High-level US and China trade talks to resume next week
WASHINGTON (AP) — Top U.S. trade and economic officials will visit China late next week for another round of negotiations, a White House official said Tuesday.
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin suggested Thursday he will protect President Donald Trump's privacy if he receives a request from House Democrats for Trump's tax...
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin informed Congress on Monday that he will stop making payments into two government retirement funds now that the debt limit has gone back into...
WASHINGTON (AP) — The Treasury Department is taking the first steps to keep the government from exceeding the $22 trillion debt limit which goes back into effect on Saturday, setting off what will...
US and China extend trade talks; Xi-Trump meeting may follow
WASHINGTON (AP) — U.S. and Chinese negotiators agreed Friday to extend high-level trade talks through the weekend, and President Donald Trump said he hoped to meet next month at his Florida resort...
Resumption of high-level US-China trade talks raises hopes
WASHINGTON (AP) — The U.S. and China resumed high-levels talks Thursday aimed at easing a trade standoff that has unnerved global investors and clouded the outlook for the world economy.
US, China resume trade talks in Washington ahead of deadline
WASHINGTON (AP) — The United States and China resume talks Tuesday aimed at ending a fight over Beijing's technology ambitions ahead of a deadline for a massive U.S. tariff hike.
The White House said that meetings between mid-level delegations will begin in Washington following talks last week in Beijing that U.S. Trade Representative Robert Lighthizer said "made headway" on key issues.
The Latest: US announces sanctions against Maduro officials
CARACAS, Venezuela (AP) — The latest on the political crisis in Venezuela (all times local):
The Trump administration has sanctioned Venezuela's oil chief and key intelligence officials under President Nicolas Maduro, tightening pressure on the embattled leader.
U.S. Treasury Secretary Steven Mnuchin said Friday that PDVSA head Maj. Gen. Manuel Quevedo has been instrumental in propping up what he called Maduro's illegitimate regime.
Trump says he might not raise tariffs on China if deal close
WASHINGTON (AP) — President Donald Trump said Tuesday that he might let a March 2 deadline slide in trade talks with China if the two countries get close to a deal.
The U.S. is scheduled to raise import taxes on $200 billion worth of Chinese goods March 2 if the U.S. and China can't resolve their differences.
Trump said he's not inclined to extend the deadline, but he might let it "slide for a little while" if talks go well. Earlier, the White House had called March 2 a "hard deadline."
Schumer announces fentanyl sanctions bill before China talks
WASHINGTON (AP) — The Senate's top Democrat is introducing legislation to "hold China accountable" and sanction laboratories and other traffickers who export fentanyl to the United States.
The bill, which will be introduced by Sen. Charles Schumer, of New York later this week, is likely to add to growing tension between the U.S. and China, days before Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will lead high-level trade talks in China.
Trump says no immediate plan to meet Chinese leader on trade
WASHINGTON (AP) — President Donald Trump says he does not expect to meet with Chinese President Xi Jinping (shee jihn-peeng) before a deadline to resolve a trade dispute.
Asked Thursday if he had a meeting set up with XI in the next month or so, Trump told reporters: "Not yet. Maybe." Pressed on whether he would meet him before the March 2 deadline, Trump said no and shook his head.
No plans yet for US, China presidents to meet on trade
WASHINGTON (AP) — There are no plans yet for President Donald Trump and Chinese President Xi Jinping to meet soon in hope of finalizing a trade deal, Treasury Secretary Steven Mnuchin said Wednesday.
Mnuchin and trade representative Robert Lighthizer are leading a team to Beijing next week to continue the talks, but nothing is yet on the books for a Trump-Xi meeting.
Trump introduces World Bank critic David Malpass to lead it
WASHINGTON (AP) — President Donald Trump on Wednesday introduced David Malpass, a Treasury official he has nominated to lead the World Bank, as the "right person to take on this incredibly important job."
Mnuchin says Powell and Trump had ‘productive’ meeting
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Wednesday that President Donald Trump had a "quite productive" dinner with Federal Reserve Chairman Jerome Powell, during which they discussed a wide range of subjects, from the state of the economy to the Super Bowl and Tiger Woods' golf game.
