Fed loans, account guarantees helped stabilize ‘deposit flows’ at regional banks, Treasury official says
WASHINGTON — The record-setting number of emergency loans that were made to banks this week by the Federal Reserve was…
Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures
WASHINGTON — Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed…
House conservatives issue new list of demands that could upend debt ceiling talks
WASHINGTON — A powerful bloc of U.S. House conservatives on Friday issued new demands that they said must be met…
European Central Bank hikes rates despite market mayhem, pledges support if needed
The European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is ready to…
Show me the money: The highest revenue raising taxes in Biden’s proposed budget
President Joe Biden released his 2024 budget plan Thursday that promises to cut the deficit by $3 trillion over the…
OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger
OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook…
Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
Moody’s Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting…
