Significant drop in US budget deficit
The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of USD 483 billion, the lowest of Barack Obama's presidency, it said.
Jan 14, 2015, 10:28 AM IST
'Obama Administration to focus next 2 years on India-US trade ties'
Over the next two years, the Obama Administration would focus significantly on India-US economic and financial partnership and support the reform effort of the Indian government, a US official has said.
Dec 04, 2014, 09:13 AM IST
US Treasury chief urges Germany to boost growth
US Treasury Secretary Jacob Lew, in a meeting Wednesday with German Economy Minister Sigmar Gabriel, called on Germany to boost public spending to stimulate stuttering eurozone growth, the Treasury said.
Oct 23, 2014, 00:19 AM IST
US closes loopholes to curb corporate tax inversions
The Treasury said the new rules are applicable to any deals not yet closed, which could possibly lead to the derailing of some large takeovers.
Sep 23, 2014, 10:01 AM IST
