Yellen Again Or Gary Cohn
As President Donald Trump looks to put his stamp on the Federal Reserve, an unexpected frontrunner has emerged to lead the US central bank: current Fed Chair Janet Yellen. Trump, in an interview...
Tag: Treasury Secretary
US Hails Indictment of Russian In Bitcoin Laundering
US officials Thursday hailed the arrest and indictment of a Russian accused of laundering billions of dollars through a Bitcoin exchange he operated. Treasury Secretary Steven Mnuchin said cracking...
US Republicans Abandon Border Adjustment Tax Proposal
The White House on Thursday abandoned a proposal to create a border adjustment tax which it had touted as a way of dealing with unfair competition from imports, but was strongly opposed by US...
IS Falling ‘very Fast’
The Islamic State group is falling "very fast," US President Donald Trump said Thursday as he visited the Pentagon for a military strategy meeting. "We're doing very well against ISIS. ISIS is...
US Says Must Have More ‘fair, Reciprocal’ Trade With China
The US launched its first round of trade talks with China since Donald Trump took office in an unusually blunt manner Wednesday, demanding more "fair, equitable and reciprocal" relationship, with...
US Seeks To Smooth Trade Relations With China In Talks
After riding a wave of anti-trade feeling to the White House, the Trump administration is taking a more traditional approach to resolving issues with China: a formal structure of talks that makes...
Trump To Nominate Financier To Role of Banking Regulator
US President Donald Trump intends to nominate Randal Quarles, a former Treasury Department official, to a role as the country's top banks regulator, the White House said Monday. Quarles, who is...
Trump Son Met Russian To Get Dirt On Clinton
Donald Trump's eldest son on Monday admitted meeting a Russian lawyer to get dirt on his father's 2016 rival Hillary Clinton, thrusting the White House deep into another Russia-related scandal. Trump...
Trump Son Admits Meeting Russian For Dirt On Clinton
Donald Trump's eldest son on Monday admitted meeting a Russian lawyer to get dirt on his father's 2016 rival Hillary Clinton, thrusting the White House deep into another Russia-related scandal. Trump...
Trump Bullish On ‘blazing’ Economy But Whose Recovery Is It?
As he rubs shoulders with leaders of the world's other major economies, Donald Trump is in a bullish mood about the US recovery even if there are clouds on the horizon. "Stock Market at all time...
Are US Banks Regaining Their Appetite For Acquisitions?
News that JPMorgan Chase considered bidding for British payment company Worldpay signals that big US banks could be shifting back into acquisition mode after nearly a decade playing defense....
Trump Warns N Korea ‘patience Is Over’
US President Donald Trump says that years of “strategic patience” with North Korea have failed and it is now time for a “determined response”. “Together we are facing the threat of the...
US Sanctions Chinese Bank For Laundering N.Korean Cash
The United States slapped unprecedented sanctions Thursday on a Chinese bank accused of laundering North Korean cash after President Donald Trump said Beijing's efforts to put the brakes on...
Oil Giants Endorse Carbon Tax After Trump’s Paris Exit
Major oil producers, including for the first time ExxonMobil, expressed support on Tuesday for a new US carbon tax, which could help cut emissions despite President Donald Trump's decision to...
Hopes of ‘Trump-O-Nomics’ Vs Slow-Growth Reality
President Donald Trump's economic and tax agenda assume growth in the world's largest economy will see a sustained rebound to double the current rate. But analysts are casting doubt on that goal...
Lawmakers Seek Details of Trump-Deutsche Bank-Russia Ties
US lawmakers have demanded documents from German banking giant Deutsche Bank detailing its ties with President Donald Trump and his dealings with Russia. It was the latest twist in the high-stakes...
Trump Budget Calls For Deep Cuts To Social Safety Net
The White House on Tuesday delivered to Congress a proposed budget for 2018 that would make deep cuts in programs for the poor as well as diplomacy and foreign aid, while boosting defense spending...
US Treasury’s Mnuchin Opposes Breakup of Banks
The Trump administration does not support a return to the Depression-era rule requiring a separation of retail and investment banking, Treasury Secretary Steven Mnuchin said Thursday. It would be "a...
Ex Fed Chief Bernanke Says 3% US Growth Unlikely
The former head of the US Federal Reserve on Monday cast doubt on the Trump administration promise to expand the economy by three percent to create jobs and room for tax cuts. "On a sustained basis,...
US Growth Rate Hits Three-Year Low
The US economy slowed dramatically in the first three months of the year, according to official data. GDP expanded at an annual rate of 0.7% in the first quarter - the slowest rate since the first...