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How Hard Would It Be to Change the Face on the $20?

On paper, it doesn’t look like it would be difficult to change the faces that greet us on dollar bills whenever we pull out our wallets. The Treasury Secretary has unilateral authority to banish Franklin from the $100 or Lincoln from the five spot whenever he wants; Congress also has... More »

Why Doesn't US Government Want Fannie, Freddie to Succeed?

At a time when the housing market is just beginning to recover, the U.S. Treasury wants to close down Fannie Mae and Freddie Mac, the two GSEntities under government conservatorship. Counselor to the Secretary for Housing Finance Policy Dr. Show More Summary

Liberal Democrats to raise £1bn extra tax from banks

Liberal Democrat Chief Secretary to the Treasury Danny Alexander has announced details of a plan to raise an extra £1bn from a supplementary corporation tax charge applied to banks to help finish the job of eliminating the deficit. The supplementary charge will be in addition to the existing Bank Levy. The Lib Dems will push […]

Treasury Secretary Dodges Question About Putting A Woman On The $20 Bill

Apparently, the one burning question everybody has for the nation's treasury secretary is, when will a woman appear on the $20 bill? That was the first question CNN correspondent and anchor Christine Romans asked Jack Lew in a recent interview. Show More Summary

Treasury's Lew says a strong dollar is a good thing

MIAMI (Reuters) - U.S. Treasury Secretary Jack Lew on Friday said a strong U.S. dollar was a "good thing" and reflected strength in the U.S. economy, repeating a long-standing mantra of U.S. administrations. Lew was speaking in Miami before students and businessmen at the Miami Dade College Wolfson Campus. Show More Summary

Reality: Some Projects Will Always Fail

Most people with project management experience are familiar with Cobb’s Paradox. The term was coined when Canadian Martin Cobb was serving as secretary of the treasury board in the mid-90s and famously asked the question: “If we know why projects...

Henry says GST hike ‘unavoidable’: report

Former treasury secretary calls for changes amid hunt for budget sustainability.

U.S. warns against attempts to finance terrorism via Lebanon’s Banks

During a visit to Beirut U.S. Assistant Secretary of the Treasury for Terrorist Financing Daniel L. Glaser reportedly warned against attempts to involve Lebanese banks in money laundering operations to finance terrorism. According to report published by al-Akhbar newspaper on Wednesday, Glaser, who met with Central Bank Governor Riad Salameh and a delegation from […]

U.S. Hits the Debt Limit, and More from CRS

The U.S. Government reached the statutory debt limit today, exhausting its normal ability to borrow money. In order to meet the government’s financial obligations, the Secretary of the Treasury must now take certain extraordinary measures. Show More Summary

Treasury Secretary Lew: No Recollection of Clinton Email System

U.S. Treasury Secretary Jacob Lew was pulled into former Secretary of State Hillary Clintons email controversy Tuesday as House Republicans grilled him on what he knew as her top operations officer.

Jack Lew clams up

(Scott Johnson) You have to love Rep. Sean Duffy, the congressman representing Wisconsin’s Seventh District. He showed his mettle today in a House hearing at which he questioned Jacob Lew, the United States Secretary of the Treasury....Show More Summary

US Credibility in Jeopardy Without IMF Reform - Treasury Secretary

US Treasury Secretary Jacob Lew said that the United States failure to approve the IMF quota and governance reforms would make other countries to question the country's commitment to the IMF.

Debt-Default Crisis 2015: Raise, and Then Raze, the Debt Ceiling (Part 1)

Interest rates will skyrocket, instability will roil the financial markets, the federal deficit will soar and the resulting "catastrophic" harm will last years. That is how Treasury Secretary Jacob J. Lew describes a debt-ceiling breach certain to cause a government default. Show More Summary

US Treasury Urges Congress to Pass IMF Quota Reform

US Treasury Secretary Jack Lew warned that until the quota reform is in place, the United States runs the risk of seeing its role in the IMF eroded, especially since other countries are establishing new financial institutions, such as the China-backed AIIB.

Obama's New $18.152 Trillion Debt

On Sunday, March 15, 2015, the U.S. hit the debt ceiling. Treasury Secretary Jacob Lew began employing what he calls extraordinary measures to pay government bills on Monday, March 16, 2015. Secretary Lew has urged Congress to raise the debt limit, again, as soon as possible. Show More Summary

Treasury Secretary Lew Admits US "International Credibility & Influence Is Being Threatened"

While we try to our patriotic duty every day, Jack Lew's comment that: U.S. ECONOMIC RECOVERY WELL ESTABLISHED, LEW SAYS was too much to bear... so we provide the following 3 charts for guidance in comprehending the propaganda. Why would...Show More Summary

The central banker and the capitalist

AS the president of the Federal Reserve Bank of New York and Treasury secretary, Tim Geithner was deeply involved in the financial crisis of 2007 onwards, battling to save the banking sector from itself. Peter Thiel was a co-founder of PayPal, an early investor in Facebook, and is well known for his libertarian views. Show More Summary

US Suspends State, Local Gov't Securities Prior to Monday Debt Deadline

US Treasury Secretary Jack Lew said that the outstanding US debt will reach the statutory limit on Monday and the US Treasury Department has stopped issuing state and local government securities in expectation of the date.

As U.S. hits debt limit, Treasury takes steps to extend borrowing

2 weeks agoHealth : Booster Shots

The Treasury Department has started taking steps to extend the federal government's borrowing ability as the U.S. hits its debt limit again Monday, Treasury Secretary Jacob J. Lew told lawmakers Friday.

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