U.S. Treasury News
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Updated 10 minutes ago
Central banks should be careful what they say about the future if they want flexibility to set monetary policy.
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Updated 37 minutes ago
Prime Minister Stephen Harper is seeking to counter opposition to TransCanada Corp.’s Keystone XL pipeline, a project crucial for boosting Canada’s economy and Harper’s plans to make the country an energy superpower to rival Saudi Arabia.
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Pacific Investment Management Co.’s Bill Gross said the end of the 30-year rally in U.S. bonds is unlikely to be reminiscent of the drop in 1994, when the Federal Reserve raised interest rates more than forecast.
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The U.S. Treasury’s top international official said that strengthening European demand is “the most important immediate imperative” for reviving global growth.
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A Senate panel approved the nomination of Thomas Perez to be labor secretary, advancing President Barack Obama’s pick to succeed Hilda Solis as the nation’s top labor-law enforcer to the full U.S. Senate where Republican opposition is building.
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The U.S. Treasury’s top international official said that strengthening European demand is “the most important immediate imperative” for reviving global growth.
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George Soros’s family office and Jana Partners LLC were among investment funds that reduced stakes in American International Group Inc. amid a rally after the insurer repaid its U.S. rescue.
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The U.S. Treasury Department suspended sales of securities to local and state governments, the first of several steps it can take to keep funding the government without breaching the nation’s debt limit.
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China retained its lead over Japan as the largest foreign creditor to America in March, U.S. Treasury Department data show.
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President Barack Obama and first lady Michelle Obama held total assets between $1.9 million and $6.9 million last year, with as much as $515,000 of it in JPMorgan Chase & Co checking accounts.
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