Trump budget calls for Wall Street regulators to face restructuring
WASHINGTON, May 22 Two Wall Street financial regulators would face cuts or major structural changes under President Donald Trump's fiscal 2018 budget proposal
WASHINGTON, Sept 29 The Federal Reserve could get benefits from buying assets other than long-term U.S. debt if in a future downturn it could not buy any more government bonds, Fed Chair Janet Yellen said on Thursday.
Referring to asset purchase stimulus programs in a video conference with a minority bankers meeting in Kansas City, Yellen said: "If we found, I think as other countries did, that they could reach the limits in terms of purchasing safe assets like longer-term government bonds, it could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions."
She added that buying equities and corporate bonds could have costs and benefits. (Reporting by Jason Lange and Lindsay Dunsmuir; Editing by Chizu Nomiyama)
WASHINGTON, May 22 The Trump administration's budget proposal would convert some of the United States' foreign military grants to loans, part of a larger effort to slash spending on diplomacy, aid and programs abroad by more than 29 percent, the White House said on Monday.
CHICAGO, May 22 The White House budget on Monday proposed $46.54 billion in cuts to federal government funding for the agriculture sector over the next 10 years.