The United States Treasury Department has issued sanctions against two officials it describes as "key leaders of North Korea's unlawful weapons programs".
Wed, 27 Dec, 2017
Republican tax negotiators are targeting a US corporate tax rate of 20%, much higher than President Donald Trump wants — setting up a key decision for the president on a top legislative priority.
Mon, 25 Sep, 2017
The US has slapped new sanctions on eight members of Venezuela's Supreme Court, accusing them of abusing power and damaging their nation's democratic fabric as the Trump administration raises concerns that socialist president Nicolas Maduro is moving toward one-party, authoritarian rule.
Fri, 19 May, 2017
The White House made its opening bid for what officials called the “biggest tax cut” in US history — with cuts that would benefit businesses, the middle class and certain high-earning individuals — but left unanswered questions about whether the plan would be paid for, or how.
Thu, 27 Apr, 2017
New York would release the state tax returns for Donald Trump and other New Yorkers holding high office under state legislation crafted by Democrats.
Wed, 26 Apr, 2017
President Donald Trump's tax plan will amount to "the biggest tax cut" and the "largest tax reform" in US history, according to Treasury Secretary Steve Mnuchin.
Wed, 26 Apr, 2017
The world's top economic powers have dropped a pledge to oppose trade protectionism amid pressure from the US.
Sat, 18 Mar, 2017
Finance Minister Michael Noonan will meet with senior International Monetary Fund and World Bank officials in California today to convince them to encourage US companies to continue investing in Ireland.
Tue, 15 Nov, 2016
Finance Minister Michael Noonan is expected to offer reassurances about the country's enduring appeal when he meets potential investors in the United States this week.
Mon, 14 Nov, 2016
A closer trading relationship with the United States could be possible as a result of Brexit, George Osborne indicated as he vowed to build a "global-facing Britain".
Mon, 11 Jul, 2016
Goldman Sachs is betting “Mr Market” is wrong in its recession warnings. While sliding stocks, declining long-term bond rates and higher credit yields are sounding the alert, the New York-based bank’s economics team, led by Jan Hatziusis, is more confident about the outlook for the developed world.
Tue, 09 Feb, 2016
Wed, 23 Dec, 2015
Former taoiseach Brian Cowen “already had a preference” for a “broad” bank guarantee before the infamous September 29, 2008, meeting which led to the multi-billion euro deal — and overruled then finance minister Brian Lenihan’s concerns.
Mon, 15 Jun, 2015
Germany, France and Italy plan to sign up for China’s Asian Infrastructure Investment Bank, joining the UK in a project that is raising concern in Washington.
Wed, 18 Mar, 2015
Medtronic, the Minnesota- based medical device maker that’s planning to take an Irish tax address, may become one of the biggest losers under rules announced today by the Obama administration.
Wed, 24 Sep, 2014
Bundesbank president Jens Weidmann has said the room that governments have to stimulate growth through fiscal policy is often more limited than commonly believed.
Mon, 22 Sep, 2014
President Barack Obama plans to go on the offensive against companies that use cross-borders mergers to escape US taxes, accusing them of essentially renouncing their citizenship to shield profits.
Fri, 25 Jul, 2014
Chancellor Angela Merkel’s government should raise infrastructure investments tenfold compared with a blueprint laid out in the 2014-17 budget plan to help euro-region members such as Italy, the International Monetary Fund said.
Tue, 22 Jul, 2014
German finance minister Wolfgang Schaeuble says he is tired of calls to sacrifice deficit reduction for economic growth, just as US Treasury secretary Jacob J Lew pressed Germany to boost domestic demand.
Thu, 10 Apr, 2014
Senate leaders took command of efforts to avert a US Treasury default and end the partial government shutdown last night after a last big effort by Republicans abruptly collapsed.
Wed, 16 Oct, 2013
Hopes are growing for a deal to head off a US government default and end a partial government shutdown after encouraging comments from the congressional leaders at the centre of the talks.
Tue, 15 Oct, 2013
Republicans in the US House of Representatives unveiled a plan yesterday that would avert a looming default, in a sign that lawmakers may end a standoff that has rattled markets and thrown the country’s future creditworthiness into question.
