Speaking before the Exchequer Club of Washington, U.S. Treasury Secretary Henry Paulson said the stimulus package has supported the economy in the last year. Paulson said market turmoil and energy prices have dragged on the economy, while the labor market has softened. He added that the key to stabilizing...
Despite five months of job losses and soaring oil prices, the fundamentals of the U.S. economy remain favourable, said U.S. Treasury Secretary Henry Paulson on Monday. However, he noted the price of oil is a problem and that no policy initiatives are off the table, including currency intervention. Paulson...
The U.S. economy "has turned down sharply" according to U.S. Treasury Secretary Henry Paulson, speaking to the Council of Institutional Investors in Washington, D.C. on Thursday morning. He said the greatest risk to the economy was the housing sector. However, Paulson noted some positive developments...