Trump and Fed chairman Powell discuss economy over dinner
WASHINGTON (AP) — The Federal Reserve says Chairman Jerome Powell had dinner at the White House with President Donald Trump on Monday, but the two men did not discuss the future course of interest rates.
The Fed says Trump and Powell were joined by Treasury Secretary Steven Mnuchin and Federal Reserve Vice Chairman Richard Clarida.
House Dems want Treasury records on Russian sanctions move
WASHINGTON (AP) — Three senior House Democrats have demanded Treasury Secretary Steven Mnuchin turn over documents that would show how his department decided to lift financial sanctions on three companies connected to Russian oligarch Oleg Deripaska.
AP Explains: US sanctions to hit Venezuelan oil company
NEW YORK (AP) — The Trump administration has imposed sanctions on Venezuela's state-owned oil company, Petroleos de Venezuela SA, its harshest economic punishment to date against the government of President Nicolas Maduro, whom the U.S. and other countries no longer recognize as the legitimate leader of the South American country.
Here's a look at how the measures might affect both the U.S. and Venezuela.
Mnuchin: Venezuela sanctions won’t hurt drivers
The Latest: US says sanctions shouldn’t affect gas prices
WASHINGTON (AP) — The Latest on U.S. sanctions on the state-owned oil company of Venezuela (all times local):
Treasury Secretary Steven Mnuchin says he doesn't expect U.S. consumers to see higher prices at the gas pumps as a result of new sanctions on Venezuela.
The Trump administration imposed sanctions Monday on the state-owned oil company of Venezuela. The move is aimed increasing pressure on President Nicolas Maduro to cede power to the opposition.
Groups press US House lawmaker to seek Trump’s tax returns
BOSTON (AP) — Liberal and Democratic-leaning advocacy groups are hoping to pressure U.S. House Ways and Means Committee Chairman Richard Neal to immediately begin the process of obtaining President Donald Trump's personal and business tax returns.
Treasury poised to ease sanctions tied to Russian oligarch
WASHINGTON (AP) — The Treasury Department appears set to lift sanctions on three companies connected to Russian oligarch Oleg Deripaska despite concerns from lawmakers in both parties who say the Trump administration should be tougher on Russian President Vladimir Putin and his allies.
Some in GOP split with White House on Russia sanctions
WASHINGTON (AP) — Almost a dozen Senate Republicans broke with the White House Tuesday on Russia, voting to move forward on a resolution that would maintain sanctions on companies linked to oligarch Oleg Deripaska.
Ivanka Trump to work on World Bank president search
WASHINGTON (AP) — The White House says Ivanka Trump will take part in the nomination process for a new head of the World Bank.
The senior adviser was asked to participate by Treasury Secretary Steven Mnuchin because she has worked with World Bank leaders on a variety of projects. The White House said she is not a contender for the post.
Jim Yong Kim, the current president of the World Bank, announced last week that he is resigning.
White House names scaled-back delegation for Swiss forum
WASHINGTON (AP) — The White House has named the members of a scaled-back delegation that will represent the Trump administration next week at an annual economic conference in Switzerland.
President Donald Trump had planned to attend the World Economic Forum in Davos, but canceled his trip because of the partial government shutdown.
Mnuchin: Next round of trade talks with China this month
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin says the next round of trade negotiations with China will likely occur later this month in Washington.
Mnuchin told reporters that Vice Premier Liu He was expected to lead a delegation to Washington "later in the month."
The Treasury secretary says that the partial government shutdown "would have no impact" on the efforts to reach a trade deal by March 1.
Democrats question Treasury chief on Russian oligarch
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin told lawmakers in a classified briefing Thursday that the Trump administration will keep strict U.S. sanctions on Oleg Deripaska and any companies he owns, but Democrats say they still have concerns that the government is being too soft on the Russian oligarch.
