geithner
Geithner: U.S. Won't Devalue the Dollar to Boost Exports
7:30AM 10/19/2010
The U.S. will not weaken the dollar in order to boost its exports, Treasury Secretary Timothy Geithner promised. "It is not going to happen in this country," Geithner told Silicon Valley business leaders of devaluing the dollar.
Geithner Says U.S. Favors Significant Yuan Appreciation
9:03AM 10/13/2010
Treasury Secretary Timothy Geithner said the U.S. favors a "gradual, but still significant" appreciation of the yuan.
Geithner said the U.S. would prefer China let market forces drive up the value of the currency, The Wall Street Journal said. Geithner noted that the yuan had strengthened by...
TARP Draws to a Close Next Week, With Lower Costs Than Thought
9:07AM 10/01/2010
Company News, Economy, Investing, Fannie Mae, American International Group, Freddie Mac, Credit, Market News
After countless angry political speeches and the threat of economic collapse, the government's $700 billion bailout of banks, insurance companies and auto companies draws to a close Sunday - and it will likely cost only a fraction of what was expected.
It will be years before it is possible to...
China Warns Against Duties on Imports to U.S.
7:27AM 9/30/2010
A bill, passed by the U.S. House of Representatives Wednesday, would let U.S. companies petition for duties on Chinese imports -- a move that would hurt the global economy if it became law, the Chinese government said.
The Chinese yuan hit a post-revaluation high against the dollar Monday after the People's Bank of China set the yuan's reference rate for trading at its highest level since the central bank began publishing the daily fix in 1994. The yuan can rise or fall 0.5% each day from the reference point.
Boehner Calls on President Obama to Fire Geithner and Summers
8:48AM 8/24/2010
Blaming them for promoting "19 months of government-as-community organizer," House Minority Leader John Boehner is expected to call on President Barack Obama to fire Treasury chief Tim Geithner and economic adviser Lawrence Summers.
Geithner Slams Bush Policies, Calls for Tax Cuts to Lapse
7:22AM 8/05/2010
Treasury Secretary Timothy Geithner attacked the Bush administration's tax policies as "misguided," saying that renewing the Bush tax cuts for the highest-earning Americans would worsen the budget deficit.
Extending the cuts would force the government to borrow further and impede more effective...
Geithner Pledges Fast Financial Reform and Less Paperwork
9:45PM 8/02/2010
During a speech Monday, U.S. Treasury Secretary Timothy Geithner pledged a speedy implementation of the financial system overhaul. One of the first tasks on the list? Simplifying all the paperwork.
Speaking on two TV programs Sunday, Geithner said letting the tax cuts for those making $250,000 a year or more expire would demonstrate the country's commitment to controlling the deficit.
China Won't Let Yuan Float So Freely After All
8:50AM 7/08/2010
Last month, China said it would loosen the tight link between its currency, the yuan, and the U.S. dollar. It was a move welcomed by economists and world leaders who felt China was engaging in unfair currency manipulation. But on Wednesday, the government in Beijing backpedaled a bit.
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