What's New

The US Senate on Thursday voted to eliminate billions of dollars in federal ethanol subisidies, making it unlikely that the current 45-cent-per-gallon subsidy for refiners and 54-cent-per-gallon tariff on imported ethanol will be extended beyond the end of the year.

On February 18-19, a meeting of the G20 Finance Ministers and Central Bank Governors was held in Paris to address ongoing global financial and economic challenges. This initial meeting acknowledged that although the global economy has seen a certain level of recovery, there are still challenges and pitfalls to overcome in order to achieve the G20 mandate of improved economic growth and development.