Edition:
United Kingdom

Glenn Somerville

Guessing game begins over next Treasury chief

23 May 2012

WASHINGTON Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and spur a reluctant Europe into fixing its debt crisis.

Bernanke-even worthy borrowers can't get mortgages

10 May 2012

Banks have become so restrictive in making mortgages that many worthy home buyers are being frozen out of the U.S. housing market, and lending practices are not likely to loosen any time soon, Federal Reserve Chairman Ben Bernanke said on Thursday.

Bernanke: even worthy borrowers can't get mortgages

10 May 2012

Banks have become so restrictive in making mortgages that many worthy home buyers are being frozen out of the U.S. housing market, and lending practices are not likely to loosen any time soon, Federal Reserve Chairman Ben Bernanke said on Thursday.

U.S. sees China pushed to let market forces work

08 May 2012

WASHINGTON As China confronts the prospect of an aging population that will drive up wages, Beijing will be compelled to let market forces play a larger role in managing the economy, a senior U.S. Treasury Department official said on Tuesday.

U.S. sees China pushed to let market forces work

08 May 2012

WASHINGTON As China confronts the prospect of an aging population that will drive up wages, Beijing will be compelled to let market forces play a larger role in managing the economy, a senior U.S. Treasury Department official said on Tuesday.

Consumer credit jumps in March

07 May 2012

WASHINGTON Consumers went back to using their credit cards in March to keep spending while student and new-car loans shot up as the value of outstanding consumer credit jumped at the fastest rate since late 2001, data from the Federal Reserve showed on Monday.

Without reforms, U.S. retirees to face dwindling funds

24 Apr 2012

WASHINGTON Aging baby boomers got some jolting news on Monday when the U.S. government said the Social Security retirement program is on track to go bankrupt three years earlier than expected if reforms are not made.

Without reforms, U.S. retirees to face dwindling funds

23 Apr 2012

WASHINGTON Aging baby boomers got some jolting news on Monday when the U.S. government said the Social Security retirement program is on track to go bankrupt three years earlier than expected if reforms are not made.

Europe pressed for action to end debt crisis

23 Apr 2012

WASHINGTON Global finance chiefs pressed Europe in weekend talks to quickly put in place the economic reforms needed to finally extinguish its debt crisis now that newly increased financial buffers have bought some precious time.

Europe pressed for action to end debt crisis

22 Apr 2012

WASHINGTON Global finance chiefs pressed Europe in weekend talks to quickly put in place the economic reforms needed to finally extinguish its debt crisis now that newly increased financial buffers have bought some precious time.

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