WASHINGTON – The U.S. Treasury Department and the U.S. Department of Education will continue working with tax preparers during the 2015 tax filing season to increase federal student loan borrowers’ awareness of income-driven repayment plans. This year, two of the largest tax preparers in the country, H&R Block and Intuit, Inc. are using their online […]
ECB’s Governing Council lifts current waiver of minimum credit rating requirements for marketable instruments issued or guaranteed by the Hellenic Republic Suspension is in line with existing Eurosystem rules, since it is currently not possible to assume a successful conclusion of the programme review Suspension has no impact on counterparty status of Greek financial institutions […]
When the President took office in 2009, financial markets were in a tailspin. The crisis left millions of Americans unemployed and resulted in trillions in lost wealth. America’s broken regulatory system was the principal cause of that crisis. To ensure financial stability for Americans and businesses, the President fought to reform Wall Street, ultimately signing […]
A simpler, fairer, and more efficient tax system is critical to achieving many of the President’s fiscal and economic goals. At a time when middle class and working parents remain anxious about how they will meet their families’ needs, the tax system does not do enough to reward hard work, support working families, or create […]
When the President took office in 2009, the economy was shrinking at its fastest rate in 50 years and shedding over 800,000 private sector jobs per month. The unemployment rate reached 10 percent that year, a level not seen in over 25 years. The housing market was in a free fall and the American manufacturing […]
The Federal Reserve today issued “Strategies for Improving the U.S. Payment System,” which presents a multi-faceted plan for collaborating with payment system stakeholders including large and small businesses, emerging payments firms, card networks, payment processors, consumers and financial institutions to enhance the speed, safety and efficiency of the U.S. payment system. “A safer, more efficient […]
Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources continues to diminish. Household […]
Reports of Africa’s economic demise have been greatly exaggerated. Yes, small pockets of insecurity exist and raise popular fears in the media, but the continent’s economy has never been more stable, diversified, linked, open, resilient and welcoming than it is now, at regional, national and local levels. Investors seek safe havens for their money to […]
Despite more pessimism at the World Economic Forum this year than last, central bankers and economic leaders were more upbeat about economic prospects for the year ahead. With the International Monetary Fund (IMF) forecasting 3.5% growth this year, panellists at a session on the global economic outlook pointed to the upside potential of the European […]
Davos-Klosters, Switzerland, – Political and business leaders from ASEAN member states told participants at the 45th World Economic Forum Annual Meeting that the ASEAN Economic Community, uniting 10 countries with over 600 million people in a common market, will be a reality by the end of 2015. “Some in the audience may not believe it, […]
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