Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
NEW YORK U.S. Treasury prices gained on Monday as stocks tumbled and as investors waited on the conclusion of the Federal Reserve’s two-day meeting on Wednesday, where the U.S. central bank is widely expected to raise rates for the first time this year.
A committee of large banks tasked with helping U.S. derivatives markets move away from reliance on the London interbank offered rate (Libor) said on Monday that the benchmark rate underpins more derivatives and loans than previously thought, adding to the need to reduce its influence.
A recent surge in short-term bank funding costs is raising concerns that higher U.S. borrowing rates, if they persist, could tighten financial conditions, potentially reducing how aggressively the Federal Reserve may raise rates.
Short term bank borrowing costs have surged in recent weeks to levels last seen during the 2008 global financial crisis when there were concerns about credit quality, but analysts are linking rise in rates to the consequences of the tax cuts passed by the U.S. Congress in December.
NEW YORK U.S. Treasury yields fell from four-year highs on Monday after a rapid selloff in equity markets sparked demand for the low risk debt.
NEW YORK An industry group representing the privately traded derivatives markets may challenge new rules requiring that more capital be used to back the trades, arguing that the requirements place them at a disadvantage to trading futures contracts.
NEW YORK U.S. Treasury yields jumped to 10-month highs on Wednesday after Bloomberg News reported that Chinese officials have recommended the country slow or halt its purchases of the U.S. bonds. | Video
British sportscar maker Aston Martin is recalling around 5,500 vehicles in the United States due to problems with powertrains and battery cables, according to documents posted on the National Highway Traffic Safety Administration's (NHTSA) website.
NEW YORK The U.S. dollar rose on Friday as Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul, raising expectations that the bill would be passed by year-end.
NEW YORK The U.S. dollar gave up earlier gains on Thursday after two lawmakers were reported to seek changes to proposed legislation to overhaul the U.S. tax code in order to garner their support.