While some, we are sure, will view this brief clip as partisan showmanship by Representative Steve Pearce, the questions he asks Treasury Secretary should surely be responded to in some manner that is anything but the typical perfunctory shrug these matters normally garner. Show More Summary
WOW … This 5-minute video has received very few viewings. That is a shame. Let’s change that. In a recent Congressional hearing Rep. Steve Pearce throws high hard heat right at the head of Treasury Secretary Jack Lew. In a delivery that would have made Hall of Fame pitcher Bob Gibson proud, Pearce knocks Lew [...]
Lew was offered a $940,000 bonus from Citigroup if he could land a job in government. That's one hell of a carrot. And here he is interviewing for Geithner's job.
``You would think that a financial rating agency would be shouting the praises of a rule that would prevent a failing bank from taking the rest of the economy down with it, but that's apparently not how things go in today's market. Particularly...Show More Summary
Elizabeth Warren, who by Senate tradition ought to be a meek, eyes-down freshman, turned in another stellar performance Wednesday at a Banking Committee hearing with Treasury Secretary Jack Lew in the hot seat. Warren began by asking...Show More Summary
At a Senate Banking Committee hearing Tuesday, the Massachusetts senator got the best of the Treasury secretary as she pressed him on whether the government should cap the size of big banks or break them up.
Treasury Secretary Jack Lew was questioned Wednesday by lawmakers on the House Financial Services Committee over when he learned that the IRS had targeted certain conservative non-profit groups. By Steph Dingbaum GOP lawmakers argued that he must have known something before the public became aware of it on May 10. Read more here.
Treasury Secretary Lew testified it would have been wrong for him to intervene in IRS administration of the tax system.
I sure hope Jack Lew got the message loud and clear. Senator Elizabeth Warren is not going to allow him to mollycoddle banks the way Tim Geithner did. In Wednesday's Senate hearing, she asked him a few pointed questions intended to send...Show More Summary
Deputy Secretary Neal Wolin made the statement in testimony he prepared to deliver to the House Oversight and Government Reform Committee.
The House Committe on Oversight and Government Reform holds a hearing today on The IRS: Targeting Americans for Their Political Beliefs at 9:30 a.m. EST (webcast here): Neal S. Wolin (Deputy Secretary, Treasury Department) J. Russell George (Treasury Inspector General for Tax Administration) Lois Lerner (Director of Exempt Organizations, IRS)...
White House Press Secretary Jay Carney told reporters today that there were conversations between officials at the Treasury Department, which operates above the IRS, and the White House involving when to announce the Treasury Inspector...Show More Summary
On Tuesday, U.S. Senator John Thune (R-SD) sent a letter to Attorney General Eric Holder and Treasury Secretary Jack Lew questioning the wisdom of placing Sarah Hall Ingram, the embattled former Internal Revenue Service (IRS) commissioner for tax-exempt groups, in charge of Obamacare. Show More Summary
At a Senate banking committee hearing Tuesday, Sen. Elizabeth Warren (D-Mass.) grilled Treasury Secretary Jack Lew on too-big-to-fail banks—financial institutions that are so large that their failure would endanger the entire financial...Show More Summary
Treasury Secretary Jacob Lew first learned of an audit into the Internal Revenue Service in mid-March but didn't see specific details of an inspector general's report into the targeting of conservative groups until last week, he told U.S. Senate lawmakers on Tuesday.
Treasury Secretary Jack Lew testifies before the Senate Banking committee Tuesday, and is bound to spend the majority of his time answering questions about the Internal Revenue Service’s targeting of right wing political groups for heightened scrutiny. Show More Summary
White House counsel Kathryn Ruem [Press Secretary Jay] Carney told reporters that White House Counsel Kathryn Ruemmler was briefed April 24 on a Treasury Department inspector general’s audit detailing how IRS employees singled out Tea Party groups and other conservative organizations for review from 2010 to 2012. Ruemmler informed other senior White House aides, including [...]
Acting IRS Commissioner Steven Miller has quit his post over the IRS investigation on conservative groups after receiving an ultimatum from the Treasury Secretary Jack Lew. The scandal erupted last week after the IRS admitted to putting...Show More Summary
In an interview with Al Hunt, Jack Lew -- now Treasury Secretary and President Obama's Chief of Staff from January 2012 until this spring --...
On Friday, Treasury Secretary Jack Lew told Congress that the Obama administration would rather risk default than negotiate with Republicans in Congress over raising the debt limit. He said the Treasury Department will begin taking "extraordinary" measures to avoid default until Congress votes to raise the country's debt limit. Show More Summary