Tag: tax
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US not considering ‘general insurance’ for bank deposits, says Yellen
WASHINGTON, March 22 (Reuters) – US Treasury Secretary Janet Yellen told lawmakers on Wednesday that the Federal Deposit Insurance Corporation (FDIC) is not considering offering “general insurance” for bank deposits following the collapse of two prominent US banks this month. Some banking groups have urged Congress to temporarily guarantee all U.S. bank deposits, a move […]
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The UK Chancellor of the Exchequer and the Bank of England are working to contain the effects of the SVB
LONDON, March 11 (Reuters) – The UK Treasury and the Bank of England are working together to minimize the disruption that could result from a collapse of the UK arm of Silicon Valley Bank (SIVB.O), which has seized taken by US regulators. , the ministry said on Saturday. Talks were scheduled later on Saturday to […]
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Mexico cannot match US incentives for proposed Tesla battery factory, minister says
MEXICO CITY, March 3 (Reuters) – Mexico would not be able to match the incentives offered by a US law to curb inflation if Tesla Inc builds a battery factory in the country, Mexico’s finance minister said on Monday Friday, days after Tesla announced construction of a “gigafactory” there. Tesla (TSLA.O) has not confirmed whether […]
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California’s budget deficit is widening
February 19, 2023 11:51 a.m. ET California Governor Gavin Newsom smiles outside the California State Capitol in Sacramento, Jan. 6. Photo: Yalonda M. James/Associated Press California Governor Gavin Newsom’s budget last month predicted a $22.5 billion deficit, but apparently his forecast was too bright. The Legislative Analyst’s Office (LAO) warned last week that the state’s […]