AKIU, Japan (AP) — Finance leaders of major industrial countries meeting in Japan need to find ways to use all the “policy levers” they have to help counter anxiety over global economic prospects, U.S. Treasury Secretary Jacob Lew said Friday, in remarks echoed by his Japanese hosts. The consensus was that while there is no […]
Unless you’ve been living under a rock for the past year you’ve probably heard about Lin-Manuel Miranda’s hit musical, Hamilton. Inspired by Ron Chernow’s biography about the first Secretary of Treasury, Alexander Hamilton, Hamilton the musical has become a phenomenon. Show More Summary
The economic secretary to the Treasury said the government, which has a 9.2 percent stake in Lloyds Banking Group, would offer some of its holdings to retail investors this year.
The rewriting of the rewriting of history: Now that the U.S. Secretary of the Treasury has decided to remove the mug of Andrew Jackson from the $20 bill, we ought to kick Jackson’s fanny off the bronze horse that has stood at the east entrance to the N.C. Show More Summary
Treasury Secretary Jacob Lew’s trip to Puerto Rico highlights the human costs lurking behind every financial crisis.
The NAM today joined 23 other business organizations in sending a letter to Treasury Secretary Lew outlining the severe impact of recent debt-equity rules proposed by Treasury on global and...
Chinese debt is back on the financial risks radar screen. Former US Treasury Secretaries Robert Rubin and Larry Summers on Wednesday said China was one of their biggest worries for the world economy. HSBC analysts Zhi Ming Zhang and Desmond Kuang might agree. Show More Summary
It's hot here in Las Vegas, so it's a good thing former Treasury Secretary Larry Summers brought shade to the desert. On Wednesday morning at the SkyBridge Alternatives hedge fund conference, Carlyle Group co-CEO David Rubenstein interviewed Summers alongside his Clinton administration colleague Robert Rubin. Show More Summary
Business Insider is at the SALT hedge fund conference in Las Vegas for the next two days, and the first session just kicked off. On deck were former US Treasury Secretaries Robert Rubin and Larry Summers. David Rubenstein, the co-CEO...Show More Summary
SAN JUAN, Puerto Rico -- Prospects for the deeply troubled commonwealth of Puerto Rico only stand to get worse if the U.S. Congress doesn't intervene, Treasury Secretary Jack Lew argued during a trip to the island on Monday. Lew visited the island for the day to draw attention to its crumbling education, health care system and economy. Show More Summary
Treasury Secretary Jacob Lew got a firsthand look Monday at the humanitarian impact of Puerto Rico’s $70 billion debt.
SAN JUAN, Puerto Rico -- Treasury Secretary Jack Lew said Monday that if Congress doesn’t act soon to give Puerto Rico powers to restructure its mountainous debt, the island will face two choices -- “chaos and a bailout.” “We are now at a moment of necessity and crisis,” Lew told reporters during a daylong visit to the commonwealth. Show More Summary
The Treasury secretary’s visit to San Juan was intended to dramatize the stakes as the territory faces a financial collapse and the spread of the Zika virus.
WASHINGTON (AP) — One bond payment missed, another looms for debt-ridden Puerto Rico as Congress fights over how to help the U.S. territory and its 3.5 million Americans. Treasury Secretary Jacob Lew traveled to the island on Monday to highlight the impact of the financial crisis and increase the pressure on lawmakers to act. [...]Show More Summary
According to the Department of the Treasury, US Treasury Under Secretary for International Affairs will meet with government officials of France, Greece, and Italy during his visit to Europe this week.
Territory missed a nearly $370 million bond payment May 1; the default was the island's largest payment missed so far
this article was co-written with Kylie Patterson, Senior Manager at the Racial Wealth Divide Initiative On April 20, 2016 Treasury Secretary Lew announced design plans for the new $20, $10 and $5 bills. The fanfare, mostly positive,Show More Summary
Treasury Secretary Jacob J. Lew strived to light a fire under Congressional leaders Tuesday by terming the fiscal crisis confronting Puerto Rico "immediate and real," with dire consequences for the island commonwealth's 3.5 million citizens as well as investment markets nationwide. Puerto Rico...
A dancing boy and two Rialto schnooks were bested this morning by a Treasury secretary when Hamilton, not unexpectedly, received 16 Tony Award nominations, breaking the record formerly held by Billy Elliot and The Producers. Sweeping every race in which it competed, the blockbuster hip-hop musical also set what looks ... More »
Treasury Secretary Jacob Lew links fiscal crisis with spread of Zika virus.