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U.S. Treasury chief Lew asks ‘able’ countries to drive economic growth
US Treasury Secretary Jacob Lew urged countries with the “capacity” to help spur growth, after talks with his German counterpart here on Tuesday. Lew told a joint press conference with Wolfgang Schaeuble that the driver of economic growth would be consumer demand, adding “policies that will help drive consumer demand…
Geithner briefs Boehner on euro crisis
WASHINGTON — Amid fears the eurozone crisis may spill into US markets, Treasury Secretary Tim Geithner on Tuesday discussed the situation with Republican House Speaker John Boehner, the lawmaker’s spokesman said. Geithner briefed Boehner “on the European debt crisis and the potential impact on America,” said the speaker’s press secretary,…
GOP threatens to force America into default if Dems refuse major spending cuts
WASHINGTON – The grueling 2011 budget debate that brought the federal government to the brink of a shutdown might end up looking mild in the face of the next fiscal battle: the debt ceiling. That’s because Republicans are openly threatening to use the calamitous possibility of a U.S. default as…
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