Treasury chief to brief House on Russia sanctions decision
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin (mih-NOO'-shin) will brief House members on his department's decision to ease sanctions on companies linked to Russian oligarch Oleg Deripaska.
The classified briefing Thursday for all members of the House was confirmed by House Speaker Nancy Pelosi's office. Seven Democratic chairmen of House committees have demanded answers about the Treasury Department's December announcement about the sanctions and asked Mnuchin for a briefing.
House Democrats demand briefing on Russia sanctions decision
WASHINGTON (AP) — The leaders of seven House committees are calling on Treasury Secretary Steven Mnuchin to explain why the United States is easing sanctions on companies linked to Russian oligarch Oleg Deripaska. It's one of the first moves of the new Democratic House to scrutinize President Donald Trump's actions related to Russia.
Trump: ‘I do’ have confidence Treasury Secretary Mnuchin
WASHINGTON (AP) — President Donald Trump says he has confidence in Treasury Secretary Steven Mnuchin (mih-NOO'-shin), calling him a "very talented guy" and a "very smart person."
Trump reiterated his view that the Federal Reserve is raising interest rates too fast, but called the independent agency's rate hikes a "form of safety" for an economy doing well.
Japan stocks plunge, other Asia markets fall after US losses
BEIJING (AP) — Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump's criticism of the U.S. central bank.
The Nikkei 225 fell by an unusually wide margin of 5 percent to 19,155.14. The Shanghai Composite Index ended off 0.9 percent at 2,504.82 after being down as much as 2.3 percent at midday. Benchmarks in Thailand and Taiwan also declined.
Japan stocks plunge, other Asia markets fall after US losses
BEIJING (AP) — Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump's attack on the U.S. central bank.
The Nikkei 225 fell by an unusually wide margin of 5.1 percent to 19,147.45 points. The Shanghai Composite Index lost 2.1 percent to 2,473.75. Benchmarks in Thailand and Taiwan also declined.
Markets in Hong Kong, Australia and South Korea were closed for Christmas.
Wells Fargo, Nissan skid while Mindbody, Newmont Mining rise
NEW YORK (AP) — Mindbody, up $14.11 to $35.83
The fitness software platform agreed to be bought by Vista Equity Partners for $1.9 billion.
Nissan, down 14 cents to $15.55
Nissan's board of directors rejected a meeting with French automaker Renault, which owns a minority stake in the company.
Wells Fargo, down $1.52 to $43.60
Wells Fargo was among the six large banks called by Treasury Secretary Steven Mnuchin to try to reassure markets following last week's plunge.
Treasury Secretary talks to bank CEOs amid Wall St. jitters
WASHINGTON (AP) — U.S. Treasury Secretary Steven Mnuchin called the CEOs of six major banks Sunday in an apparent attempt to reassure jittery financial markets coming off a turbulent week in the stock market that is now bracing for potential repercussions from a partial shutdown of the U.S. government.
Trump aide: White House, central bank tension not unusual
WASHINGTON (AP) — A White House official says tension between a president and the interest-rate setting Federal Reserve is "traditional as part of our system."
Acting chief of staff Mick Mulvaney says it should come as no surprise that President Donald Trump is unhappy the central bank, an independent agency, "is raising rates and we think driving down the value of the stock market."
Treasury secretary: Trump denied suggesting firing Fed chair
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin (mih-NOO'-shin) says President Donald Trump has denied ever suggesting firing Federal Reserve Chairman Jerome Powell.
Trump has been attacking the Fed — and Powell personally — for the central bank's interest rate increases. Trump blames the independent agency's hikes for recent stock market turmoil and signs of economic weakness.
Mnuchin says market’s negative reaction to Fed ‘overblown’
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday that the negative market reaction following the Federal Reserve's rate hike this week was "completely overblown."
Mnuchin said the market overreacted, with computerized program trading taking over and driving stock prices down further. In a Fox Business interview, Mnuchin said that he believed markets were disappointed in Powell's comments at a news conference following the meeting.
President Trump to attend economic forum in Switzerland
WASHINGTON (AP) — President Donald Trump will be attending the World Economic Forum next month in Davos, Switzerland.
