Ambassador to China Max Baucus said on Wednesday in the first major public address of his tenure, warning that Washington would continue to pressure Beijing. In May, Washington indicted five Chinese military officers for hacking U.S. companies, prompting Beijing to suspend a Sino-U.S. working group on cyber issues.
BEIJING, May 26- Beijing accused the United States on Monday of "unscrupulous" cyber surveillance that included large-scale computer attacks against the Chinese government and Chinese companies. The publication accused the United States of "waging large-scale cyber-attacks" against China.
U.S. equipment and software providers such as IBM Corp and Cisco Systems Inc have already seen their China sales drop after last year's revelations by former National Security Agency contractor Edward Snowden of U.S. spying. IBM's China sales have fallen by a fifth or more for three straight quarters, the firm reported in April.
U.S. equipment and software providers such as IBM Corp and Cisco Systems Inc have already seen their China sales drop after last year's revelations by former National Security Agency contractor Edward Snowden of U.S. government spying. IBM's China sales have fallen by a fifth or more for three straight quarters, the Armonk, NY- based firm reported in April.
BEIJING, May 20- China summoned the U.S. ambassador the United States accused five Chinese military officers of hacking into American companies to steal trade secrets, warning Washington it could take further action, the foreign ministry said on Tuesday.
BEIJING, May 20- China summoned the U.S. ambassador after the United States accused five Chinese military officers of hacking into American companies to steal trade secrets, warning Washington it could take further action, state media said on Tuesday.
*GE tops list, followed by Microsoft, Pfizer, Merck, Apple. WASHINGTON, April 8- Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from 2008 to 2013 to top $2.1 trillion, said a private research firm's report, prompting a call for reform by the Senate's top tax law writer.
The oil industry's lobbying arm said it will push lawmakers to consider lifting a ban on crude exports in the new year.
Making Sen. Max Baucus the next ambassador to China reflects the importance the U.S. places on advancing its economic relationship with Beijing.
Surprise! Washington could be slightly less dysfunctional next year. Keep an eye on the debt ceiling, tax reform and mid-term elections. POLITICO's Ben White reports.
Jim Pethokoukis, American Enterprise Institute, weighs in on a proposed plan by Sen. Baucus to tax all income from foreign sales and services.
Health and Human Services Secretary Kathleen Sebelius is returning to Capitol Hill for a fresh interrogation on the health care law.
Speaker Boehner said that the GOP would offer a temporary increase in the debt ceiling in return for discussions with Obama on the budget and deficit.
The prospect of Congress failing to raise the nation’s debt limit has economists and investors exploring options the White House might have.
U.S. Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups.
Max Baucus, chairman of the powerful Senate Finance Committee, will not seek re-election to a seventh term next year, according to a Democratic aide.
Sen. Max Baucus, (D-MT) has announced he will not run for re-election in 2014, reports CNBC's Eamon Javers.
Treasury Secretary Timothy Geithner's plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress.
President Obama on Friday signed a bill that brings U.S. trade relations with Russia into the 21st century but also ushers in a testy era in which the United States could publicly "name and shame" Russian human rights violators.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.