Several U.S. policy makers consider JPMorgan Chase Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.
A ray of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, published his office’s report on the government bailout last year of the American International Group.
A deep-seated anxiety about how soon the Federal Reserve will raise rates has caused the widest chasm between short- and long-dated Treasury yields in 20 years.
Thursday, 19 Nov 2009 | Source: The Associated Press
U.S. Treasury Secretary Timothy Geithner said Thursday that no financial firm should be able to escape regulation, and the largest institutions need oversight from a single, strong regulator.
Thursday, 19 Nov 2009 | Posted By:
Steve Liesman | Source: CNBC.com
Treasury Secretary Tim Geithner, in testimony before the Joint Economic Committee Thursday, will argue that "recovery alone is not enough" and that Congress must pass comprehensive regulatory reform to ensure the strength and stability of the economy, according to an excerpt of the speech obtained by CNBC.
Proposed taxes on financial transactions face an uphill battle in the United States with powerful interests opposed and a lack of support among some key U.S. lawmakers.
Weaning the global economy off its reliance on U.S. consumers will help rebalance growth and support attempts to bring down unemployment, U.S. Treasury Secretary Timothy Geithner said Tuesday.
A top economic adviser to U.S. President Barack Obama warned on Friday that the urgency for changing the rules of the road for financial firms may be waning and urged Congress to act while the general public is focused on banking issues.
President Barack Obama has promised to broach the yuan's exchange rate when he visits China from Nov. 15-18, putting the spotlight on a controversial issue that has the potential to shake currency markets and diplomatic ties.
The U.S. government's $700 billion bailout program will "almost certainly" result in an overall loss for taxpayers, a key auditor for the program said on Thursday
The US government will likely borrow substantially less than initially anticipated as "significant repayments" from banks which received funds during the crisis are ahead, Treasury Secretary Timothy Geithner told CNBC Thursday.
U.S. Treasury Secretary Timothy Geithner said on Thursday a strong dollar was important for global stability and Asia was leading the global economic recovery.
U.S. Treasury Secretary Timothy Geithner said on Wednesday he believes strongly in the need to maintain a strong dollar and said the United States was determined to get its budget deficit down.
Monday, 9 Nov 2009 | Posted By:
Albert Bozzo | Source: CNBC.com
In some cases, the difference between a winner and loser is often in the eye of the beholder--who can be a victim or a beneficiary--or simply a political ideologue. That’s why we want readers to weigh in and vote on a variety of people and concepts. We’ll report back with results and rankings on December 1.
The US is not going to actively intervene to support the US dollar, but merely try to shape it's domestic policies to ensure a strong dollar... Read More
US Treasury Secretary Tim Geithner has been hitting the air waves and the editorial page during his trip to the APEC conference in Singapore... Read More