White House press secretary Sarah Huckabee Sanders told reporters on Tuesday that Trump will be at the event, which will take place next month. The annual Davos event courts high-profile businesspeople and political figures, plus thinkers, artists, musicians, innovators and other elites.
Sanders says the U.S. delegation will be led by Treasury Secretary Steven Mnuchin.
China and US discuss plans for trade talks
BEIJING (AP) — China's economy czar and U.S. trade envoys discussed plans for talks on a tariff battle, the government said Tuesday, indicating that negotiations are going ahead despite tension over the arrest of a Chinese tech executive.
Global stocks buoyed by US-China trade talks
LONDON (AP) — Stock markets around the world spiked higher Tuesday after Wall Street rebounded amid hopes the U.S. and China are back negotiating over their trade dispute.
KEEPING SCORE: In Europe, Germany's DAX was up 2 percent to 10,831 while France's CAC 40 was up 2 percent at 4,837. Britain's FTSE 100 was up 1.7 percent at 6,834. Wall Street was set to open higher too, with Dow futures and the broader S&P 500 futures up 0.9 percent.
US sanctions 3 North Korean officials for human rights abuse
WASHINGTON (AP) — The Trump administration imposed sanctions Monday on three senior North Korean officials for human rights abuses in the isolated country.
U.S. officials said the sanctions are intended to call attention to "brutal" censorship and human rights abuses as well as the death last year of American captive Otto Warmbier.
Trump task force recommends ways to boost Postal Service
WASHINGTON (AP) — A task force created by President Donald Trump to evaluate ways to stem billions of dollars in losses at the U.S. Postal Service suggested a range of options Tuesday, including proposals that could significantly boost the cost of sending non-essential mail.
The report recommended that the Postal Service develop a new pricing model that would remove current price caps and charge market-based prices for mail and packages that were not deemed to be "essential postal services."
Global stocks give up chunk of US-China trade truce gains
LONDON (AP) — Global stock markets gave up Tuesday many of the gains they recorded in the previous session when a 90-day trade tariff truce between the U.S. and China shored up investor sentiment.
Mnuchin: ‘Real agreement’ with China in the works
Nicaragua’s first lady, aide added to US sanctions list
WASHINGTON (AP) — The Trump administration on Tuesday added the first lady of Nicaragua and one of her senior aides to a sanctions list as part of its effort to increase pressure on President Daniel Ortega's government for its violent response to a political crisis.
US sanctions firms in Iran, Russia for shipping oil to Syria
WASHINGTON (AP) — The Treasury Department on Tuesday added a network of Russian and Iranian companies to its blacklist for shipping oil to Syria in violation of sanctions.
The network helps fuel the Syrian war effort of President Bashar Assad while providing revenue for Iran's Islamic Revolutionary Guard Corps and the militant groups Hamas and Hezbollah, Treasury Secretary Steven Mnuchin said in announcing the sanctions.
Mnuchin announces sanctions against 9 individuals
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin announced Tuesday that the United States and six other Middle East countries are taking action to expose and disrupt terrorist activities being conducted by the Taliban and Iran to undermine the government of Afghanistan.
The Latest: Mnuchin meets with embattled Saudi crown prince
ISTANBUL (AP) — The latest on the fallout from the killing of Saudi journalist Jamal Khashoggi at the kingdom's consulate in Istanbul (all times local):
U.S. Treasury Secretary Steven Mnuchin has met with Saudi Arabia's embattled crown prince, Mohammed bin Salman. The meeting took place as the crown prince faces growing international criticism over the killing of Saudi writer Jamal Kashoggi at the kingdom's consulate in Istanbul.
Trump: Saudi arrests in Khashoggi death a ‘good first step’
LUKE AIR FORCE BASE, Ariz. (AP) — President Donald Trump on Friday called Saudi Arabia's announcement that suspects are in custody in the death of journalist Jamal Khashoggi a "good first step" and said he would work with Congress on a U.S. response.