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Trump to unveil tax reform, cut corporate rate to 15%

Trump to unveil tax reform, cut corporate rate to 15%

The Trump administration is poised to unveil its long-awaited tax reform plan Wednesday that will slash corporate taxes to 15 percent, in the "biggest tax cut" in US history.

JPMorgan CEO Jamie Dimon may be headed to US Treasury

JPMorgan Chase & Co Chief Executive Jamie Dimon may still be in the running to become U.S. Treasury secretary, Fox Business Network reporters said on Wednesday, casting a cloud of uncertainty over the nation`s largest bank.

UN unanimously adopts resolution targeting IS finances

The UN resolution adopted yesterday calls on governments to ensure they have adopted laws that make the financing of IS and of foreign fighters who join its ranks a serious criminal offence.

Lew asks US Congress to approve IMF quota reform

Lew asks US Congress to approve IMF quota reform

US Treasury Secretary Jack Lew has asked the Republican-controlled Congress to pass the IMF quota reform to give emerging markets a bigger say at the global lender.

US govt to run out of borrowed money on Nov 5: Treasury

US govt to run out of borrowed money on Nov 5: Treasury

On November 5, the Treasury would be left to fund the government with less than USD30 billion. This amount would be far short of net expenditures on certain days which can be as high as USD60 billion, Treasury Secretary Jacob Lew said in a letter to Congress.

US asks China to fast-track reforms, refrain from devaluation

As the world leaders expressed concern here over slowdown in China dragging down the global economic growth, the US Treasury Secretary Jacob Lew has told his Chinese counterpart to ensure that the currency is allowed to move freely as per market forces.

US tells China at G20 to avoid 'competitive devaluation'

US Treasury Secretary Jacob Lew on Friday told his Chinese counterpart at a G20 meeting in Ankara to avoid competitive devaluation and improve communication of Beijing`s economic policy.

Arun Jaitley to visit US; to meet Jacob Lew, foreign investors

Finance Minister Arun Jaitley will embark on a 10-day US visit beginning June 16 during which he will meet Treasury Secretary, foreign institutional investors and industry leaders.

US urges Greece debt negotiators to 'set aside rhetoric'

US Treasury Secretary Jacob Lew has urged all sides in Greece debt talks to focus on finding a solution to the crisis that risks pushing the eurozone country into default.

Geithner revisits US financial crisis in new book

Former US Treasury Secretary Timothy Geithner says he regrets not pushing for stronger financial safeguards ahead of the devastating 2008 crisis, according to reported excerpts of his new book.

US calls for ambitious G20 growth push

The United States called Tuesday on colleagues in the Group of 20 leading powers to boost growth to fight off short term economic risks, boost demand and generate jobs.

WEF 2014: Job creation our top priority, says US

Terming creation of jobs as one of the top priorities for the US, its Treasury Secretary Jacob Lew on Thursday said the government would not be satisfied until it provides jobs for everyone who is seeking employment.

Congress need to raise debt limit by late February: Lew

Treasury Secretary Jacob Lew has warned that the US could be on path of default if the Congress did not increase the nation's borrowing limit by late February.

'Angry Geithner once warned S&P about US downgrade'

Former US Treasury Secretary Timothy Geithner angrily warned the chairman of Standard & Poor`s parent that the rating agency would be held accountable for its 2011 decision to strip the United States of its coveted "triple-A" rating, a new court filing shows.

Prioritizing which US bills to pay would be 'chaos': Lew

The Obama administration said on Thursday that a looming US default would hit everyone from Social Security pensioners to bondholders and urged Congress to raise a cap on government borrowing to avoid a crisis.

Geithner still not interested in being Fed chair: Source

Former US Treasury Secretary Timothy Geithner is still not interested in being the next head the Federal Reserve, a source familiar with his thinking said on Sunday, after front-runner Lawrence Summers withdrew his name from consideration.

US treasury secretary meets FM; encourages India's reforms

Union Finance Minister P Chidambaram on Friday met US Treasury Secretary Jackob J Lew and discussed a hot of bilateral and global issues.

Immigration reform bill will pass: US treasury secretary

US Treasury Secretary Jacob Lew said that he was confident that immigration reform would be adopted, despite strong opposition from some Republicans.

US treasury secretary Jacob Lew to visit China

During the visit, Lew will meet Chinese leaders and hold talks with senior government officials, reported Xinhua.

Jack Lew sworn in as US Treasury Secretary

Lew will also serve as Chairman of Financial Stability Oversight Council (FSOC) and Chairman of the Boards and Managing Trustee of the Social Security and Medicare Trust Funds.