Treasury Secretary Timothy Geithner says the US is willing to open up its markets to China if Beijing makes progress on issues that concern the United States.
Geithner expressed confidence in U.S. economy despite Europe's woes, slammed Mitt Romney's approach to China policy and dismissed as "remarkably hackish" a Romney adviser's critique of President Obama's tax policy.
Speaking to the IMF's governing committee after Group of 20 nations pledged more than $430 billion in new funds for the global lender, Geithner praised steps that Europe has taken but urged leaders to press on with needed reforms.
Fed Chairman Ben Bernanke said Europe's financial troubles have eased, but added the Fed would be ready to act if conditions worsened again, according to congressional testimony released late Tuesday.
U.S. Treasury Secretary Timothy Geithner said Europe was only at the initial stages of a long and difficult path toward fiscal sustainability and warned heavily indebted countries not to resort to draconian measures to fix their budgets.
The U.S. economy is growing again, but faces tough challenges that call for action to create jobs and foster expansion, U.S. Treasury Secretary Timothy Geithner said on Thursday.
Friday, 2 Mar 2012 | Posted By:
| Source: CNBC.com
U.S. Treasury Secretary Timothy Geithner should have done more to stop the financial crisis before it started, rather than try now to impose unnecessary reforms on the banking system, analyst Dick Bove said.
U.S. Treasury Secretary Timothy Geithner said on Sunday that Europe's actions so far to deal with its debt crisis have averted potential financial catastrophe but said it still must put up a sturdier firewall against contagion.
Friday, 24 Feb 2012 | Posted By:
| Source: CNBC.com
Lowering oil prices will require a long-term approach to exploration and production, though tapping domestic reserves is not out of the question, Treasury Secretary Timothy Geithner told CNBC.
U.S. Treasury Secretary Timothy Geithner on Thursday warned against easing up on efforts to set stronger rules for the financial sector and said key reforms are coming in 2012.
U.S. Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the U.S.'s economic upturn.
Monday, 16 Jan 2012 | Source: Christian Science Monitor
As Europe and the US tighten sanctions on Iran, China remains the largest buyer of Iranian oil and has played down economic sanctions as an effective way to influence Tehran. The CSM reports.
Top policymakers did not seriously consider the idea that problems in the housing market would bring a recession, newly released transcripts show. The New York Times reports.
Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed.... Read More
Allscripts shares plunge in a slew of bad news, Amazon shoots up of blowing out earnings, SBux matches but shares fall, Europe’s debt woes weigh on the market.... Read More