Word: paulson
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...exports and violations of intellectual property law, have been circulating in the Senate for months. But since the recent health scares over toothpaste laced with antifreeze and tainted pet food from China, the anti-China sentiment on Capitol Hill has noticeably risen. So much so that Treasury Secretary Henry Paulson is about to head to China to raise "issues of concern to the U.S. Congress" with Chinese officials, including Chinese Premier Hu Jintao...
...wage bill. Rangel has said he has no interest in raising taxes on the middle class. He has cited as his top priority fixing the alternative minimum tax, which he argues unfairly burdens middle-class families. He has also led breakthrough negotiations on free trade with Treasury Secretary Henry Paulson and Trade Representative Susan Schwab that put in place labor and environmental protections as part of deals the Administration dearly wants to get through Congress. "Students of Congress knew that was exactly how [Rangel] would operate," said the Brookings Institution's Tom Mann...
...Americans have many virtues-we are a hardworking, innovative people-but we are also impatient.' HENRY PAULSON, U.S. Treasury Secretary, opening a two-day U.S.-China trade summit in Washington D.C. by warning that the talks needed to address "immediate concerns" such as the effects of China's trade surplus and its undervalued currency on the U.S. economy...
...with Harvard ties—Robert B. Zoellick, R. Glenn Hubbard, Ngozi Okonjo-Iweala ’77, and Baker Professor of Economics Martin S. Feldstein ’61—have garnered media speculation as candidates for the post, and Secretary of the Treasury Henry M. Paulson Jr., a graduate of the Business School, is heading up the search process. Wolfowitz announced he would resign earlier this month after a protracted scandal surrounding the promotion and compensation for his girlfriend Shaha Riza, formerly a senior communications officer at the bank. Zoellick, a Law School and Kennedy School...
...time being, at least, Beijing will continue to be a buyer of U.S. Treasury debt, helping keep interest rates low and the U.S. economy out of recession. But Paulson must know that the current trade relationship with China is seriously out of whack, and that something needs to give on the currency front sooner rather than later. He will no doubt try his best to persuade China that it is in its own interest to move faster - much faster - on the currency front this week. Whether China will listen is another matter...