China will ultimately decide more yuan flexibility would benefit it, Treasury Secretary Timothy Geithner said on Tuesday as Beijing defended its currency policy and said any changes would be on its own terms.
(Reuters) - President Barack Obama on Thursday touted the immediate benefits small businesses will receive from his healthcare reforms, in his second speech this week promoting the sweeping plan to a skeptical public.
The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan.
The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan.
The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan. The president has spoken repeatedly and recently that China's currency must be market-based, White House spokesman Robert Gibbs told reporters.
With China on holiday there was no official response from Beijing to a weekend announcement that U.S. Treasury Secretary Timothy Geithner would postpone a report due out...
The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan.
A Chinese government economist said on Monday that the U.S. decision to delay a contentious currency report did not mean Beijing will change the value of its currency any time soon.
A Chinese central bank adviser said Beijing could ease pressure over the yuan by buying more from recession-hit U.S. states, but China had no official reaction on Monday to the Obama administration's delay of a contentious currency report.
The Obama administration expects U.S. job creation to quicken but economic recovery has a long way to go despite improved trends, White House officials said on Sunday.
The Obama administration expects job creation to accelerate and Congress to approve financial reform legislation, White House economic adviser Lawrence Summers said on Sunday.
U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.
The U.S. economy is on the path to achieving self-sustaining growth, although the jobs outlook remains uncertain, White House economic adviser Larry Summers said in a newspaper interview to be published on Saturday.
Treasury Secretary Timothy Geithner said on Friday the Obama administration wants to maximize the chances that China will quickly lift the value of its yuan currency and expressed confidence Beijing would decide doing so was in its interest.
President Barack Obama hailed new signs of an improving U.S. labor market on Friday as proof that we are beginning to turn the corner but warned it would still take time to achieve sustained job growth.
The Obama administration has not decided to delay a report that could brand China a currency manipulator and Chinese President Hu Jintao's upcoming visit does not affect the issue, the White House said on Friday.
U.S. employers created jobs in March at the fastest rate in three years as private firms stepped up hiring, the strongest signal yet that the economic recovery is on a solid footing and needs less government help.
The Obama administration will defer a decision on whether to name China a currency manipulator until well after President Hu Jintao visits Washington for a nuclear proliferation summit, the New York Times reported on Friday.
The Obama administration will defer a decision on whether to name China a currency manipulator until well after President Hu Jintao visits Washington for a nuclear proliferation summit, the New York Times reported on Friday.
U.S. non-farm payrolls, a key measure of the economy's health, rose in March for only the third time since recession struck in late 2007 as the private sector stepped up hiring at the fastest pace in almost 3 years.
U.S. non-farm payrolls, a key measure of the economy's health, probably rose in March for only the second time since recession struck in late 2007 as hiring for the 2010 U.S. Census added jobs.
U.S. non-farm payrolls, a key measure of the economy's health, probably rose in March for only the second time since recession struck in late 2007 as hiring for the 2010 U.S. Census added jobs.
Boeing Co said on Thursday that it was deeply disappointed that top rival EADS was trying to win more time to prepare a bid for the Pentagon's multibillion-dollar refueling aircraft contract.
