements that the U.S. central bank was willing to allow above-target price...

  • House Permanent Select Committee on Intelligence Chairman Representative Devin Nunes (R-CA) briefs reporters at the U.S. Capitol in Washington, U.S., March 24, 2017.

    Devin Nunes still refused to share how he learned about alleged surveillance of Trump by U.S. spies, NBC reports.

  • Crews work on cleanup of an oil spill of the Belle Fourche Pipeline near Belfield, North Dakota, December 10, 2016.

    A December oil pipeline spill in western North Dakota might have been three times larger than first estimated.

  • "These determinations underscore that the United States continues to regularly impose sanctions under existing authorities, as warranted, against entities and individuals that engage in proliferation activity with Iran, North Korea, and Syria," the State Department statement said in a statement. The companies included under the newly imposed sanctions...

  • WASHINGTON, March 24- The Federal Reserve says it remitted $91.5 billion in profits to the U.S. The central bank had previously estimated in January that it would send $92 billion to the U.S. government. For 2015, the Fed sent a record $97.7 billion to the Treasury.

  • Mnuchin's got big tax plans

    The Treasury Secretary says he's got big plans in store when it comes to your tax bill.

  • WASHINGTON, March 24- Northern Trust Corp had shortcomings in its "living will" plans and has until year-end to update a proposal for how to unwind if it went bankrupt, U.S. regulators said on Friday as they granted an extension for four foreign banks to comply. The Fed and Federal Deposit Insurance Corp on Friday granted the extension and gave guidance to those four...

  • NEW YORK, March 24- A "massive amount of misconduct" in futures, options and swaps markets goes undetected because of insufficient data mining, Aitan Goelman, who until last month was enforcement chief for the top U.S. derivatives regulator, said in an interview. Goelman said a lack of resources meant the U.S. Commodity Futures Trading Commission did not have the...

  • NEW YORK, March 24- A "massive amount of misconduct" in futures, options and swaps markets goes undetected because of insufficient data mining, Aitan Goelman, who until last month was enforcement chief for the top U.S. derivatives regulator, said in an interview. Goelman said a lack of resources meant the U.S. Commodity Futures Trading Commission did not have the...

  • Treasury bond yields are set to rise this year, but not as much as many currently expected, according to a Reuters poll of top fixed-income strategists who appear skeptical the Federal Reserve will manage to raise rates several times more this year. Central banks, not finance ministries and their borrowing plans, will still wield the strongest influence on...

  • CHICAGO, March 23- Dallas Federal Reserve Bank President Robert Kaplan said Thursday that trimming the balance sheet is an appropriate step for the future, and the Fed should communicate its plan for doing so clearly and in advance.

  • SAN FRANCISCO, March 23- Dallas Federal Reserve Bank President Robert Kaplan said Thursday that the U.S. central bank should be moving "deliberately but patiently" to remove monetary policy accommodation, as long as the economy continues to make progress toward the Federal Reserve's goals.

  • WASHINGTON, March 23- The U.S. State Department plans to approve on Friday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to two government sources familiar with the process. White House spokesman Sean Spicer said the administration would...

  • WASHINGTON- Federal Reserve Deputy Director for Division of Bank Supervision and Regulation Maryann Hunter will attend American Bankers Association's Government Relations Summit- 1145 GMT. FRANKFURT- French Central Bank Chief Francois Villeroy de Galhau and other top European finance officials speak in Frankfurt. FRANKFURT- European Central Bank...

  • Senate Democratic leader Chuck Schumer pledges to pursue a procedural hurdle to try to block the confirmation of Trump's Supreme Court nominee Neil Gorsuch, a move that could provoke a nasty partisan fight. The State Department will approve on Friday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a...

  • The Food and Drug Administration said it approved Bavencio, known chemically as avelumab, to treat metastatic Merkel cell carcinoma in patients 12 years and older. Richard Pazdur, director of the FDA's Oncology Center of Excellence, said in a statement. About 1,600 people in the United States are diagnosed with MCC every year, according to the National Cancer...

  • WASHINGTON, March 23- The U.S. State Department will approve on Friday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to two government sources familiar with the process. The State Department's undersecretary for political affairs, Tom...

  • San Francisco Federal Reserve Bank President John Williams told the Wall Street Journal Thursday he would want to let the Fed's $4.5 trillion balance sheet begin shrinking by late this year, when U.S. short-term interest rates are expected to be above 1 percent. Mester is often outside the Fed's mainstream, dissenting twice last year in favor of tighter policy;...

  • Senate Democratic leader Chuck Schumer pledges to pursue a procedural hurdle to try to block the confirmation of Trump's Supreme Court nominee Neil Gorsuch, a move that could provoke a nasty partisan fight. The State Department will approve by Monday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a...