Fri, 11 Oct, 2013
Republicans are ready to offer the government a temporary debt limit extension, the leader of the US House of Representatives says.
Thu, 10 Oct, 2013
President Barack Obama turned up the political pressure on Republicans yesterday, saying he would be willing to negotiate on budget issues only after they agree to re-open the federal government and raise the debt limit with no conditions.
Wed, 09 Oct, 2013
The White House has signalled that it would be open to a short-term hike in the US debt limit as the United States moved a step closer to its first-ever default while a separate impasse, a partial government shutdown, entered its second week.
Mon, 07 Oct, 2013
The United States has moved closer to the possibility of the first-ever default on the government’s debt as Speaker John Boehner adamantly ruled out a House vote on a straightforward bill to boost the borrowing authority without concessions from President Barack Obama.
Mon, 07 Oct, 2013
Congress needs to pass a debt ceiling increase by Oct 17 or the US will default, said Treasury Secretary Jacob J Lew.
Mon, 07 Oct, 2013
Federal Reserve Bank of Boston president Eric Rosengren, a consistent backer of record stimulus who votes on policy this year, said the Fed refrained from tapering its bond purchases last month because growth was lower than forecast and fiscal policy posed a risk to the outlook.
Thu, 03 Oct, 2013
The US government may not be able to pay its bills from mid-October.
Tue, 27 Aug, 2013
President Barack Obama has said his nominee for Federal Reserve chairman will be someone who embraces the central bank’s dual mandate to promote price stability and maximum employment, and he has narrowed his choice “to some extraordinarily qualified candidates”.
Mon, 29 Jul, 2013
US President Barack Obama will today send Congress his 2014 budget, in an effort to achieve an elusive “grand bargain” to tame runaway deficits that have soared above 1 trillion dollars (€761bn) for each of the past four years.
Wed, 10 Apr, 2013
President Barack Obama was cutting short his holiday and returning to Washington today as a senior Democrat warned that the US appeared to be heading over the year-end “fiscal cliff” of higher taxes and deep spending cuts that could spin the still-fragile economy back into a recession.
Thu, 27 Dec, 2012
President Barack Obama and members of Congress prepared for one last try to avert across-the-board tax increases and spending cuts known as the fiscal cliff, as the US Treasury Department warned that it will begin taking action to prevent the government from hitting its debt limit.
Thu, 27 Dec, 2012
A congressional advisory panel is urging tighter screening of investment by Chinese state-owned companies in the United States, saying they present unfair competition to American firms.
Wed, 14 Nov, 2012
US Treasury Secretary Timothy Geithner today said financial reforms and other measures in response to the global crisis are yielding results, helping the American economy to grow at a pace better than there was reason to expect.
Thu, 11 Oct, 2012
Ireland had the fifth highest unemployment rate in the eurozone, as of the end of June, according to latest data from Eurostat, the EU’s statistical division.
Wed, 01 Aug, 2012
David Cameron will today join other world leaders in talks set to be dominated by the deepening crisis over the eurozone.
Sat, 19 May, 2012
Timothy Geithner said he will not serve President Barack Obama as Treasury Secretary in a second term.
Thu, 26 Jan, 2012
Taoiseach Enda Kenny heads to Davos in Switzerland today to attend the World Economic Forum, the annual gathering of political and business leaders.
Wed, 25 Jan, 2012
THE pressure on EU leaders to come up with a solution to the euro crisis increased yesterday with Standard and Poor’s threatening to downgrade the eurozone’s rescue fund and all six triple-A countries.
Wed, 07 Dec, 2011
The world’s major economic powers are pledging to launch a bold effort to deal with a chronic slowdown in growth and a European debt crisis that are threatening to push the global economy into another recession.
Fri, 23 Sep, 2011
SEVEN world leaders yesterday demanded Europe act more decisively to quell its debt crisis as a European Central Bank study warned that the entire euro currency project was now in peril.
Fri, 23 Sep, 2011
Greek media reports say the prime minister has cancelled his trip to the United States because of the gravity of his country’s financial crisis.
Sat, 17 Sep, 2011