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.
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.
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.
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.
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.
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.
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.
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.