China, US trade negotiators resume talks in Beijing

Politics 03/28/19, 21:12

Trade negotiators from China and the U.S. are resuming talks to try to resolve their tariff dispute over China's technology ambitions. Representatives of both sides arrived Friday morning at a government guest house in western Beijing where they posed for photos but did not comment about the state of negotiations in ...

Treasury grants further relief on IRS withholding penalties

Business 03/22/19, 12:13

The Treasury Department announced Friday that it is expanding again the relief it grants taxpayers who had too little in income taxes withheld from their paychecks in the first year of a sweeping tax overhaul.Treasury said that taxpayers will be able to avoid penalties for paying too little in taxes ...

High-level US and China trade talks to resume next week

Business 03/19/19, 16:03

Top U.S. trade and economic officials will visit China late next week for another round of negotiations, a White House official said Tuesday. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will lead the delegation, Trump administration officials said. The sources spoke on background because they weren't authorized to ...

Mnuchin says he’ll protect Trump privacy if taxes requested

Politics 03/14/19, 10:50

Treasury Secretary Steven Mnuchin suggested Thursday he will protect President Donald Trump's privacy if he receives a request from House Democrats for Trump's tax returns. At a House Ways and Means Committee hearing, Mnuchin was asked whether he would meet a request for Trump's past tax returns. Chairman Rep. Richard Neal, ...

Mnuchin announces halt in payments into 2 retirement funds

Business 03/04/19, 18:38

Treasury Secretary Steven Mnuchin informed Congress on Monday that he will stop making payments into two government retirement funds now that the debt limit has gone back into effect.In a letter to congressional leaders, Mnuchin said that he would stop making investments into a civil service retirement fund and a ...

US Treasury takes first steps to avoid exceeding debt limit

Business 03/01/19, 15:40

The Treasury Department is taking the first steps to keep the government from exceeding the $22 trillion debt limit which goes back into effect on Saturday, setting off what will likely be months of battle in Congress on finding ways to avoid an unprecedented default on the national debt. Treasury said ...

Resumption of high-level US-China trade talks raises hopes

Business 02/21/19, 10:09

The U.S. and China resumed high-levels talks Thursday aimed at easing a trade standoff that has unnerved global investors and clouded the outlook for the world economy. The talks opened as a Chinese delegation led by Vice Premier Liu He sat down with a U.S. team led by Trade Representative Robert ...

China’s economy czar heading to Washington for trade talks

Business 02/19/19, 01:08

China's economy czar is heading to Washington for talks Thursday and Friday aimed at ending a fight over Beijing's technology ambitions ahead of a deadline for a massive U.S. tariff hike. The announcement Tuesday, carried by the official Xinhua News Agency, follows talks last week in Beijing that U.S. Trade Representative ...

Update: US announces sanctions against Maduro officials

America 02/15/19, 11:16

The latest on the political crisis in Venezuela (all times local): 12:10 p.m. The Trump administration has sanctioned Venezuela's oil chief and key intelligence officials under President Nicolas Maduro, tightening pressure on the embattled leader. U.S. Treasury Secretary Steven Mnuchin said Friday that PDVSA head Maj. Gen. Manuel Quevedo has been instrumental in ...

Trump says he might not raise tariffs on China if deal close

Politics 02/12/19, 13:26

President Donald Trump said Tuesday that he might let a March 2 deadline slide in trade talks with China if the two countries get close to a deal. The U.S. is scheduled to raise import taxes on $200 billion worth of Chinese goods March 2 if the U.S. and China can’t ...

Trump taps World Bank critic David Malpass to lead it

Politics 02/06/19, 14:38

President Donald Trump says Treasury Department official David Malpass is his choice to lead the World Bank. Trump introduced Malpass on Wednesday as the "right person to take on this incredibly important job." Malpass is a sharp critic of the 189-nation lending institution. Malpass says he's honored by the nomination. He says ...

Mnuchin says Powell and Trump had ‘productive’ meeting

Politics 02/06/19, 11:46

Treasury Secretary Steven Mnuchin said Wednesday that President Donald Trump had a "quite productive" dinner with Federal Reserve Chairman Jerome Powell. He says they discussed a wide range of subjects, from the state of the economy to the Super Bowl and Tiger Woods' golf game. Talking to reporters at the White ...

Mnuchin: No plans yet for US, China leaders to meet on trade

Politics 02/06/19, 09:37

Treasury Secretary Steven Mnuchin says there are no plans yet for President Donald Trump and Chinese President Xi Jinping to meet to finalize a trade deal. Trump has said no agreement will be final until he meets with his Chinese counterpart. Trump announced in his State of the Union address that he'll ...

House Dems want Treasury records on Russian sanctions move

Politics 01/29/19, 18:18

Three senior House Democrats have demanded Treasury Secretary Steven Mnuchin turn over documents that would show how his department decided to lift financial sanctions on three companies connected to Russian oligarch Oleg Deripaska. Reps. Adam Schiff, Maxine Waters and Eliot Engel told Mnuchin in a letter Tuesday they want a broad ...

US hits Venezuela state-owned oil company with sanctions

Business 01/28/19, 15:55

The Trump administration imposed sanctions Monday on the state-owned oil company of Venezuela, a potentially critical economic move aimed at increasing pressure on President Nicolas Maduro to cede power to the opposition. National security adviser John Bolton and Treasury Secretary Steven Mnuchin announced the measures against the company. They are also ...

Some in GOP split with White House on Russia sanctions

Politics 01/15/19, 19:44

Almost a dozen Senate Republicans broke with the White House Tuesday on Russia, voting to move forward on a resolution that would maintain sanctions on companies linked to oligarch Oleg Deripaska. The Democratic resolution would stop the Treasury Department from lifting penalties against the Russian aluminum manufacturing giant Rusal and two ...

White House names scaled-back delegation for Swiss forum

Business 01/15/19, 09:19

The White House has named the members of a scaled-back delegation that will represent the Trump administration next week at an annual economic conference in Switzerland. President Donald Trump had planned to attend the World Economic Forum in Davos, but canceled his trip because of the partial government shutdown. The White House ...

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