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Geithner not satisfied with China progress on yuan (AFP) (Sep-12, 21:18 EDT )-- AFP - US Treasury Secretary Timothy Geithner has said he is not satisfied with China's moves to loosen its grip on the yuan, ahead of an appearance before US lawmakers on ways to pressure Beijing.
Geithner says China has done "very little" on yuan: report (Reuters) (Sep-12, 19:03 EDT )-- Reuters - China has made "very, very little" progress on letting the exchange rate of the yuan reflect market forces, Treasury Secretary Timothy Geithner said in remarks published in the Wall Street Journal on Monday.
Treasury's Krueger hopeful for jobs: report (Reuters) (Sep-12, 18:55 EDT )-- Reuters - The United States' job market is recovering at a better rate than it did after its past two recessions despite high unemployment, a senior Treasury Department official was quoted as saying on Monday.
Obama adviser sees high jobless rate continuing (AFP) (Sep-12, 17:42 EDT )-- AFP - President Barack Obama's new top economist said Sunday he expects the US unemployment rate, which has edged up to 9.6 percent, to remain high for some time.
Boehner says he'd support a middle-class tax cut (AP) (Sep-12, 15:16 EDT )-- AP - House Minority Leader John Boehner says he would vote for President Obama's plan to extend tax cuts only for middle-class earners, not the wealthy, if that were the only option available to House Republicans.
Regulators meeting in Switzerland agree on new global rules to strengthen banks (Sep-12, 15:14 EDT )-- Regulators meeting in Basel, Switzerland, on Sunday agreed to take new steps to immunize the financial system from the sort of crisis that pushed the world into recession two years ago. Switzerland - Business - Financial Services - Banking...
US regulators endorse new bank capital standards (AP) (Sep-12, 14:48 EDT )-- AP - The Federal Reserve and other major U.S. banking regulators are calling new global bank capital standards a "significant step forward in reducing the incidence and severity of future financial crises."
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New global rules aim to strengthen banks (Sep-12, 14:03 EDT )-- BASEL, Switzerland -- Global financial regulators on Sunday agreed on new banking rules designed to strengthen bank finances and rein in excessive risk-taking to help prevent another crisis. Business - Central bank - United States - Financial...
Production of stimulus-aided car batteries revs up (AP) (Sep-12, 08:34 EDT )-- AP - The first wave of mass-produced advanced batteries funded by the Obama administration's economic recovery program are starting to roll off assembly lines, setting the stage for new hybrid and electric vehicles.
Congress to tread carefully in run-up to election (AP) (Sep-12, 08:29 EDT )-- AP - Congress returns this week with embattled Democrats torn between trying to show they have the economic answers and fearing the further wrath of voters over new government programs.
Obama adviser: Jobless rate likely to remain high (AP) (Sep-12, 07:46 EDT )-- AP - The new chairman of President Barack Obama's Council of Economic Advisers says Americans can expect to see the high unemployment rate continue for some time.
Doomsday warnings of US apocalypse gain ground (AFP) (Sep-11, 22:20 EDT )-- AFP - Economists peddling dire warnings that the world's number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here.
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