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David Lawder

Lawyer Katherine Tai a Congress favorite for Biden trade czar

25 Nov 2020

WASHINGTON As President-elect Joe Biden builds his economic team in the coming days, some influential lawmakers are urging him to choose Katherine Tai, the Democratic trade counsel on the House of Representatives' Ways and Means Committee, as U.S. trade representative.

Lawyer Katherine Tai a Congress favorite for Biden trade czar

25 Nov 2020

WASHINGTON As President-elect Joe Biden builds his economic team in the coming days, some influential lawmakers are urging him to choose Katherine Tai, the Democratic trade counsel on the House of Representatives' Ways and Means Committee, as U.S. trade representative.

Biden to name Yellen to Treasury to lead U.S. from sharp economic downturn

24 Nov 2020

WILMINGTON, Del./WASHINGTON - President-elect Joe Biden is expected to nominate former Federal Reserve Chair Janet Yellen as U.S. Treasury secretary, breaking a 231-year gender barrier and putting a seasoned economist and labor market expert in charge of leading the country out of the steepest downturn since the Great Depression. | Video

Mnuchin clawback of Fed funds 'deeply irresponsible,' Biden team says

21 Nov 2020

WASHINGTON U.S. Treasury Secretary Steven Mnuchin's decision to de-fund several Federal Reserve coronavirus lending programs on Dec. 31 is "deeply irresponsible," President-elect Joe Biden's transition team said on Friday, and threatens to undermine the country's fragile economic state. | Video

Treasury's Fed funding clawback will not 'hamstring' new administration: official

21 Nov 2020

WASHINGTON U.S. Treasury Secretary Steven Mnuchin's decision to claw back funds from Federal Reserve coronavirus lending programs will not "hamstring" the next Treasury secretary because the move will leave nearly $600 billion in cash that could quickly aid workers and businesses, a senior Treasury official said on Friday.

UPDATE 1-Mnuchin says Main Street U.S. companies need grants, not loans

20 Nov 2020

WASHINGTON, Nov 20 U.S. Treasury Secretary Steven Mnuchin on Friday defended his decision to end several of the Federal Reserve's key pandemic lending programs on Dec. 31, saying Congress should use the money to help small U.S. companies with grants instead.

UPDATE 1-Western governments suspend talks on new export credit rules, citing divisions, transparency

19 Nov 2020

WASHINGTON, Nov 19 Eleven of 18 governments trying to negotiate new export credit rules said on Thursday they were suspending technical talks because of widely divergent positions among members and troubles with transparency.

Biden says U.S., allies need to set global trade rules to counter China's influence

17 Nov 2020

WASHINGTON U.S. President-elect Joe Biden said on Monday the United States needed to negotiate with allies to set global trading rules to counter China's growing influence but declined to say whether he would join a new China-backed Asian trade pact signed on Sunday.

Michigan to halt indoor dining, in-person high school, college for three weeks

16 Nov 2020

The U.S. state of Michigan will ban indoor dining and in-person high school and college for three weeks starting on Wednesday as coronavirus cases rise sharply, Michigan Governor Gretchen Whitmer said on Sunday. | Video

Michigan, Washington state impose severe COVID-19 restrictions as U.S. infections soar

16 Nov 2020

WASHINGTON Michigan and Washington state on Sunday imposed sweeping new restrictions on gatherings, including halting indoor restaurant service, to slow the spread of the coronavirus as total U.S. infections crossed the 11 million mark, just over a week after hitting 10 million. | Video

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