Henry Paulson

In Tuesday article of the Financial Times former U.S. Treasury Secretary Henry Paulson stressed the urgency of altering the existent financial regulation reiterating his previous plan he proposed last March. The article with the speech of ex secretary comes just in time when his successor Timothy Geithner is expected to reveal a plan to set up a so-called systemic risk regulator to monitor and manage risk in the financial sector.

American manufacturers find that the main reason for the gap between the prices on the goods produced in the two countries. 

The Treasury Department announced last month that China has become the largest foreign holder of U.S. Treasury securities owning almost $1 per $10 in U.S. public debt.

When asked why the economy has become worse after Congress gave him the authority Henry M. Paulson said the following: “The purpose of the financial rescue legislation was to stabilize our financial system and to strengthen it. It is not a panacea for all our economic difficulties. The crisis in our financial system had already spilled over into the overall economy.