The executive order signed by President Joe Biden regarding U.S. investments in Chinese companies has raised several questions about its implementation. Analysts believe that the 45-day public comment period provides an opportunity for U.S. investors to influence the final regulation. While the executive order sets the scope of the program, it is important to note …
U.S. Secretary of the Treasury Janet Yellen arrived at Johns Hopkins University’s School of Advanced International Studies (SAIS) in Washington, DC, on April 20, 2023, to deliver remarks. Anna Moneymaker | Getty Images News | Getty Images Treasury Secretary Janet Yellen commended the IRS for its new initiative, which she believes will contribute to a …
Treasury Secretary Janet Yellen critiques Fitch’s unwarranted downgrade of US credit rating after speaking at a House Committee on Financial Services Committee hearing on the state of the International Financial System at the US Capitol on June 13. (Photo by Bonnie Cash/UPI) Aug. 2 (UPI) — US Treasury Secretary Janet Yellen strongly criticized Fitch’s decision …
The frustrating paper-based processes that have long plagued both taxpayers and the Internal Revenue Service (IRS) may soon come to an end, providing much-needed relief. According to an announcement by the Treasury Department on Wednesday, the IRS aims to enable taxpayers to digitally submit all agency correspondence by 2024, aligning with the next tax filing …
Former Treasury Secretary Larry Summers criticized Fitch’s recent decision to downgrade the United States’ sovereign credit rating as “bizarre and inept.” Summers took to Twitter to express his disbelief at Fitch’s move, especially considering the positive state of the economy. Fitch cited the nation’s growing debt burden and political dysfunction as reasons for the downgrade, …
Ratings agency Fitch made a significant decision on Tuesday by downgrading the US government’s credit rating from AAA to AA+. The agency cited concerns over the expected fiscal deterioration in the next three years and the increasing general government debt burden. As a result of the downgrade, the value of the dollar declined. It’s worth …
Fitch Ratings has downgraded the United States’ “Long-Term Foreign-Currency Issuer Default Rating” from its top-ranked AAA to AA+ due to political wrangling over the debt ceiling, ongoing rate hikes, and increased deficit predictions. File photo by Kevin Dietsch/UPI | License Photo Aug. 1 (UPI) — U.S. stock futures opened lower Tuesday evening on news that …
The credit rating of the United States has been downgraded as a result of a standoff between the Biden administration and Congress. This has created uncertainty about the repayment of the country’s increasing national debt. Fitch, one of the three largest rating agencies in the world, has lowered the United States’ long-term foreign currency rating …
Republican presidential candidate Nikki Haley delivered a thought-provoking speech at the American Enterprise Institute in Washington, DC, where she emphasized the need for American companies to recognize China as a national security threat rather than just an economic competitor. Haley stressed the importance of addressing this issue immediately rather than delaying it for the future. …
Former U.S. Secretary of State Henry Kissinger played a key role in facilitating discussions between then-U.S. President Richard Nixon and China’s Mao Zedong, ultimately leading to the normalization of relations. Photograph: Medianews Group/los Angeles Daily News Via Getty Images | Medianews Group | Getty Images Veteran U.S. diplomat Henry Kissinger made a surprise visit to …