President Barack Obama is close to choosing Mike Froman, currently the deputy national security adviser for international economics, as U.S. Trade Representative, according to two people familiar with the matter.
The top 1 percent of U.S. taxpayers would pay 67 percent of the higher taxes called for in 2023 under President Barack Obama’s budget proposal, according to an analysis released today by the nonpartisan Tax Policy Center in Washington.
Sugar Land, Texas, plans to pump $50 million into new parks around the city of 85,000, just the kind of project President Barack Obama wants to revitalize the U.S. economy by spurring investment in aging infrastructure.
Federal Reserve Chairman Ben S. Bernanke probably will be succeeded by Vice Chairman Janet Yellen when his term ends Jan. 31, according to a survey last week by International Strategy & Investment Group.
Federal Reserve Chairman Ben S. Bernanke said he’s “spoken to the president a bit” about his future and that he feels no personal responsibility to stay at the helm until the Fed winds down its unprecedented policies to stimulate the economy.
Swedish regulators should consider raising risk weights on mortgage assets above the 15 percent proposed last year to help the industry pad itself against potential losses, Riksbank Governor Stefan Ingves said.