Further monetary action by the Fed may be warranted because of high unemployment rates and low inflation, said Federal Reserve Bank of New York President William Dudley during a speech Friday at the Society of American Business…
The government is close to announcing its plans to end the bailout of American International Group (AIG), returning the company to independence and recovering taxpayer funds.
The Treasury is planning to begin converting its $49 billion preferred stak…
International banking regulations agreed upon in Basel, Switzerland, last week will reduce the probability of a future financial meltdown, U.S. Treasury Secretary Timothy Geithner said before the House Financial Services Commit…
After the midterm elections in November, Summers is expected to relinquish his role as President Obama’s National Economic Council director and return to Harvard University.
Continue reading Larry Summers to St…
There have been some questions over the past few weeks about whether the General Motors IPO would include restrictions on money put into the shares from investors overseas. GM made it clear recently the the U.S. Treasury would …