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News Wrap: U.S.-China trade talks conclude with no visible progress
In our news wrap Wednesday, U.S. and Chinese officials have concluded their latest trade talks without visible signs of progress. A Chinese Foreign Ministry spokeswoman called President Trump’s Tuesday accusations that China had reneged on trade promises “laughable.” Also, the…
Column: The Fed is lowering interest rates, but so are market forces
Is the Fed solely responsible for driving down interest rates? There's plenty of reason to think the answer is no.
U.S. Treasury projects it will borrow $433 billion this quarter
Market borrowing for this budget year is projected to total $1.27 trillion, a 6.5% increase from the 2018 budget year.
U.S. sanctions Venezuela President Maduro’s stepsons
The U.S. accused them of forming part of a sophisticated scheme that stole hundreds of millions in dollars from food import contracts.
A Treasury Department statement says the U.S. will no longer allow the group educational and cultural trips known as "people to people" travel to the island.
The move, which was expected, is sure to set in motion a legal battle over Trump's tax returns.
Steven Mnuchin said in a letter to House Ways and Means Chairman Richard Neal that he will give the panel a final decision by May 6. Neal says he will consult with the committee's lawyers on the next steps.
Mnuchin told House Ways and Means Committee Chairman Richard Neal, who made the request a week ago, that Treasury respects congressional oversight but needs more time to review the "unprecedented" request.
Secretary Mnuchin revealed that Treasury Department lawyers have talked to the White House counsel's office about the question of releasing President Donald Trump's returns, telling lawmakers that the consultations occurred before the request arrived last week.
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