Congress may finally be coming to Puerto Rico's rescue, but the measure may be too little, too late. » Read More
WASHINGTON— House Republicans are attempting to hold together a rare bipartisan deal to help Puerto Rico manage its crippling finances as a committee begins considering the legislation Wednesday. "We have a constitutional, political, and moral imperative to act," said House Natural Resources Committee Chairman Rob Bishop, the Utah Republican who has led...
KEEPING SCORE: Tokyo's Nikkei 225 index shed 0.5 percent to 16,657.72, while Australia's S&P/ASX 200 fell 0.1 percent to 5,344.40. Seoul's Kospi added 0.3 percent to 1,953.00 and benchmarks in Taiwan, Indonesia and the Philippines also advanced. ANALYST'S TAKE: Lew's message to Aso, the second time Washington has warned Tokyo against trying to intervene in...
AKIU, Japan— The Group of Seven major economies showed a united front on fighting terrorist financing and tax evasion in talks that ended Saturday, but shied away from coordinated action on policies to revive stalling growth. An "action plan" issued after the talks by G7 finance ministers and central bank governors at a hot springs hotel in northern Japan called...
AKIU, Japan— Having agreed to only tacit coordination of their varying strategies for boosting growth, financial leaders of the Group of Seven major economies turned Saturday to housekeeping issues such as terrorist financing, tax evasion and support for fighting pandemics. The meeting of finance ministers, central bank governors and other top economic...
SAN JUAN, Puerto Rico— After months of pleading from Puerto Rico's government, the U.S. Congress has agreed to help the territory restructure its massive public debt. But they stoked some anger Thursday in Puerto Rico, where people have endured a decade of a steadily worsening economy and many resent the uneven relationship with the U.S. mainland.
SENDAI, Japan— Japan faces a challenge in bridging a widening divide over how to revitalize sluggish growth in leading economies at a meeting of top financial officials that began Thursday with the group bashing in the lids of sake barrels. The talks will culminate with a statement for G-7 leaders, who are to meet in Ise, central Japan, next week.
WASHINGTON— In a breakthrough, House Republicans and Democrats have struck a deal with the White House on a deal to help rescue Puerto Rico from $70 billion in debt. House Speaker Paul Ryan, House Democratic Leader Nancy Pelosi and Treasury Secretary Jacob Lew all expressed support for the legislation Thursday, with Lew calling the bill "a fair, but tough...
It comes after lawmakers wrote to Treasury Secretary Jacob Lew in March to ask that the USDA be involved in the review so that the potential impact of the transaction on domestic food security could be better assessed. A USDA spokeswoman also declined to comment, citing the same reasons. While the USDA is not one of the agencies comprising CFIUS, there is...
Anti-slavery activist Harriet Tubman will replace Andrew Jackson on the twenty dollar bill while Alexander Hamilton remains on the $10 bill. CNBC's Eamon Javers provides reaction to the Treasury Department's currency move.
Treasury Secretary Jack Lew discusses currency changes that involve honoring important women and moments in American history.
Hamilton will stay on the $10 bill, according to a Politico report, explains CNBC's Eamon Javers.
The "Worldwide Exchange" crew discusses the morning's top attention-grabbing headlines, including a piece in the Wall Street Journal written by Treasury's Jack Lew about examining products and activities in the asset management industry.
U.S. lawmaker's race to pass a rescue bill to aid Puerto Rico has stalled as a perilous debt deadline approaches for the territory.
Japan's Finance Minister Taro Aso expressed deep concerns to U.S. Treasury Secretary Jack Lew over one-sided currency moves.
Japan and US agree on the importance of the G7 and G20 exchange-rate commitments.
CNBC's Seema Mody looks into the deals facing collapse with the new inversion rules laid out by the Treasury.
If new rules mean more transparency in the tax code, it's a welcome change, said Christine Lagarde, the IMF's managing director.
Treasury Secretary Jack Lew told CNBC: "Everyone who engages in business knows that it's subject to changes in law or in ruling."
Sara Eisen sits down with Treasury Secretary Jack Lew for an exclusive interview discussing the latest inversion rule, agenda during IMF world bank meeting, on Puerto Rico and the new $10 bill.
BlackRock CEO Larry Fink shares his thoughts on the Treasury's new tax inversion rules and tax reform.