Dan Grebler
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Geithner to make fast China trip next week
Mar 25, 2011 15:48 EDT
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner will make a one-day trip to China next week to attend a Group of 20 seminar on reform of the international monetary system, the Treasury announced on Friday.
NY's Cuomo prepared to shut government over budget fight
Mar 23, 2011 15:30 EDT
ALBANY, New York (Reuters) - New York Governor Andrew Cuomo said on Wednesday he is prepared for a possible government shutdown if the state legislature fails to approve his budget proposals by the April 1 deadline.
David Winters still shines as buy'n'hold investor
Mar 22, 2011 16:38 EDT
NEW YORK (Reuters) - Some things hardly change for money manager David Winters.
Japan effects may run deeper than GDP
Mar 20, 2011 15:03 EDT
WASHINGTON (Reuters) - The global economic impact from Japan's earthquake and nuclear crisis may go beyond the modest GDP hit most number crunchers predict.
If QE2 is through, does Fed deflate balance sheet?
Mar 17, 2011 09:57 EDT
WASHINGTON (Reuters) - If it's QE2 and through, will the Federal Reserve soon start letting the air out of its balance sheet balloon as well?
States, cities face more rating cuts: Moody's
Mar 17, 2011 08:49 EDT
NEW YORK (Reuters) - U.S. states, cities, towns and other issuers of municipal debt likely will suffer more credit downgrades than upgrades in 2011, with the overall outlook negative for the third straight year, Moody's Investors Service said on Thursday.
States and cities face more rating cuts: Moody's
Mar 17, 2011 00:12 EDT
NEW YORK (Reuters) - U.S. states, cities, towns and other issuers of municipal debt likely will suffer more credit downgrades than upgrades in 2011, with the overall outlook negative for the third straight year, Moody's Investors Service said on Thursday.
Local officials plead to Senate not to cut grants
Mar 16, 2011 17:00 EDT
WASHINGTON (Reuters) - Cities and counties are pressing the Congress to drop proposals that would slash funding for an almost $4 billion federal grant program they say creates thousands of jobs.
Geithner says imperative to cut deficits
Mar 16, 2011 16:04 EDT
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday it is imperative that the United States cut its budget deficits, and he believes there is increasing bipartisan support in Congress to do so.
ICE: Mergers an unintended consequence of reforms
Mar 16, 2011 13:16 EDT
BOCA RATON, Fla (Reuters) - Mergers sweeping financial exchanges are in part an unintended consequence of global financial regulatory reforms, the head of IntercontinentalExchange Inc <ICE.N> said on Wednesday .
Watchdog says TARP helps perpetuate "Too big to fail"
Mar 16, 2011 11:57 EDT
WASHINGTON (Reuters) - The watchdog panel for the $700 billion bank bailout faulted the U.S. government for the last time on Wednesday, saying the program helped underpin the perception that federal authorities will always prevent troubled financial firms from failing.
Fed steady as trouble zones multiply
Mar 13, 2011 15:35 EDT
WASHINGTON (Reuters) - Earthquake in Japan. Unrest in the oil-producing Arab world. Sovereign-debt strains in Europe. Inflation in China.
U.S. to rebid $2.4 billion in Florida rail funds
Mar 11, 2011 18:23 EST
WASHINGTON (Reuters) - The Obama administration will rebid nearly $2.4 billion in high-speed rail grants recently rejected by Florida, one of three states to conclude "bullet train" projects are too expensive in a tough economy.
Illinois governor signs bill targeting Internet sales
Mar 10, 2011 18:01 EST
CHICAGO (Reuters) - Illinois Governor Pat Quinn signed a bill into law on Thursday aimed at expanding the collection of sales taxes on items bought over the Internet.
Geithner to meet Trichet and Schaeuble in Germany
Mar 07, 2011 12:24 EST
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner will meet with European Central Bank and German finance leaders on Tuesday ahead of a European Union summit that will consider bolstering a rescue fund for debt-strapped bloc members.
Food may eclipse oil as spending threat
Mar 07, 2011 00:20 EST
WASHINGTON (Reuters) - Food, not oil, may prove to be the bigger threat to global growth, with the pain falling disproportionately upon the developing economies that powered the latest economic recovery.
NY governor woos foes of his school and health cuts
Mar 04, 2011 18:16 EST
ALBANY, New York (Reuters) - New York Governor Andrew Cuomo is touting what his aides say is an unprecedented two-year budget proposal that would reverse course and increase state spending on education and Medicaid for the 2013 fiscal year.
Gas prices rise, as do savings for transit riders
Mar 04, 2011 17:55 EST
WASHINGTON (Reuters) - Gasoline prices are spiking and with them the savings for U.S. commuters who rely on public transportation, a transit group said on Friday.
Gas prices rise, as do savings for transit riders
Mar 04, 2011 17:55 EST
WASHINGTON (Reuters) - Gasoline prices are spiking and with them the savings for U.S. commuters who rely on public transportation, a transit group said on Friday.
Treasury to congressional panel: TARP worked
Mar 04, 2011 15:46 EST
WASHINGTON (Reuters) - The Treasury's man in charge of the government's $700 billion financial bailout program has two words for congressional overseers: It worked.