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United States

David Lawder

Mnuchin reports movement on COVID-19 relief; House delays vote

Sep 30 2020

WASHINGTON U.S. Treasury Secretary Steven Mnuchin on Wednesday said talks with House Speaker Nancy Pelosi made progress on COVID-19 relief legislation, and the House of Representatives postponed a vote on a $2.2 trillion Democratic coronavirus plan to allow more time for a bipartisan deal to come together.

Money market turmoil in March shows past reforms may be insufficient - U.S. Treasury official

Sep 29 2020

WASHINGTON/BOSTON Turmoil in money market mutual funds sparked by the coronavirus pandemic shows that decade-old reforms to the $4.4 trillion industry may not be enough to avert major outflows during a future crisis, Deputy U.S. Treasury Secretary Justin Muzinich said on Tuesday.

Exclusive: World Bank seeks board approval for $12 billion coronavirus vaccine financing plan

Sep 29 2020

WASHINGTON World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months.

EXCLUSIVE-World Bank seeks board approval for $12 bln coronavirus vaccine financing plan

Sep 29 2020

WASHINGTON, Sept 29 World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months.

Explainer: The $4 trillion U.S. government relies on individual taxpayers

Sep 28 2020

WASHINGTON The U.S. government's over $4 trillion annual budget, the world's largest, relies heavily on individual wage earners whose taxes and retirement benefits are deducted from every paycheck, leaning particularly on the top 20% of income earners.

Biden would end trade war with EU, but focus on fixing imbalance in ag trade: adviser

Sep 22 2020

WASHINGTON Democrat Joe Biden would end the "artificial trade war" that U.S. President Donald Trump has waged against Europe, while working to address persistent imbalances in agricultural trade between the two blocs, a senior adviser said on Tuesday.

Coronavirus recession to push U.S. debt to nearly twice GDP by 2050 - CBO

Sep 22 2020

WASHINGTON The coronavirus pandemic will darken the U.S. long-term fiscal outlook for decades to come, the Congressional Budget Office said on Monday, releasing new forecasts that show federal government debt in 2050 will be nearly twice U.S. economic output.

Climate change since 2000 will cut U.S. growth over next 30 years - CBO

Sep 21 2020

WASHINGTON The effects of climate change since 2000 will slow U.S. economic growth slightly over the next 30 years, adding another drag on an economy that will struggle to rebound from the coronavirus pandemic, the Congressional Budget Office (CBO) said on Monday.

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