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By Hans Nichols, Bloomberg |
January 9, 2013
President Barack Obama plans to name White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner.
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By Michael McFarlin |
January 8, 2013
Some pundits recently have advocated the Treasury Department mint special $1 trillion coins to side-step the looming debt ceiling fight. But would it work?
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By Mayumi Otsuma, Bloomberg |
January 8, 2013
Japan plans to use its foreign-exchange reserves to buy bonds issued by the European Stability Mechanism and euro-area sovereigns, as the nation seeks to weaken its currency, Finance Minister Taro Aso said.
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By Mike Dorning, Bloomberg |
January 4, 2013
Fresh from one budget fight, President Barack Obama and Congress are heading for an even bigger confrontation over raising the nation’s debt limit.
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By Richard Rubin, Roxana Tiron and James Rowley, Bloomberg |
January 2, 2013
The U.S. House passed a bill undoing income tax increases for more than 99 percent of households, giving a victory to President Barack Obama even as Republicans vowed to fight him in coming week.
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By John Detrixhe and Matt Robinson, Bloomberg |
December 17, 2012
The global bond market disagreed with Moody’s Investors Service and Standard & Poor’s more often than not this year when the companies told investors that governments were becoming safer or more risky.
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By Cheyenne Hopkins, Bloomberg |
December 13, 2012
Volcker rule opponents are making their case for alternatives to the proprietary trading ban at a U.S. House Financial Services Committee hearing as regulators move closer to completing work on the Dodd-Frank Act measure.
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By Dawn Kopecki, Bloomberg |
December 12, 2012
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the U.S. economy would thrive next year if lawmakers reach an agreement to avoid the so-called fiscal cliff of spending cuts and tax increases.
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By Howard Mustoe, Bloomberg |
December 11, 2012
HSBC Holdings Plc, Europe’s largest bank, agreed to pay $1.92 billion to settle U.S. probes of money laundering in the largest such accord ever.
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By Zachary Tracer, Bloomberg |
December 10, 2012
American International Group Inc.’s rescue is coming to an end more than four years after the U.S. took over the company to save the global economy
