WASHINGTON, USA | XINHUA | U.S. House Speaker Nancy Pelosi said on Sunday that White House and congressional lawmakers must reach an agreement in 48 hours if they want to pass a new COVID-19 relief package before the presidential election in November. “The 48 only relates to if we want to get …
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WASHINGTON, USA | XINHUA | U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Thursday continued talks on the next COVID-19 relief package, but there are still major differences to be bridged in key areas. “Speaker Pelosi and Secretary Mnuchin spoke by phone today at 1 p.m. The …
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Abidjan, Ivory Coast | AFP | The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a US push for an outside probe into its chief, accused by whistleblowers of ethics breaches. US Treasury Secretary Steven Mnuchin says Washington is dissatisfied with the outcome of an internal …
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Abidjan, Ivory Coast | AFP | The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina. In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed “deep reservations” about the outcome of …
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Washington, United States | AFP | Two top US economic advisers on Sunday defended the need for an expeditious reopening of the economy even as the coronavirus reached into the White House despite the extraordinary precautions taken there. The comments by Treasury Secretary Steven Mnuchin and economic adviser Larry Kudlow came …
Read More »Washington, United States | AFP | The Trump administration on Monday sent out the first payments meant to help save airline jobs as the industry is ravaged by the effects of the coronavirus pandemic. The US Treasury sent the first $2.9 billion of the plan — agreed upon last week after …
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Washington, United States | AFP | US lawmakers worked deep into Tuesday night trying to seal a deal that buttresses the teetering economy by giving roughly $2 trillion to hospitals, businesses and ordinary Americans buckling under the strain of the coronavirus pandemic. But a full day of intense, protracted negotiating was …
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Washington, United States | AFP | US lawmakers urgently negotiating a $1 trillion emergency package to salvage an economy ravaged by the coronavirus missed a Republican-imposed deadline to reach an agreement by the end of Friday. Senate Republicans were seeking a rapid deal in order to hold a final vote Monday …
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Davos, Switzerland | AFP | US President Donald Trump relaunched a major trade offensive against Europe on Wednesday, threatening to hit the EU with damaging auto tariffs if Europeans failed to agree a long-delayed trade deal. With observers warning that global harmony on trade was crucial to the health of the …
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Washington, United States | AFP | US President Donald Trump lashed out at the World Bank on Friday, blaming the international financial institution for lending money to China. “Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they …
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