Talks between the U.S. and China next month will assess shifting fortunes of the world’s two largest economies, as America emerges from a slump and Asia’s main engine of growth confronts fresh challenges, the U.S. Treasury Department’s top international official said.
Andy Stern, the former head of the fastest-growing U.S. labor union and a close ally of President Barack Obama, said in an interview with Bloomberg Television’s “Conversations with Judy Woodruff,” to be broadcast this weekend, that he expects Obama to reverse his opposition to the easing of tax rules so companies with overseas profits will be encouraged to return the cash to the U.S. Stern is the former president of the Service Employees International Union.
Former Federal Reserve Chairman Alan Greenspan said in an interview with Bloomberg Television’s “Conversations With Judy Woodruff ,” airing today, that Congress should let former President George W. Bush’s 2001 tax cuts expire as scheduled at the end of this year.
Henry Paulson, who took Fannie Mae and Freddie Mac into federal conservatorship in 2008, said he’s worried that the companies’ return to profitability may be seen as reason to scrap an overhaul of U.S. mortgage finance.
Cass Sunstein, administrator of the Office of Information and Regulatory Affairs, talks about efforts by the Obama administration to remove unnecessary regulations and the administration's policy on regulation leading up to the U.S. presidential election.