Tag Archives: treasury

Economic recovery likely to be ‘bumpy,’ Yellen says

May 27, 2021 Comments Off on Economic recovery likely to be ‘bumpy,’ Yellen says

FILE - In this May 7, 2021 file photo, Treasury Secretary Janet Yellen speaks during a press briefing at the White House in Washington. The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year, bloated by the billions of dollars being spent in coronavirus relief packages. In its monthly budget report, the Treasury Department said Wednesday, May 12 that the shortfall so far this year is 30.3% higher than the $1.48 trillion deficit run up over the same period a year ago.(AP Photo/Patrick Semansky)

Treasury Secretary Janet Yellen says the economic recovery is going to be “bumpy,” with high inflation readings likely to last through the end of this year.

Tagged with: Economy recovery treasury

US proposes 15% minimum tax on global corporate profits

May 21, 2021 Comments Off on US proposes 15% minimum tax on global corporate profits

File-This Thursday, June 6, 2019, photo shows the U.S. Treasury Department building at dusk, in Washington. The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year's second quarter. Treasury officials announced Monday, Aug. 3, 2020, that the government also plans to borrow $1.22 trillion in the October-December period. (AP Photo/Patrick Semansky, File)

The U.S. Treasury Department said Thursday that it supports a global minimum corporate tax rate of at least 15% — below the 21% minimum it has been seeking to impose on the foreign profits of U.S.-based companies.

Tagged with: corporate taxes profits Taxes treasury

Maryland pensions see 10.6 percent return

July 16, 2013 Comments Off on Maryland pensions see 10.6 percent return

An improving stock market helped Maryland’s $40.25 billion pension system enjoy a 10.6 percent return on investment in fiscal 2013, the Maryland State Retirement Agency announced Tuesday.

Tagged with: Government maryland pensions treasurer nancy k. kopp treasury

Fed says growth pause temporary, keeps up stimulus

January 30, 2013 Comments Off on Fed says growth pause temporary, keeps up stimulus

WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy “paused” in recent months because of temporary factors and reaffirmed its commitment to try to stimulate growth by keeping borrowing cheap for the foreseeable future. The Fed took no ...

Tagged with: Economy fed federal reserve growth interest rate Recession treasury

JPMorgan told to fix controls tied to $6B loss

January 14, 2013 Comments Off on JPMorgan told to fix controls tied to $6B loss

WASHINGTON — JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion. Federal regulators are also citing the nation’s largest bank ...

Tagged with: Banks federal reserve Government jpmorgan regulations treasury

Fed minutes suggest new bond-buying plan is likely

November 14, 2012 Comments Off on Fed minutes suggest new bond-buying plan is likely

WASHINGTON — The Federal Reserve may be preparing to take further steps to stimulate an economy that remains too weak to reduce high unemployment. Minutes of the Fed’s Oct. 23-24 policy meeting, released Wednesday, suggest that it might unveil a ...

Tagged with: bonds Economy fed federal reserve growth treasury

China boosts holdings of Treasury debt to $1.15 trillion

September 18, 2012 Comments Off on China boosts holdings of Treasury debt to $1.15 trillion

WASHINGTON — Foreign demand for U.S. Treasury securities rose to a record level in July and China increased its holdings after two months of declines. The Treasury Department said Tuesday that total foreign holdings rose 0.7 percent in July to ...

Tagged with: China debt treasury treasury department washington

Fed’s bold steps aimed at hastening recovery

September 13, 2012 Comments Off on Fed’s bold steps aimed at hastening recovery

WASHINGTON — The Federal Reserve unleashed a series of bold and open-ended steps Thursday designed to stimulate the economy by boosting the stock market and making it cheaper for people to borrow and spend. The Fed said it will spend ...

Tagged with: bond purchases federal reserve growth inflation rates treasury Unemployment unemployment rate

Fed says U.S. economy has slowed, takes no new steps

August 1, 2012 Comments Off on Fed says U.S. economy has slowed, takes no new steps

WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to stimulate growth if the job market doesn’t show sustained improvement. The Fed took no new action after ...

Tagged with: chairman ben bernanke Economy federal reserve growth treasury united states

Bond rating agencies affirm Md.’s triple-A rating

July 19, 2012 1 Comment

ANNAPOLIS — Maryland’s treasurer says all three bond rating agencies have affirmed the state’s triple-A bond rating. Treasurer Nancy Kopp made the announcement on Thursday, as the ratings were made before an upcoming retail sale of general obligation bonds on ...

Tagged with: Banks bond maryland rating treasurer nancy k. kopp treasury triple A

Page 1 of 712 3 4 5 » ...Last »