Jay Shambaugh News

07.09 / 14:25

UPS Remark country U.S. Treasury supports increase in IMF quota resources-Shambaugh

WASHINGTON (Reuters) — The U.S. Treasury will push for a general increase in International Monetary Fund quota resources this year that would be spread evenly across the institution's membership, the department's top economic diplomat said on Thursday.

28.12 / 09:17

UPS Manufacturing Trade President country US’s channels with China have gone dark with Trump’s return

Subscribe to enjoy similar stories. For the past year and a half, senior Treasury officials have met with their Chinese counterparts almost once every other month. Whether an incoming Trump team will keep such channels of dialogue going is now up in the air.

26.07 / 14:14

Target Cooper Progressive Action Remark country National US willing to take 'targeted' actions against China for national security, Treasury official says

WASHINGTON (Reuters) — U.S. Treasury Undersecretary Jay Shambaugh said on Wednesday the Biden administration will not hesitate to take targeted actions against China to secure the national security interests of the U.S. and its allies and to protect human rights, but added that the two countries must cooperate on global challenges.

14.12 / 16:45

Career International Senate Confirms Treasury Undersecretary for International Affairs

WASHINGTON—The Senate confirmed Jay Shambaugh to be the Treasury Department’s undersecretary for international affairs, filling one of the Biden administration’s top economic diplomatic posts during a time of global economic slowdown and conflict.

12.07 / 17:25

Fallout hearing Nominee to Be Treasury’s Top Economic Envoy Likely to Address Trade, Ukraine War at Hearing

WASHINGTON—Senators are likely to question Jay Shambaugh, President Biden’s pick to serve as the Treasury Department’s top economic diplomat, about trade policies and the economic fallout of the Russia-Ukraine war at a confirmation hearing Tuesday.

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