By Martin Crutsinger,Yahoo Finance Foreign demand for long-term U.S. financial assets dropped by the largest amount in four months in May,as Japan and Russia trimmed their holdings of Treasury securities. The Treasury Department said Thursday that foreigners actually sold $19.8 billion more long-term U.S. securities than they purchased in May. That compared with [...] Theo Francis,Businessweek Don’t say they didn’t warn you.Barack Obama sponsored it when he was a senator. He campaigned on it,and voiced support for it after winning the presidency. Government officials said it was coming,more than once. And today,the Treasury released draft legislation for a “say on pay” measure,as well as [...] By LAWRENCE KUDLOW,Investors Business Daily There’s no question that current government policies for taxes,spending and regulation are causing the U.S. to lose competitiveness in the global race for capital,prosperity and growth. Of course,China has been moving in the direction of free-market capitalism for years. To some extent,[...] By MARTIN CRUTSINGER,Business Week Nine months into the fiscal year,the federal deficit has topped $1 trillion for the first time. The imbalance is intensifying fears about higher interest rates and inflation,and already pressuring the value of the dollar. There’s also concern about trying to reverse the deficit —[...] By Philip AldricK,UK Telegraph Sec Treasury Timothy Geithner doesn't have a clue In a 2003 paper,Thomas Laubach,the US Federal Reserve’s senior economist,calculated the impact on long-term interest rates of rising fiscal deficits and soaring national debt. Applying his assumptions to the recent spike in the US fiscal deficit [...] By J.C. Arenas,American Thinker Geithner was supposed to save the day? You be the judge? Timothy Geithner was portrayed as the indispensable man,but now no matter how much the media continue to flack for him,he’s still kissing the floor. The Treasury Secretary aimed to cure the ills [...] By Associated Press Geitner,the tax cheat in now the most important banker in the World The government may require new faces in executive suites at banks requiring “exceptional assistance”in the future,Treasury Secretary Timothy Geithner said Sunday. Critics of the Obama administration’s move last weekend to force out the [...] By Chris Adams,McClatchy Newspapers The massive programs designed to rescue the nation’s financial sector are operating without adequate oversight,with vague goals and limited disclosure of their details to the taxpayers who are paying for them,government watchdogs told a Senate panel Tuesday. The Troubled Asset Relief [...] By Ryan J. Donmoyer,Bloomberg Geitner has lost the faith of Wall Street and Main Street U.S. Treasury Secretary Timothy Geithner said some financial institutions will need substantial government aid,while warning against any attempt to tax investors who join a federal program to buy tainted assets from banks. | |
