Topic - Jacob Lew

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  • **FILE** Treasury Secretary Jacob Lew pauses while speaking about the U.S. economy, next steps for financial reform, and the Treasury Department's international agenda, Thursday, Jan. 16, 2014, at the Council on Foreign Relations in Washington.  (AP Photo/Manuel Balce Ceneta)

    Treasury Secretary Lew: U.S. ready to impose more sanctions on Russia

    Treasury Secretary Jacob Lew said Monday the United States and its allies are "fully prepared" to impose additional sanctions on Russia if it continues to whip up unrest in the eastern part of Ukraine, the new focal point of turmoil after Russian President Vladimir Putin moved quickly to annex the Crimea.

  • From left, UN Secretary General Ban Ki-moon, CNN International anchor Isha Sesay, and World Bank President Jim Yong Kim attend the forum Endpoverty 2030 during the IMF/World Bank Spring Meetings at IMF headquarters in Washington, Thursday, April 10, 2014. ( AP Photo/Jose Luis Magana)

    Major economies express confidence about growth

    Finance officials of the world's major economies expressed confidence Friday that they can meet an ambitious goal of boosting global growth by $2 trillion over the next five years.

  • Treasury says Lew's outpatient surgery went well

    The Treasury Department says Secretary Jacob Lew's surgery to deal with a benign enlarged prostate went as planned.

  • US Treasury Secretary Lew to undergo surgery

    The Treasury Department says Treasury Secretary Jacob Lew will undergo surgery Tuesday to treat a benign enlarged prostate.

  • President Barack Obama greets an employee in the bakery at a Costco store in Lanham, Md. Wednesday, Jan. 29, 2014, where he spoke about raising the minimum wage the morning after his State of the Union address.  (AP Photo/Charles Dharapak)

    Obama touts wage hike, creates 'myRA' savings plan

    Declaring that hard work should pay off for every American, President Barack Obama on Wednesday signed an order to create starter retirement accounts that could be opened with as little as $25 but acknowledged there's a limit to the help he can give low-wage workers without congressional action.

  • Treasury Secretary Jack Lew (Associated Press)

    Treasury Secretary Jack Lew refuses to lay out priorities for post-debt spending

    Treasury Secretary Jacob Lew refused to tell Congress on Thursday how he would prioritize spending obligations in the event the Treasury Department hits the $16.7 trillion debt limit, saying that he doesn't know what the legal framework would be for making those decisions.

  • This combination shows the signatures of Treasury Secretary Jacob Lew from a Sept. 21, 2011, memo posted on the White House website when he was Office of Management and Budget director, top, and as Treasury Secretary on the 2013 annual report for the Financial Stability Oversight Council, bottom. (AP Photo)

    Treasury Department's Jack Lew in training to fix loopy signature

    Treasury Secretary Jacob Lew is undergoing penmanship training to correct his loopy signature — the one that more resembles a pre-kindergarten creation than adult script. And just in time.

  • President Obama pauses while speaking in the James Brady Press Briefing Room of the White House in Washington on Feb. 5, 2013. The president will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic across the board cuts that are scheduled to kick in March 1. (Associated Press)

    Obama slow in restocking Cabinet for 2nd term

    Even though the White House Cabinet turnstile seems to be spinning out of control in recent weeks with first-term secretaries bolting for the private sector and fresh faces coming in rapidly, President Obama is still weeks behind in putting together his second-term team compared with the pace set by the previous two presidents.

  • President Obama (right) and his chief of staff, Jack Lew, confer. Mr. Lew, who previously served as the president's Office of Management and Budget chief, is said to be under consideration for Treasury secretary. (Associated Press)

    LAMBRO: Another lost year for America's workers

    President Obama's decision to name Jack Lew, his chief of staff and former budget director, to be his Treasury secretary sent a depressing signal that the economy and jobs won't be his highest priority in a second term.

  • President Obama (right) and his chief of staff, Jack Lew, confer. Mr. Lew, who previously served as the president's Office of Management and Budget chief, is said to be under consideration for Treasury secretary. (Associated Press)

    Obama to nominate Lew for Treasury post

    President Obama will announce Thursday afternoon his nomination of White House Chief of Staff Jack Lew to serve as Treasury secretary, a White House official confirmed.

  • President Obama (center), accompanied by outgoing Treasury Secretary Timothy F. Geithner (left), announces in the East Room of the White House in Washington on Thursday, Jan. 10, 2013, that he will nominate current White House Chief of Staff Jack Lew (right) as the next secretary of the treasury. (AP Photo/Carolyn Kaster)

    Obama says Lew has his trust to head Treasury

    President Obama officially nominated White House Chief of Staff Jack Lew on Thursday to replace departing Treasury Secretary Timothy F. Geithner, calling his key aide a man of great integrity who has his "complete trust."

  • Sessions will try to block Lew's bid for Treasury chief

    The top Republican on the Senate Budget Committee will lead a charge to try to block White House Chief of Staff Jack Lew's prospective nomination to become Treasury secretary.

  • Labor Secretary Hilda L. Solis (AP Photo/Manuel Balce Ceneta)

    Solis stepping down as secretary of labor

    Labor Secretary Hilda L. Solis announced Wednesday that she will leave the administration — a surprise resignation that adds to what is turning into a major shake-up among President Obama's team.

  • Citigroup tenure lucrative for Lew

    Jack Lew, President Obama's presumed choice to lead the Treasury Department, has close ties to Wall Street, receiving more than $900,000 in bonus cash from a division of Citigroup Inc. just as the company was getting bailed out by U.S. taxpayers.

  • "No, it's a penalty. It's a penalty that comes under the tax code for the 1 percent perhaps of the population who may decide that they are going to be free-riders." - House Minority Leader Nancy Pelosi, California Democrat (Associated Press)

    A 'tax' by any other name smells just as foul to GOP

    The Supreme Court may call it a tax and Republicans may call it a tax, but Democrats insisted Sunday that the fee for noncompliance with the Affordable Care Act bears no resemblance to the T-word.

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  • Treasury Secretary Jacob Lew said Monday the U.S. and its allies are “fully prepared” to impose additional sanctions on Russia if it continues to underwrite unrest in  Ukraine, and Mr. Obama spoke Monday with French President Francois Hollande about what the White House called the “worsening” situation.

    Obama urges Putin to defuse Russian separatism in Ukraine →

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