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WASHINGTON -- The Senate on Wednesday confirmed Jacob J. Lew as Treasury secretary, allowing the longtime budget expert to take office as President Obama deals with looming automatic federal spending cuts. Lew, 57, was approved by a 71-26 vote. He...
WASHINGTON -- A Senate committee is expected to vote to confirm Jacob J. Lew's nomination to be Treasury secretary on Tuesday, setting the stage for his confirmation by the full Senate in the coming days. Lew, the former White House chief of staff,...
WASHINGTON -- Treasury secretary nominee Jacob J. Lew told senators Wednesday that his top priority was to boost the economic recovery while also grappling with the nation's growing debt. In his confirmation hearing before the Senate Finance Committee,...
WASHINGTON -- New jobless claims dropped last week to 366,000 as the labor market continued to show signs of moderate growth. The number of people filing for the first-time for unemployment benefits was down 5,000 in the week ending Saturday from the...
WASHINGTON -- It didn't take long for former Treasury Secretary Timothy F. Geithner to land a new job, and it's not on Wall Street -- though it's in the same area code. The Council on Foreign Relations, a nonpartisan think tank based in New York, said...
WASHINGTON -- As Treasury Secretary Timothy F. Geithner prepared to leave office Friday, he was clear about one thing he won't be doing in the future -- running the Federal Reserve. Fed Chairman Ben S. Bernanke's second term expires in January 2014...
Tags: Jack Lew, Ben Bernanke, White House, Barack Obama, POLITICO LLC
WASHINGTON -- Treasury Secretary Timothy F. Geithner told Congress Monday that the U.S. would exhaust its special measures to avoid breaching the nation's debt limit sometime between mid-February and early March. In updating an earlier estimate of...
WASHINGTON -- The federal government will begin taking special steps this week to continue paying its bills as the nation prepares to hit its debt limit next week, Treasury Secretary Timothy F. Geithner said Wednesday. In a letter to congressional...
WASHINGTON -- A bipartisan group of governors came to Washington on Tuesday to express concern to the White House and members of Congress about the potential consequences to state budgets in the "fiscal cliff" negotiations. The governors are worried...
WASHINGTON -- Treasury Secretary Timothy F. Geithner, the last remaining member of President Obama's original economic team, has made it clear he did not intend to stay in the high-pressure job for more than four years. And now, with Obama set to be...
WASHINGTON — Fresh off this week’s last-minute “fiscal cliff” deal, President Obama on Saturday dug in as the prospect of another budget clash with congressional Republicans loomed, warning that he will not negotiate over raising...
WASHINGTON – In the first closed-door meeting of the Republican majority in the new Congress, newly reelected House Speaker John A. Boehner on Friday promised a robust fight with President Obama to cut spending in exchange for raising the nation&...
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