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Jack Lew

A collection of news and information related to Jack Lew published by this site and its partners.

Top Jack Lew Articles

Displaying items 61-72
  • Treasury sells rest of GM stock, ends bailout with $10.5-billion loss

    Treasury sells rest of GM stock, ends bailout with $10.5-billion loss
    WASHINGTON -- The federal government on Monday sold its remaining shares of General Motors Co. stock, ending the controversial $49.5-billion bailout of the automaker with an approximately $10.5-billion loss for taxpayers. "This marks one of the final...
  • Debt-limit uncertainty already stressing financial markets, Lew warns

    Debt-limit uncertainty already stressing financial markets, Lew warns
    Appearing before lawmakers a week before the deadline to raise the debt limit, Treasury Secretary Jacob J. Lew on Thursday warned that the uncertainty caused by the fiscal stalemate was stressing financial markets and could "deeply damage" the economic...
  • Dodd-Frank: Obama's other big bad law

     Dodd-Frank: Obama's other big bad law
    In July 2010, four months after President Obama signed his universal healthcare act into law, he enacted his other signature achievement, the Dodd-Frank financial reform law. Although we haven't paid as much attention to it, Dodd-Frank is as flawed in its...
  • Majority of Americans want debt limit raised, poll finds

    Majority of Americans want debt limit raised, poll finds
    WASHINGTON -- A majority of Americans want Congress to raise the nation's $16.7-trillion debt limit and would blame Republicans if it isn't, according to a poll released Wednesday. About 56% of respondents said it would be bad for the country if the...
  • Warren Buffett: Debt limit is a 'political weapon of mass destruction'

    Warren Buffett: Debt limit is a 'political weapon of mass destruction'
    WASHINGTON -- Billionaire investor Warren Buffett on Wednesday called the U.S. debt limit a "political weapon of mass destruction" and said both political parties should pledge never to use it as leverage because of the financial damage it can cause. As...
  • House Republicans backing off to avoid debt standoff

    WASHINGTON — With another major fiscal deadline looming at month's end, House Republicans are preparing to seek only modest concessions from President Obama to raise the nation's debt ceiling and will instead try to press their political advantage...
  • White House France state dinner guest list

    White House France state dinner guest list
    The White House has released this list of expected attendees at Tuesday’s state dinner in honor of France. ┬áThe President and Mrs. Obama His Excellency Francois Hollande, president of French Republic Mr. J.J. Abrams, Pacific Palisades, CA Ms....
  • House approves debt limit legislation with no strings attached

    WASHINGTON - The U.S. House of Representatives approved legislation Tuesday to extend the nation’s borrowing capacity for another year, all but ensuring that Congress’ recent fiscal cease-fire extends through the summer. Republican leaders...
  • House passes 'clean' debt ceiling increase

    House passes 'clean' debt ceiling increase
    WASHINGTON — The House of Representatives approved legislation Tuesday to extend the nation's borrowing capacity for another year, lifting the threat of government default and ending — for now — three years of partisan fiscal battles....
  • U.S. Sells Remaining GM Stock

     
    Remember TV commercials in early 2010 where GM's then-CEO Ed Whitacre proclaimed the automaker had paid back its loans in full? Though technically accurate ??? the automaker repaid $8.1 billion in loans from the U.S. and Canadian government in April......
  • Obama takes agenda on tour, urging boost in minimum wage

    WEST MIFFLIN, Pa. — He has taken to saying he has a pen and a phone that he can use to work around Republicans in Congress, but President Obama also has a jet and a helicopter. He used them both Wednesday as he set off on a two-day traveling sales...
  • China eases its one-child policy

    China eases its one-child policy
    BEIJING — China announced Friday that it would ease its deeply unpopular one-child policy, a high-profile move by new leaders to limit a program that has prevented millions of births but helped create an aging population that could constrict...