David Lawder
Reuters Top News
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Past articles by David:
Yellen's China trip yields long meetings, 'cordial' tone, but no consensus
U.S. Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China's new top economic officials would immediately ease tensions between the world's two largest economies. → Read More
Student loan ruling may be windfall for US deficit reduction
The U.S. Supreme Court's decision to strike down President Joe Biden's student debt relief would claw back more than $300 billion in costs associated with the program that were recognized last year, marking a major reduction in this year's deficit - at least on paper. → Read More
IMF board completes Ukraine loan review, allowing $890 mln withdrawal
The International Monetary Fund's executive board on Thursday completed its first review of Ukraine's $15.6 billion loan program, allowing Kyiv to immediately withdraw $890 million for budget support as it mounts a major offensive against Russia's invasion. → Read More
World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook
The World Bank on Tuesday raised its 2023 global growth outlook as the U.S., China and other major economies have proven more resilient than forecast, but said higher interest rates and tighter credit will take a bigger toll on next year's results. → Read More
Analysis: Debt ceiling deal ignores US debt time bomb
Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does little to slow a massive buildup of total federal debt now on pace to exceed $50 trillion in a decade. → Read More
McCarthy lauds debt US ceiling deal, House conservatives divided
U.S. House of Representatives Speaker Kevin McCarthy on Sunday lauded the debt ceiling deal he negotiated with Democratic President Joe Biden, but a prominent House conservative warned that McCarthy has "credibility issues" that may prompt some Republicans to seek his ouster as the top Republican in Congress. → Read More
Yellen urges new World Bank chief to 'get the most' from balance sheet
U.S. Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to "get the most out of the bank's balance sheet" and mobilize more private capital for climate finance and global development objectives, the Treasury said. → Read More
Analysis: US debt-ceiling deal dooms Biden's revolutionary tax plans
U.S. President Joe Biden's 2020 campaign promise to make wealthy Americans and corporations pay more in taxes to finance a range of social priorities breathed its last gasp, at least for this presidential term, with the debt ceiling deal he struck with Republicans on Saturday. → Read More
US review of China tariffs won't depend on trade 'breakthrough,' official says
The United States is taking an analytical approach to its review of whether to keep tariffs on Chinese goods in place and will not base outcomes on any "breakthrough" in U.S.-China trade relations, Deputy U.S. Trade Representative Sarah Bianchi told Reuters. → Read More
U.S.-led Indo-Pacific talks produce deal on supply chain early warnings
Trade ministers of 14 countries in the U.S.-led Indo-Pacific Economic Framework (IPEF) talks "substantially completed" a deal to make supply chains more resilient and secure, the Commerce Department said on Saturday, marking the first tangible results of the year-long negotiations. → Read More
APEC trade chiefs agree on more inclusive trade, but no joint statement
Trade ministers from the Asia Pacific Economic Cooperation (APEC) countries agreed on Friday to promote more inclusive and sustainable trade, but failed to produce a joint statement due to Russia and China's objections to language on Ukraine. → Read More
U.S. Treasury's Adeyemo sees no ability to 'triage' payments without debt limit hike
Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the capability to "triage" payments if the debt ceiling is not raised, adding that invoking the 14th amendment to issue debt will not solve the government's challenges. → Read More
U.S., Chinese commerce chiefs raise complaints on trade, investment, export policies
U.S. Commerce Secretary Gina Raimondo and Chinese Commerce Minister Wang Wentao traded barbs on trade, investment and export policies in talks on Thursday described by Raimondo's office as "candid and substantive." → Read More
Yellen maintains early June as U.S. debt ceiling deadline
U.S. Treasury Secretary Janet Yellen on Wednesday maintained early June as a debt ceiling default deadline and said she will update Congress shortly about government finances. → Read More
Treasury confirms U.S. default as early as June 1 without debt ceiling hike
In her third letter to Congress in three weeks, Treasury Secretary Janet Yellen said it was "highly likely" the agency will not meet all government payment obligations by early June, triggering the first-ever US default. → Read More
US, Taiwan reach deal on first part of '21st Century' trade pact
The U.S. and Taiwan reached agreement on the first part of their "21st Century" trade initiative, covering customs and border procedures, regulatory practices, and small business, the U.S. Trade Representative's office said on Thursday. → Read More
US IRS to launch free tax e-file pilot program in 2024
The Internal Revenue Service on Tuesday said it would launch a free, government-provided direct tax filing option next year, which could lead to the full-scale launch of an IRS filing system that would compete with private tax preparers. → Read More
US on track for June 1 default without debt ceiling hike, Treasury says
The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government's bills only through June 1 without a debt limit increase, increasing pressure on congressional Republicans and the White House to reach a deal in coming days. → Read More
Biden's budget vs. House debt limit bill on spending, deficits, taxes
President Joe Biden's administration and Republicans in the U.S. Congress are in talks to end their standoff over raising the $31.4 trillion debt ceiling, haggling over vastly different proposals that both claim to cut deficits by trillions of dollars. → Read More
Yellen heads to G7 with debt ceiling, bank crisis and tax woes in tow
Treasury Secretary Janet Yellen lands at Japan's G7 finance meeting this week, with her ambitious economic agenda hijacked by a bitter partisan fight over the U.S. debt ceiling that threatens a new financial crisis, and a signature tax deal blocked by Republicans. → Read More