British Prime Minister Gordon Brown has told a meeting of G-20 finance ministers in London that there is no room for “economic complacency” despite signs of a nascent global recovery.
Brown: No room for ‘economic complacency’
Tag Archives: treasury
Geithner vs. the Regulators: A Time for Swearing
The expletive-laden rant Treasury Secretary Tim Geithner unleashed during a closed meeting with regulators on Friday, July 31, has players in Washington and on Wall Street wondering one thing: What got the usually mild-mannered Geithner so incensed? Establishing a new regulatory framework for the financial markets is not the kind of politically charged, life-or-death issue that should drive a normally discreet Cabinet member to go on a blue streak in front of dozens of officials. But Geithner and the Obama Administration have more at stake in getting reform pushed through Congress by the end of the year than it may seem.
U.S. puts sanctions on Iran-based company linked to N. Korea
The United States on Tuesday imposed financial sanctions on an Iran-based company that it said is a cover for North Korea’s missile proliferation network, the Department of the Treasury announced. The court’s unanimous, unsigned opinion declared that Franken “received the highest number of votes legally cast” and is entitled “to receive the certificate of election as United States senator from the state of Minnesota.” If the ruling brings an end to seven months of challenges by Coleman, Franken would become the 60th member of the Senate Democratic caucus, a move that gives the party a filibuster-proof majority in the chamber, at least on paper
Is California the State Closest to Economic Ruin?
Arnold Schwarzenegger may believe that he would be sitting in Barack Obama’s chair in the Oval Office if only he had been born a U.S. citizen
Elizabeth Warren: Riding Herd On a Bailout
Don’t let my politeness fool you,” says Elizabeth Warren. The Harvard Law professor and head of the congressional panel monitoring the bank bailout had just finished a hearing in New York City and was nibbling at a dish of pasta with zucchini.
Geithner’s Asia Background Shows During His China Trip
It wasn’t the size of the U.S. budget deficits — or how much Treasury debt China now buys — that made Tim Geithner blush in Beijing this morning
Cuba, U.S. to resume talks on migration, mail service
Cuba has agreed to resume talks with the United States over migration and mail service between the two countries, two senior State Department officials said. Geithner left Saturday for meetings in Beijing, where he’ll discuss ways to strengthen relations between China and the United States, according to the Treasury Department. China is one of America’s most important trading partners, and its economy is tightly intertwined with efforts to reverse the global downturn
Treasury chief to meet with Chinese leaders
Treasury Secretary Tim Geithner is set to meet with several high-ranking members of the Chinese leadership this week, marking the Obama administration’s first major overture to the powerhouse nation. Geithner left Saturday for meetings in Beijing, where he’ll discuss ways to strengthen relations between China and the United States, according to the Treasury Department. China is one of America’s most important trading partners, and its economy is tightly intertwined with efforts to reverse the global downturn
Stock Market: Why Are Financial Stocks Rallying?
Financial stocks — banks, brokers, asset managers — led the stock market down earlier this year, and almost left the stage as many shares sank into single digits. In recent weeks, however, the group has reversed course, rallying strongly, and even led the market to a robust gain on Monday, with the Dow rising 235 points.
Obama girds for Supreme Court fight
President Obama has started arming for the possibility of a major Supreme Court nomination battle, pulling a longtime Democratic power player into the White House to help run the confirmation process, senior administration officials told CNN. Stephanie Cutter is leaving the Treasury Department, where she has served as one of Secretary Timothy Geithner’s most senior advisers during the financial crisis, to be the point person for mobilizing public support for Obama’s pick to replace retiring Justice David Souter, three senior administration officials said. Administration officials say Obama is likely to name Souter’s replacement in late May or early June, before the president leaves for Egypt to deliver a speech to the Muslim world.