The Bush administration on Friday filed a complaint with the World Trade Organization, accusing China of improperly subsidizing its own firms. "Power Lunch" heard from two experts on international trade, who debated whether the filing was smart, hard-edged economic brinkmanship -- or a savvy political move to mollify Congressional Democrats and others who demand White House action on vanishing U.S. manufacturing jobs.
Last week the Secretary of the Treasury, Hank Paulson, was asked if the residential real estate market had bottomed. He refused to answer the question. But as we approach the New Year, that is arguably the biggest question in real estate. The spring season is right around the corner, traditionally the busiest for buying and selling, and many believe it will tell the true story of the state of the market.
As we've told you--CNBC's Carl Quintanilla was part of the crew covering the just ended American-Chinese economic talks in Beijing. His reports appeared on "Squawk Box" (see our earlier post today). Here are his personal and behind the scene comments on the trip. If you're a fan of big cities, you're a fan of Beijing...
U.S. Treasury Secretary Henry Paulson and other top American officials are in Beijing this morning for trade talks, appealing to Chinese leaders to help preserve U-S support for free trade. CNBC’s Carl Quintanilla is following all the developments closely and updated the “Squawk Box” crew this morning, also from Beijing.
The Democrats are putting a lot of pressure on President George W. Bush and his administration to force changes in China’s trade and monetary policies. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are visiting the Asian giant this week, and they’ve arrived with a list of demands for the Chinese government.
China posted a trade surplus of $22.9 billion in November, raising the stakes before a high-level U.S. delegation arrives in Beijing for talks expected to focus on the political repercussions of the swelling surplus.
CNBC's Maria Bartiromo had an exclusive interview with U.S. Treasury Secretary Henry Paulson this morning. He gave his take on today’s jobs report, the weak U.S. dollar and his upcoming trip to China. Paulson said the jobs report was “good news.” Even more importantly, though, was the fact that job creation was leading to wage growth.
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.