U.S. Government

  • 2015-04-30 14:11

    --Forced to Put Budget Resolution Before Appropriations Process
    --Gives Ex-Im Bank Nod of Support


  • 2015-04-30 10:22

    --Q1 GDP 'Disappointing'

    WASHINGTON (MNI) - Treasury Secretary Jack Lew, acknowledging the first quarter GDP report was "disappointing," Thursday joined the chorus of administration and Federal Reserve official pronouncements that the weakness was temporary.

    "The consensus among private forecasters is that our economy will expand at a healthy pace for the rest of the year," Lew said, in remarks opening a Treasury Department program showcasing women in finance-related careers cosponsored by Catalyst, the workplace development non-profit.

    "While growth in the first quarter of this year was disappointing, a number of temporary factors contributed to the sluggishness," he said, without elaboration.

    Lew did list the positives, saying the

  • 2015-04-29 17:04

    By Denny Gulino

    WASHINGTON (MNI) - Treasury Under Secretary Nathan Sheets, previewing the June Strategic and Economic Dialogue with China, Wednesday afternoon said exchange rate and interest rate reforms remain high on the agenda and an investment treaty, while not necessarily near being realized, remains a potential "game changer."

    The list of topics for this year's government-to-government engagement closely resembles last year's with an additional hope there will be more progress on the Bilateral Investment Treaty that was initiated two years ago at a Dialogue session.

    "Such an agreement could be a game changer in terms of unlocking new opportunities and leveling the playing field for U.S.

  • 2015-04-29 14:52

    By Denny Gulino

    WASHINGTON (MNI) - Three telephone calls from Treasury Secretary Jack Lew to Puerto Rico's top leaders this week have underlined the island's approaching many-layered crisis as some utility bonds face a summer default and island tax revenues fall short.

    Nevertheless some investors and at least one presidential aspirant are seeing a bright side for now, with bond yields hovering around double digits and, in the political sphere, Republican presidential primary delegates ready to be harvested.

    This week's enthusiastic island reception for Republican near-candidate Jeb Bush boosted the hopes for supporters of a change in status from commonwealth to statehood and reinforced what Bush hopes is his appeal to Hispanic voters and his campaign theme of immigration

  • 2015-04-29 12:13

    By Karen Mracek

    WASHINGTON (MNI) - Community bankers are pushing the White House to nominate another member to the Federal Reserve Board of Governors by Memorial Day, the head of the community bankers lobbying group said Wednesday.

    "Hopefully the White House will name a nominee prior to Memorial Day," Cam Fine, president and CEO of the Independent Community Bankers Association, said at press conference.

    The reason for the push is that Sen. Richard Shelby, chairman of the Senate Banking Committee, has said he is in "no hurry" to hold a confirmation hearing for Allan Landon, President Barack Obama's nominee for an open seat on the Federal Reserve Board, without another nominee.

    Shelby told MNI April 15, "Right now I'm not in a big hurry.

  • 2015-04-29 10:04

    WASHINGTON (MNI) - The following is the Securities and Exchange Commission proposal to be voted on at a meeting later Wednesday that could implement in 2016 the Dodd-Frank rules on all-inclusive executive compensation disclosures that would be required in proxy and other publicly-traded company statements, including a controversial "peer group" comparison - fuel for possible shareholder challenges.

  • 2015-04-28 15:38

    --Retransmitting Monday Story, Correcting 3rd Para Ref to First Use of


    WASHINGTON (MNI) - Treasury Secretary Jack Lew Monday signaled a softening of U.S. skepticism about China's new Asian Infrastructure Investment Bank while saying he sees increasing Republican support for an infrastructure spending program and perhaps in the months to come, even a one-time tax on repatriated earnings to pay for American highways, bridges and seaports.

    China's bank has attracted 57 founding member countries, including many U.S.

  • 2015-04-28 14:17

    --Reinforces Defense Alliance With Japan, Says Not Threat to China

    WASHINGTON (MNI) - President Barack Obama Tuesday sounded a bullish note on the odds that a wide-ranging trade agreement with Japan and 10 other Pacific Rim nations will survive a review by Congress when the time comes, and that the goal is not to halt China's growing influence.

    "This will end up being the most progressive trade bill in history, it will have the kinds of labor, environmental, and human rights protections that have been absent in previous agreements. It's going to be enforceable, it's going to open up markets that currently are not fully open to U.S.

  • 2015-04-28 14:05

    --US Sen.

  • 2015-04-28 10:00

    --Working to Finalize 'Most High Standard' Trade Agreement
    --Should Foster Peaceful Settlement of Maritime Disputes

    WASHINGTON (MNI) - The United States and Japan in a joint declaration Tuesday said the countries are working towards a rapid conclusion to a massive trade deal that includes 10 other Pacific Rim nations, noting significant progress already in discussions between Washington and Tokyo.

    The U.S.-Japan Joint Vision Statement, released at the start of a State visit by Prime Minister Shinzo Abe, said the United States and Japan are leading efforts to set the rules for trade and investment, both in the Asia-Pacific region and around the world.