by Xuan Lei | Apr 28, 2015 | Business & Tech, Transportation
WASHINGTON — Treasury Secretary Jack Lew and Transportation Secretary Anthony Foxx called on Congress Monday to address the Highway Trust Fund shortfall before money runs out in little over a month’s time. “It’s time for the country to take some bold steps forward,”...
by Xuan Lei | Apr 20, 2015 | Business & Tech
WASHINGTON — Former Federal Reserve Chairman Paul Volcker urged a massive overhaul of the financial regulatory oversight system on Monday, pressing for a simpler way to monitor markets and banks. “We urge Congress, the administration, existing regulatory agencies, and...
by Xuan Lei | Apr 15, 2015 | Business & Tech, Politics
WASHINGTON — Defending his tax plan on Wednesday, Republican presidential candidate Marco Rubio said an expanded child-care tax credit and reforms in the corporate tax code would energize the economy. The Florida senator’s plan would create a $2,500 child tax credit...
by Xuan Lei | Apr 14, 2015 | Business & Tech, Topics
BUENOS AIRES, Argentina — Alex Olivares, who just paid a morning visit to a supermarket near his place in the Palermo neighborhood of Buenos Aires, Argentina, had a bottle of milk in his hands. “You might have a bottle of milk at 12 pesos and the next week you would...
by Xuan Lei | Apr 3, 2015 | Business & Tech, Topics
WASHINGTON, April 3 — The China-backed Asian Infrastructure Investment Bank may be the latest sign that the largest holder of U.S. bonds is shifting away from holding American debt. “I think it is fair to say that the money will go into AIIB will be on the...
