Timothy geithner

Stock index futures point to lower open

Stock markets pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.3 percent, while Dow Jones and Nasdaq 100 futures were each off 0.2 percent at 0848 GMT.

Treasury nets $25 billion profit on mortgage debt

The Treasury Department said on Monday it made a $25 billion profit on sales of mortgage-backed securities acquired during the financial crisis, part of its ongoing efforts to wind down taxpayer-financed bailout programs.

US, UK Agree To Emergency Oil Release

Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices from derailing economic growth in an election year.

G-20 to Europe: Show Us the Money

Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund.

G20 to Europe: Show Us the Money

Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout.

G-20 Inches Toward $2 Trillion in Rescue Funds for Euro Zone

Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent more fallout from the euro-zone's sovereign-debt crisis.

Euro-zone deal on firewall awaits Germany

Germany may not be ready to back an increase in the euro zone's bailout fund at a summit next week, delaying progress towards building up nearly $2 trillion in firepower to tackle fallout from Europe's sovereign debt crisis.

G-20 Deal on Euro Zone Will Not be Reached This Weekend

World economic powers at a Group of 20 gathering in Mexico City told Europe on Friday it would have to do more to fight its financial crisis before they agree to provide backup in the form of a bigger International Monetary Fund war chest.

U.S. Keeps Open Option of Using Strategic Oil Reserve

The Obama administration is weighing the circumstances that could warrant tapping the nation's strategic oil reserve, aware that supply disruptions from Iran could harm the global economy, Treasury Secretary Timothy Geithner said on Friday.

Obama Wants to Slash Corporate Tax Rate to 28%

Under a corporate-tax overhaul to be detailed Wednesday, U.S. companies would be forced to cede a number of loopholes and subsidies, while those with overseas operations could face a minimum tax on their foreign earnings.

Obama to Propose 28% Corporate Tax Rate

The Obama administration on Wednesday will propose cutting the top tax rate for corporations to 28 percent, and pay for it by eliminating dozens of tax loopholes companies now use to lower their rates, a senior administration official said.

IMF Should Back Greek Pact: Geithner

U.S. Treasury Secretary Tim Geithner said on Sunday the United States would encourage the International Monetary Fund to support an agreement on Greek economic reforms that had been agreed to by Greek leaders.

World Bank President? 5 Picks for Obama

President Barack Obama has the chance to change world economic development when he selects the next President of the World Bank, the outgrowth of World War II-era plans to use rich counties to spearhead economic growth.

Geithner: Tax Code Revamp Could Take Years

Treasury Secretary Tim Geithner on Tuesday said the Obama administration is close to presenting a set of principles to Congress to revamp the corporate tax code but that they will not be comprehensive and overhauling the tax code could take years.

Geithner: Tax code revamp could take years

Treasury Secretary Tim Geithner on Tuesday said the Obama administration is close to presenting a set of principles to Congress to revamp the corporate tax code but that they will not be comprehensive and overhauling the tax code could take years.

U.S. plan will end dozens of business tax breaks: Geithner

The Obama administration's corporate tax reform plan will end dozens and dozens of breaks, Treasury Secretary Timothy Geithner said on Tuesday as he defended the White House's election-year call for higher taxes from wealthy taxpayers.

Europe to America: Help!

A European finance minister, in Washington for a panel on global business and economics, sent up a flare to U.S. officials Monday afternoon, saying he hoped the U.S. would be more involved in playing a key role to solving the ongoing sovereign debt crisis in Europe.

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