WEF 2014: Job creation our top priority, says US

Last Updated: Thursday, January 23, 2014, 23:53

Terming creation of jobs as one of the top priorities for the US, its Treasury Secretary Jacob Lew on Thursday said the government would not be satisfied until it provides jobs for everyone who is seeking employment.

Congress need to raise debt limit by late February: Lew

Last Updated: Thursday, January 23, 2014, 16:00

Treasury Secretary Jacob Lew has warned that the US could be on path of default if the Congress did not increase the nation's borrowing limit by late February.

Jagdish Sharma among 19 convicted in fodder case

Last Updated: Wednesday, January 22, 2014, 21:05

A special CBI court on Wednesday convicted 19 fodder accused in the case pertaining to fraudulent withdrawal of Rs 1.16 crore from Godda treasury.

'Angry Geithner once warned S&P about US downgrade'

Last Updated: Wednesday, January 22, 2014, 09:58

Former US Treasury Secretary Timothy Geithner angrily warned the chairman of Standard & Poor`s parent that the rating agency would be held accountable for its 2011 decision to strip the United States of its coveted "triple-A" rating, a new court filing shows.

India hikes US govt securities holdings to $63.9 bn

Last Updated: Sunday, January 19, 2014, 17:01

India increased its holding of American government securities to USD 63.9 billion for the second straight month in November last year.

US treasury secretary to visit Europe next week

Last Updated: Tuesday, December 31, 2013, 05:32

US Treasury Secretary Jacob Lew is scheduled to travel to Europe next week for economic talks with top European officials, the Treasury Department announced Monday.

US can pay bills until early March: Treasury

Last Updated: Friday, December 20, 2013, 07:51

The United States will run out of money to pay its bills by early March if Congress does not raise the nation`s borrowing limit, Treasury Secretary Jacob Lew said Thursday.

India's holding in US government securities rises to $59.9 bn

Last Updated: Tuesday, December 17, 2013, 18:08

India increased its exposure to American government securities to USD 59.9 billion in October, the highest in four months, notwithstanding uncertainties in the world's largest economy.

US exits GM stake in $10 billon loss for taxpayers

Last Updated: Tuesday, December 10, 2013, 09:02

The US government sold its last shares of automaker General Motors Co on Monday, marking an end to a historic bailout of one of America's most storied companies.

J&K govt warns officials against exceeding budget provisions

Last Updated: Monday, November 25, 2013, 18:26

The Jammu and Kashmir government on Monday warned officials of disciplinary action if any department`s expenditure exceeded budgetary allocations and directed them to strictly observe Treasury Code and financial discipline.

US plans to exit GM stake by year-end, may lose $10 billion

Last Updated: Thursday, November 21, 2013, 22:18

The US Treasury Department said it expected to sell its remaining shares of General Motors Co by the end of the year, a plan that may leave taxpayers with a shortfall of about USD 10 billion on the automaker`s 2009 bailout.

World shares fall after Fed; euro down on ECB report

Last Updated: Thursday, November 21, 2013, 09:53

US stocks and gold retreated on Wednesday while U.S. Treasury yields shot higher after minutes from a Federal Reserve policy meeting in October suggested the U.S. central bank could begin to scale back its bond buying in the next few months.