New York Times reporter Louise Story breaks down Timothy Geithner’s speech on monetary policy at the Brookings Institution and explains a new House bill that could allow trade sanctions on China based on the artificially low value of the Chinese RMB.
The White House is rolling out an ambitious plan to overhaul the corporate tax code. President Obama wants to cut the corporate tax rate down to 28 percent from 35 percent. However, the new rule would close loopholes and popular eliminate subsidies currently enjoyed by American corporations. Treasury Secretary Timothy Geithner will unveil the plan […]