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31 Mar 23
Staff cuts under former president Donald Trump’s leadership have hurt the US Treasury’s ability to oversee financial markets and the banking sector, the department’s top official has said.
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10 Mar 23
More than a third of British Columbia’s biggest public sector organisations do not have an ongoing process to identify and assess fraud risks, its regional auditor has warned.
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15 Feb 23
US president Joe Biden has appointed the vice-chair of the Federal Reserve as his new director of the National Economic Council.
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24 Jan 23
The US Treasury has renewed pledges to reform how it collects taxes and ensure the Inland Revenue Service can recover billions of dollars of unpaid taxes.
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17 Jan 23
The US Congress not raising the country’s debt ceiling could lead to “irreparable harm” to the US and the world economy if the government ended up defaulting, Treasury secretary Janet Yellen said.
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6 Jan 23
US president Joe Biden has hit back at claims the world’s largest economy is set for a recession this year, saying it was instead headed towards a “new plateau” of steady (albeit lower) growth.
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22 Dec 22
An emotional appeal by the Ukrainian president in the US secured more than $2bn in new aid for his country amid continued Russian aggression.
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20 Dec 22
North America’s two major economies will experience low growth and tight financing conditions as interest rates get pushed further upwards, analysts have said as they looked towards next year.
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1 Nov 22
Oil companies making vast profits because of high prices pushed up by the war in Ukraine could have to pay more tax if they do not lower their prices, US president Joe Biden has said.
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21 Oct 22
New York’s housing officials have been urged to offer tax breaks to ‘early adopters’ to meet Net Zero targets.
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27 Sep 22
A recent package of tax cuts announced by the UK government “doesn’t help” global economic uncertainty, a US Federal Reserve official has warned amid an overwhelmingly negative investor reaction.
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26 Sep 22
The US labour watchdog has identified more than $45bn of potentially fraudulent unemployment benefit claims during Covid-19 – almost triple initial forecasts.
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23 Sep 22
The US central bank has put interest rates up by another big jump, continuing its recent fast pace of increases as inflation continues to be far above its target level.
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9 Sep 22
Janet Yellen has stood by plans to correct a “two-tiered tax system” in the nation by taxing large companies and higher earners more, to fund new spending.
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25 Aug 22
US president Joe Biden will cancel up to $10,000 of many graduates’ federal student loans to help lighten an “unsustainable” burden on millions of working people.
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17 Aug 22
Joe Biden has hailed his flagship Inflation Reduction Act as a historic victory for the environment, US families and the country’s public finances.
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16 Aug 22
The Biden administration plans not to unfreeze billions of dollars of Afghanistan’s reserves held in US financial institutions, but insists it will find a way to use the money “for the benefit of the...
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4 Aug 22
Transatlantic slavery has left such long-lasting damage on Africa and Africans that the continent deserves an apology and financial reparations from the European powers responsible, according to...
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28 Jul 22
The US Federal Reserve has said interest rates could go up more slowly from now on, having just approved two 0.75 percentage point hikes in as many meetings in response to rampant inflation.
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15 Jul 22
A US Federal Reserve governor has stated his support for raising interest rates by 0.75 percentage points later this month, but did not rule out pushing for an even larger increase.
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16 Jun 22
The US Federal Reserve is set to hike lending rates by 0.75 percentage points to help tame runaway inflation, the largest single increase since the 1990s.
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14 Jun 22
The level of fraud or overpayments of unemployment benefits made by the US government soared by almost tenfold in 2021, according to the national spending watchdog.
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17 May 22
California is on track to record a budget surplus close to $100bn this year thanks to tax income far overshooting initial forecasts.
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13 May 22
Canada’s prime minister has defended the independence of the country’s central bank after the leadership frontrunner for the main opposition party promised to fire the bank’s governor if elected.
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9 May 22
Donald Trump’s $2trn package of tax cuts failed to deliver the promised increased investment in the US economy, a paper from the International Monetary Fund has found.
31 Mar 23Staff cuts under former president Donald Trump’s leadership have hurt the US Treasury’s ability to oversee financial markets and the banking sector, the department’s top official has said.
10 Mar 23More than a third of British Columbia’s biggest public sector organisations do not have an ongoing process to identify and assess fraud risks, its regional auditor has warned.
15 Feb 23US president Joe Biden has appointed the vice-chair of the Federal Reserve as his new director of the National Economic Council.
22 Dec 22An emotional appeal by the Ukrainian president in the US secured more than $2bn in new aid for his country amid continued Russian aggression.
20 Dec 22North America’s two major economies will experience low growth and tight financing conditions as interest rates get pushed further upwards, analysts have said as they looked towards next year.
21 Oct 22New York’s housing officials have been urged to offer tax breaks to ‘early adopters’ to meet Net Zero targets.
27 Sep 22A recent package of tax cuts announced by the UK government “doesn’t help” global economic uncertainty, a US Federal Reserve official has warned amid an overwhelmingly negative investor reaction.
26 Sep 22The US labour watchdog has identified more than $45bn of potentially fraudulent unemployment benefit claims during Covid-19 – almost triple initial forecasts.
23 Sep 22The US central bank has put interest rates up by another big jump, continuing its recent fast pace of increases as inflation continues to be far above its target level.
25 Aug 22US president Joe Biden will cancel up to $10,000 of many graduates’ federal student loans to help lighten an “unsustainable” burden on millions of working people.
16 Aug 22The Biden administration plans not to unfreeze billions of dollars of Afghanistan’s reserves held in US financial institutions, but insists it will find a way to use the money “for the benefit of the...
4 Aug 22Transatlantic slavery has left such long-lasting damage on Africa and Africans that the continent deserves an apology and financial reparations from the European powers responsible, according to...
14 Jun 22The level of fraud or overpayments of unemployment benefits made by the US government soared by almost tenfold in 2021, according to the national spending watchdog.
17 May 22California is on track to record a budget surplus close to $100bn this year thanks to tax income far overshooting initial forecasts.
13 May 22Canada’s prime minister has defended the independence of the country’s central bank after the leadership frontrunner for the main opposition party promised to fire the bank’s governor if elected.
9 May 22Donald Trump’s $2trn package of tax cuts failed to deliver the promised increased investment in the US economy, a paper from the International Monetary Fund has found.
