Treasury Secretary Jacob J. Lew said the tax system for businesses needs to be overhauled, with lower taxes and closed loopholes, to help boost the economy.

The largest U.S. life insurer calls the label premature and says it has offered substantial and compelling evidence it isnt a SIFI.

The Financial Stability Oversight Council is planning to meet Dec. 18 to vote on whether to designate MetLife and subject it to Federal Reserve oversight.

The Financial Stability Oversight Council is planning to solicit views from the industry and the public on which asset management activities could threaten the financial system.

The U.S. Treasury Department announced steps that will make it harder for U.S. companies to move their addresses outside the country to reduce their taxes, clamping down on the practice known as inversions.

U.S. Treasury Secretary Jacob J. Lew said the department is finishing work to limit the benefits companies gain from moving their addresses overseas.

Estimates of U.S. health care spending for the next five years have been lowered by two federal agencies, and the Patient Protection and Affordable Care Act is getting much of the credit.

MetLife Inc. is deemed systemically important by a panel of regulators, a decision that would subject the biggest U.S. life insurer to stricter Federal Reserve oversight.