U.S. Treasury urges Congress to act on corporate tax dodge deals
(Reuters) – Calling for a new sense of “economic patriotism,” U.S. Treasury Secretary Jacob Lew urged Congress on Wednesday to take steps quickly to discourage U.S. companies from moving their tax domiciles abroad to avoid federal taxes.
Yellen defends Fed independence, faces House Republican criticism
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen defended the central bank’s independence on Wednesday at a U.S. congressional hearing, handling tough questions from Republican lawmakers who want to rein in the Fed’s authority.
Democrat holding lead in New Hampshire Senate race: poll
BOSTON (Reuters) – Incumbent Democratic U.S. Senator Jeanne Shaheen of New Hampshire is holding off a challenge from Republican Scott Brown, according to a poll released on Wednesday, although the former U.S. senator from Massachusetts is gaining groun…
Senate bill would punish executives who conceal product dangers
WASHINGTON (Reuters) – Two U.S. senators on Wednesday unveiled a bill prompted by the General Motors Co recalls over defective ignition switches that would make it a crime for corporate officers to conceal dangers posed by their products.
Yellen’s opening remarks to House panel identical to July 15 testimony
WASHINGTON (Reuters) – U.S. Federal Reserve Chair Janet Yellen’s testimony as prepared for delivery to the House of Representatives Financial Services Committee on Wednesday is a repeat of the remarks she delivered before the Senate Banking Committee a…
Senators urge Treasury to fix money fund tax concerns
WASHINGTON (Reuters) – A bipartisan group of U.S. senators is pressuring the Treasury Department to relieve money market fund investors from tax rules that will kick in if the Securities and Exchange Commission decides to force some funds to float thei…
Former New Mexico governor Anaya settles SEC fraud charges
(Reuters) – Former New Mexico governor Toney Anaya has settled U.S. Securities and Exchange Commission charges that he concealed from investors prior violations of law by two high-level officials at a water resources company he once ran, the regulator …
Treasury’s Lew: U.S. has deep interest in bringing China up to global standards
WASHINGTON (Reuters) – It is crucial to the United States that China be brought up to world standards for how it regulates and manages its economy, U.S. Treasury Secretary Jack Lew said on Wednesday.
Lew: cyberattacks aim to disrupt U.S. financial system
WASHINGTON (Reuters) – The hundreds of cyberattacks against U.S. banks and other institutions in recent years represent a targeted attempt to more broadly disrupt the U.S. financial system, Treasury Secretary Jack Lew said on Wednesday.
Campaign to break California into six states submits signatures
SACRAMENTO Calif. (Reuters) – The billionaire backer of a long-shot effort to break California into six separate states submitted signatures to state officials on Tuesday aimed at putting his proposal before voters in 2016.
