In order to take a break from government service, U.S. Treasury Secretary Timothy Geithner is considering leaving his post after President Barack Obama and Congress reach an agreement on raising the national debt ceiling.
If President Barack Obama was hoping that his scolding of Republican lawmakers on Wednesday would spur action to the stalled debt talks, the GOP response made clear that the gulf between the two sides is larger than ever.
President Barack Obama, in his Wednesday news conference, did not mince words regarding Congressional Republicans' position on the debt ceiling.
The United States has officially declared its endorsement of France’s finance minister Christine Lagarde to be the next chief of the International Monetary Fund (IMF), virtually guaranteeing she will becomes its boss when its board meets next week.
If your adjusted gross income is under $250,000, you may get a reprieve, if the Obama administration's latest deficit reduction proposal becomes law after debt ceiling talks have concluded. The administration is now said-to-be seeking to increase taxes on a narrow slice of the mega-rich, such as owners of private jets.
It's been said that Congress doesn't react unless American voters compel it to do so. Well, U.S. Treasury Secretary Timothy Geithner is imploring Congress to 'get ahead of the curve,' on the budget deficit / debt ceiling issue, as the consequences of not acting could be enormous: it would leave the U.S. vulnerable to rising interest rates, if the Greece debt situation triggers another financial contagion.
Solutions to fix the mess the U.S. housing finance system are months if not years away, but U.S. Treasury Secretary Timothy Geithner will likely reiterate his view to Congress on Wednesday that the United States must make that system more efficient, resilient and less complex.
Congresswoman Mary Bono Mack, R-CA, said Friday she would vote against raising the U.S. debt ceiling, saying it was wrong for the nation to continue piling on debt.
The amount is half what Republicans have demanded, but progress is being made
The next chief of the International Monetary Fund (IMF) will likely be one of two candidates, France Finance Minister Christine Lagarde (who has officially announced her interest in the job) and Mexico’s central bank governor Agustin Carstens, who is also lobbying for the sought-after position.
Aren't you at all curious about who's behind this lynching by media scam? This is an all-out, no-holds-barred, steel-cage, take-down. The big boys save that kind of action for the worst offenders, that is, for the insiders who have broken Omerta or wandered off the reservation. Even Bernie Madoff was allowed to stay in his $7 million Park Avenue penthouse.
The U.S. national debt hit $14.3 trillion, reaching its legal borrowing limit on Monday.
Cornel West, the Princeton Professor who strongly supported President Barack Obama on the campaign trail in 2008, has already previously expressed his disillusionment with what he says is the Obama administration's neglect of the poor and working class people in the United States while supporting the leaders of the nation's financial system.
Jailed IMF chief Dominique Strauss-Kahn is not in a position to run the International Monetary Fund, said Timothy Geithner, US Treasury Secretary.
U.S. Treasury Secretary Timothy Geithner sent the following letter on May 16, 2011 as the U.S. hit its legal debt limit.
The threat that the U.S. federal government won’t be able to pay all of its bills by its already extended Aug. 2 looms large, but Treasury Secretary Timothy Geithner has another warning: If the nation’s $14.3 trillion debt ceiling isn’t raised, seniors reliant on Social Security and Medicare are to be worried about.
China and the United States reached agreement to collaborate closely in the Asia-Pacific region after a two-day strategic and economic dialogue in Washington D.C. on Tuesday.
U.S. and Chinese officials in Washington on Monday laid out differences on human rights in China, U.S. exports on high technology products, and China's exchange rate as they held ongoing talks to resolve strategic and economic issues.
Senate Majority Leader Harry Reid - who is strongly against a budget proposal that will change the Medicare health care program for seniors to reduce costs - said Wednesday that he would test Republican senators commitment to the proposal by holding a vote.
This week’s Federal Open Market Committee (FOMC) meeting should not interrupt the recent positive performance of the US financial markets.
House Speaker John Boehner said on Monday that 'there's a chance' a vote to raise the debt limit beyond $14.3 trillion may not happen if President Barack Obama 'doesn't get serious' about handling the nation's fiscal problems.
Rep. Ron Paul R-TX, will announce Tuesday he is formally exploring the possibility of running for the U.S. presidency in 2012 and says Washington's leaders are not realistically trying to pay down the United States' $14.3 trillion debt.
