For someone supposed to be a political whiz due to staff experience on Capitol Hill, Treasury Secretary Jack Lew sure has been acting like a political bungler.
Former U.S. Treasury Secretary Lawrence Summers wrote on April 5 that this month may be remembered as the moment the United States lost its role as the underwriter of the global economic system.
Once upon a time, when then-NY Fed chief Tim Geithner was angling for a Senate confirmation which would make him Treasury Secretary, things got a bit tense when it was discovered that Geithner failed to pay Medicare and Social Security taxes on the income he earned while working for the IMF from 2001-2004. Show More Summary
Henry Paulson was running the U.S. Treasury when the country encountered its worst financial crisis since the Great Depression. Now he's warning of a climate crisis that could be even worse. Paulson served as Treasury Secretary during the last two years of George W. Show More Summary
Henry M. Paulson, Treasury secretary during the 2008 financial crisis, warns China in a new book that it will undoubtedly have to “face a reckoning.”
Treasury Secretary Jacob Lew warns default would create "hardship" for Greece.
Former US Treasury Secretary Hank Paulson stated that China should be more concerned about the size of the US debt as the country's second largest creditor behind Japan.
US Treasury Secretary says new government is running out time to reach an emergency financing agreement.
For years on end, many wondered how it is possible that Gary Gensler allowed Wall Street firms to manipulate, rig, and otherwise abuse the US commodity market which he, as head of the Commodity Futures Trading Commission from 2009 until 2014, was supposed to regulate. Show More Summary
New Hampshire Senator Jeanne Shaheen introduced legislation on Wednesday that would recommend that the Treasury Secretary "convene a panel of citizens" who would debate which woman could replace Andrew Jackson on the $20. A grassroots campaign, Women on 20s, has earned major buzz for pushing this idea — hundreds of thousands... More »
Sen. Jeanne Shaheen filed legislation this week that would create a citizens panel to recommend an appropriate choice to the treasury secretary. [...] she and campaign supporters hope it will boost public support for redesigning theShow More Summary
Former Treasury Secretary Larry Summers believes online lending platforms will rescue the U.S. economy.
Sen. Jeanne Shaheen (D-N.H.) introduced a bill Tuesday that, if passed, would direct Treasury Secretary Jack Lew to take a recommendation from citizens on a woman whose image could replace Andrew Jackson's on the $20 bill. The bill,Show More Summary
The former U.S. Secretary of the Treasury discusses the country's decision not to sign on during the creation of the Asian Infrastructure Investment Bank. Paulson tells CBS News' Jan Crawford whether he thinks that was a mistake.
Advice from former Treasury Secretary Henry Paulson Jr.: Speak with one voice, avoid surprises and compete from a position of strength.
[Editor's Note: Last week, Treasury Secretary Henry Paulson said that he planned to expand the $700 billion bailout plan to aid private student loan providers. But what about the alarming number of financially distressed private loan...Show More Summary
John Kirkpatrick knew that putting a beaver in charge of protecting Washington’s treasured cherry blossoms was an idea that challenged logic. It was a bit like making Bernie Madoff treasury secretary. But Kirkpatrick, a National Park Service ranger, had a vision, and his vision had buckteeth, a smile and a message.Read full article >>
The U.S. and China have the most critical bilateral relationship in the world, and it serves America’s national security, economic health and environmental well-being to keep it strong, writes former U.S. Treasury Secretary Henry Paulson.
It can happen to the best of us. Former Treasury Secretary Timothy Geithner failed to pay nearly $35,000 in Social Security and Medicare payroll taxes from 2001 through 2004. Five-time Grammy winner Lauryn Hill served prison time for owing roughly $2.3 million in taxes. ...
This is a big deal. On Monday, we published Larry Summers' latest op-ed from The Washington Post, which opened with the former Treasury Secretary and Harvard president writing, "This past month may be remembered as the moment the United...Show More Summary