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US/Euro Foreign Exchange Rate

“A strong dollar has always been a good thing for the United States,” Treasury Secretary Jacob J. Lew declared not long ago, a position that he has restated frequently. In 2011, Timothy F. Geithner, then the Treasury secretary, said, “A...

Did Treasury Secretary Lew Just Call Draghi A Currency Manipulator?

Having already put his foot in his mouth about the US oil production industry, it appears Treasury Secretary Lew has done it again: LEW SAYS UNFAIR FX MOVES TO DRAW SCRUTINY FROM U.S. His barbed comment can only be pointed at Draghi and his crush-the-Euro at all costs plan. Show More Summary

Larry Summers Warns on Fed Rate Hikes

In Davos, former Treasury Secretary and would-be Federal Reserve Chairman Larry Summers warns the U.S. central bank to put off any increases to short term interest rates, citing deflation and secular stagnation as...

WTI Hits $45 Handle After Treasury Secretary Lew Says "Doesn't Expect US Crude Production To Decline"

Keeping the narrative dream alive, Treasury Secretary Lew told Bloomberg TV this morning that "lower energy prices are good for the US economy" - seemingly missing the huge surge in jobless claims, the lack of clear gains by firms on lower fuel costs, rig count collapsing, and homebuilder concerns in Shale states. Show More Summary

Treasury Secretary to Congress: Focus on Business Taxes, Not Income Taxes

Treasury Secretary Jacob Lew thinks there's much more agreement between Republicans and Democrats when it comes to simplifying the federal taxes businesses pay.

Tax Policy and Politics: More of the Same

Wait, are Ds and Rs really on the same page? In remarks yesterday, Treasury Secretary Jack Lew expressed optimism for a business tax overhaul, noting a “great deal of overlap” between the White House framework and recent Republican proposals. Show More Summary

Takata panel taps former NHTSA heads to lead investigation

4 days agoVehicles / Cars : Leftlane

The independent panel includes a former Treasury secretary, three former auto safety regulators, and the engineering dean at Northwestern University.

Summers Sees German Objections to Borrowing as Eurozone Hurdle

The eurozone appears ready to brave uncharted territory with the European Central Bank's expected launch of a program of government bond purchases Thursday. But for former U.S. Treasury Secretary Lawrence Summers, one major hindrance...Show More Summary

Labour’s latest plan: tackling the deficit through gun licence fees

listen to ‘Chris Leslie says Labour will cut the deficit through gun licences’ on audioBoom Shadow Chief Secretary to the Treasury Chris Leslie was on the Daily Politics earlier today,… Continue reading The post Labour’s latest plan: tackling the deficit through gun licence fees appeared first on Spectator Blogs.

Morning Agenda: S.&P. Seeks Peace

S.&P. is nearing a settlement with the Justice Department over inflated ratings. | Antonio Weiss withdraws from consideration to be a Treasury under secretary. | Oil prices plunge. | Ethical questions of investing in pot.

Elizabeth Warren Takes a Scalp: Antonio Weiss Withdraws from Nomination for #3 Position at Treasury

As readers may recall, Elizabeth Warren blasted the Administration's nomination of a Lazard executive and senior mergers & acquisitions banker Antonio Weiss to the number three Treasury psot, assistant secretary for domestic finance....Show More Summary

Antonio Weiss, Nominee for Under Secretary of Treasury, Withdraws From Consideration

Mr. Weiss, a senior investment banker at Lazard, has pulled his name from consideration two months after being nominated by President Obama.

The US treasury secretary's signature was unfit to print on currency

2 weeks agoOdd : Boing Boing

Above: Treasury Secretary Jack Lew's signature. Barack Obama said, “Jack assures me that he is going to work to make at least one letter legible in order not to debase our currency, should he be confirmed as secretary of the Treasury.” Visit Futility Closet to see the version of Lew's signature that's used on US Federal Reserve notes.

Larry Summers Calls For a Carbon Tax Now

In a recent op-ed in the Washington Post, former Treasury Secretary Lawrence "Larry" Summers makes the point that, with gasoline taxes at levels not seen in years, this would be an excellent time to implement a carbon tax.

High Unemployment and Low Growth Is Good for the Rich

3 weeks agoUnited States / Seattle : Slog

wavebreakmediaShutterstock Losing her job would not be good for the economy but good for the rich in the economy. One of the big economic ideas in recent years was presented in a 2013 speech by the former Treasury Secretary Larry Summers. Show More Summary

Look out for phishing scam from fake Treasury Secretary

Dang! I wish I had checked my spam folder before Christmas. I would have had half a million bucks to buy the hubby (and myself) some really nice gifts. So says Jacob "Jack" Lew, the 76th Secretary of the Treasury, in an email message he recently sent me. Show More Summary

Cato Scholars: Ahead of the Curve

David Boaz Congratulations to former Treasury secretary Robert Rubin, who has become concerned, as he writes in the Wall Street Journal, that The U.S. rate of incarceration, with nearly one of every 100 adults in prison or jail, is five...Show More Summary

Why so many rich Americans think they’re middle class

Recent remarks from Treasury Secretary Jack Lew help shed light on a troubling phenomenon

The Treasury Secretary’s Misperceptions About Wealth

last monthNews : Truthdig

By Treasury Secretary Jack Lew’s reckoning, being a millionaire does not constitute living high above the ranks of ordinary people.

The 15 Schools With The Most Grads At JPMorgan

JPMorgan Chase probably has the broadest — and weirdest — history of any American bank.  Its story includes a role in killing the first Secretary of the Treasury, helping to win World War I, and contributing to the 2008 financial crisis.  Like the other major Wall Street firms, landing a gig at JPMorgan is a ticket to a higher tax bracket. Show More Summary

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