Treasury chief feeling good about economy
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U.S. Treasury Secretary Henry Paulson on Sunday said he feels good about the U.S. economy and does not see the country slipping into recession.
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U.S. Treasury Secretary Henry Paulson  said on Tuesday that a weakened housing market will not have a  major impact on the U.S. financial sector, which he described  as quite healthy.
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There was a measure of relief for the banking sector on Tuesday after the Treasury extended its guarantee beyond Northern Rock's customer deposits to its wholesale banking products.
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An economy with blue skies, happy workers and prosperity for all, just around the corner. That's the sunny picture painted Wednesday at President Bush's economic conference, where nary a discouraging word was uttered and Bush's second-term priorities were resoundingly praised. In reality, Bush will have a hard time getting any of his major proposals through a skeptical Congress.
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Treasury yields crept higher last week with continued signs of economic strengthening. An improving job market, rising consumer sentiment and booming home sales added to the reasons many traders expect the
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Treasury Secretary Henry Paulson on  Wednesday stood by his view that the U.S. economy will avoid  recession this year and said the Treasury will act quickly to  distribute tax rebate payments.
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The U.S. banking system, having weathered a recession and the bankruptcies of several big corporations, is in very good shape, Federal Reserve Chairman Alan Greenspan said Tuesday.
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Consumers are more confident about the state of the US economy than at any time in the past five months, new data suggests.
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Hank Paulson, the new Treasury secretary, gave a splendid speech this week about the need to re-engineer the financial regulatory structure to make it more efficient and enhance the competitiveness of U.S. markets in the face of stiff new competition from London and Hong Kong.
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U.S. Treasury debt made moderate gains on Tuesday after a key reading of U.S. inflation proved softer than expected, a relief to investors in fixed-income debt.
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But the Treasury chief says the economy is strong enough to weather the storm.
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Treasury Secretary Henry Paulson  said on Monday the Bush administration was considering how to  give the economy a boost as it weathers a housing correction,  but does not want to rush.
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U.S. Treasuries pared gains on Wednesday  as investors read the latest U.S. durable goods orders as  mildly positive despite lower-than-expected headline numbers.
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Treasury prices bounced higher on  Wednesday after Fed Chief Alan Greenspan proved less  enthusiastic about U.S. economic growth prospects than many  investors had foreseen.
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Treasury Secretary Henry Paulson on Sunday tried to reassure investors the US economy is robust, despite last week's unsettling stock market plunge.
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The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime crisis, some quicker than others, U.S. Treasury Secretary Henry Paulson said on Tuesday.
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Treasury Secretary Henry Paulson said on Tuesday he was confident the U.S. and global economies were resilient but welcomed an emergency rate  cut by the U.S. Federal Reserve as a helpful move.