The ratings agency, which lowered the U.S. long-term rating from its top mark, said that debt-limit standoffs have eroded confidence in the nation’s fiscal management.
Category: Treasury Department
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Janet Yellen Calls for Accelerating Debt Relief for Poor Nations
Helping the world’s low-income countries will be a central topic as U.S. Treasury Secretary Janet Yellen and other G20 finance ministers gather in India.
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Treasury Taps Sanctions Architect to Lead Financial Crimes Team
Andrea Gacki has played a leading role in designing sanctions that the U.S. has imposed on Russia as punishment for its invasion of Ukraine.
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Looming U.S. Investment Restrictions on China Threaten Diplomatic Outreach
Any such restrictions are expected to anger Beijing and will be the first test of the new channels of communication that the world’s two largest economies are trying to restore.
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Janet Yellen’s Trip to China: 3 Takeaways
The U.S. Treasury secretary met with China’s new economic policy leaders and toned down Washington’s talk of “decoupling.” But the two nations remain at odds on many issues.
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Janet Yellen’s Trip to China: No Breakthroughs But 10 Hours of Talks
Treasury Secretary Janet Yellen, after 10 hours of meetings with Chinese officials, said the two sides would pursue “more frequent communication” despite their deep differences.
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A Former Insider on What’s Happening in China
Desmond Shum built a multibillion-dollar empire in the boom times, and says the economy is in far worse shape than outsiders realize.
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Yellen Faces a Diplomatic Test in Her High-Stakes Visit to China
The Treasury secretary will need to defend export controls and tariffs while explaining that the United States does not aim to harm China’s economy.
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White House Reportedly Weighs New A.I. Export Limits
Shares in the semiconductor giants Nvidia and AMD fell on a report that the Biden Administration is weighing new restrictions on A.I.-related exports.
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Chinese Firm Sent Large Shipments of Gunpowder to Russian Munitions Factory
The previously unreported shipments between a state-owned Chinese company and a Russian munitions factory last year raise new questions about Beijing’s role in Russia’s war against Ukraine.
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Energy Tax Credits, Meant to Help U.S. Suppliers, May Be Hard to Get
The Inflation Reduction Act contains tax breaks for solar and wind companies to buy American equipment. Qualifying won’t be easy.