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A list of the most recent stories about Jack Lew.
As she considers another White House bid, Hillary Rodham Clinton intends to work in the nonprofit world on issues like improving early childhood education, promoting the rights of women and girls, and finding ways to improve the economy — a set of priorities that could inform a 2016 presidential campaign. ...
Frank Lautenberg on Thursday was remembered by Senate colleagues for his leadership and laughter during nearly three decades serving in the chamber. The liberal Democrat from New Jersey was the Senate's oldest member and the last World War II veteran to serve there. He died Monday at the age of ...
Michael Froman, the administration's choice to become the next U.S. Trade Representative, appeared headed for Senate confirmation despite Republican questions Thursday about his investments in a hedge fund in the Cayman Islands, a well-known tax haven. Sen. Orrin Hatch of Utah said he planned to vote for Froman, who most ...
Investors could lose principal from money market investment funds that perform poorly under regulations proposed Wednesday by the Securities and Exchange Commission. But the change would affect mainly institutional rather than individual investors. The SEC voted 5-0 to advance the plan, which would require shares of some money-market funds to ...
Investors could lose principal from money market investment funds that perform poorly under regulations proposed Wednesday by the Securities and Exchange Commission. But the change would affect mainly institutional rather than individual investors. The SEC voted 5-0 to advance the plan, which would allow shares of some money-market funds to ...
The Securities and Exchange Commission is expected on Wednesday to propose stricter regulations for money-market mutual funds, hoping to shore up an industry that posed risks to investors at the height of the 2008 financial crisis. SEC officials have yet to make public any proposed changes to its oversight of ...
c.2013 New York Times News Service WASHINGTON — Michael Froman, a longtime White House economic aide nominated to be President Barack Obama’s trade representative, has nearly half a million dollars in a fund based in the Cayman Islands, according to financial documents provided to the Senate Finance Committee. Froman also ...
U.S. regulators have proposed that a group of firms that aren't banks be deemed potential threats to the financial system that need stricter government oversight. Big insurers American International Group Inc. and Prudential Financial Inc., and General Electric Co.'s finance arm GE Capital, said they are among the firms. The ...
c.2013 New York Times News Service WASHINGTON — The financial outlook for Medicare has improved because of a stronger economy and slower growth in health spending, and the financial condition of Social Security has not worsened but is still unsustainable, the Obama administration said Friday. “The projections in this year’s ...
c.2013 New York Times News Service WASHINGTON — The financial outlook for Medicare has improved because of a stronger economy and slower growth in health spending, and the financial condition of Social Security has not worsened, but is still unsustainable, the Obama administration said Friday. “The projections in this year’s ...
Medicare's long-term health is starting to look a little better, the government said Friday, but both Social Security and Medicare are still wobbling toward insolvency within two decades if Congress and the president don't find a way to shore up the trust funds established to take care of older Americans. ...
c.2013 New York Times News Service WASHINGTON — Despite signs of revival in housing, the Obama administration announced on Thursday an extension of its principal program for helping distressed homeowners to get mortgage modifications and avoid foreclosure. Jacob J. Lew, the Treasury secretary, and Shaun Donovan, secretary of the Department ...
Summoned by Congress, a key figure in the Internal Revenue Service's targeting of conservative groups plans to invoke her constitutional right against self-incrimination and decline to testify at a congressional hearing on Wednesday. Lois Lerner heads the IRS division that singled out conservative groups for additional scrutiny when they applied ...
___ JPMorgan's Dimon survives shareholder referendum TAMPA, Fla. (AP) — Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank ...
The man who led the Internal Revenue Service when it was giving extra scrutiny to tea party and other conservative groups seeking tax-exempt status told Congress on Tuesday that he knew little about what was happening while he was still commissioner. Douglas Shulman, who vacated his position last November when ...
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable. Lew told the Senate Banking Committee that he has also asked acting director Daniel Werfel to fix any flaws in ...
Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to congressional leaders, Lew said that he would tap the civil ...
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