Tag: Jack Lew

• Friday, May 29th 2015 - 09:16 UTC

  G7 finance chiefs meet in Dresden to discuss global recovery, but Greece overshadows

  

  Finance chiefs and central bankers from the Group of Seven economic powers discussed ways to revive the faltering global recovery on Thursday as the United States leant on Europe to reach a deal to avert a Greek bankruptcy. The threat of a Greek default, rising oil prices and bond market volatility are fuelling investor nervousness about the world's economy.

• Thursday, October 31st 2013 - 03:46 UTC

  US with the lowest federal budget deficit since 2008: surplus in September

  

  Tax increases, spending cuts and a stronger economy nearly sliced the United States budget deficit in half in fiscal 2013, reducing it to the lowest level since 2008, Treasury Department data showed. The federal government took in 75.1 billion more than it spent last month, leaving the deficit for the fiscal year, which runs from October to September, at 680 billion, down from 1.09 trillion in 2012.

• Tuesday, May 14th 2013 - 06:26 UTC

  Watch out for the new dollars bills: Treasury bans loopy signatures

  

  US Treasury Secretary Jack Lew, who was mocked for his loopy signature, has offered a more legible version. His new sign-off, on a recent Treasury report, showed an attempt to lay out the letters more clearly.

• Wednesday, February 27th 2013 - 05:10 UTC

  Jack Lew closer to becoming US Treasury Secretary; Senate votes Hagel for the Pentagon

  

  Jack Lew won the Senate Finance Committee’s approval to become US Treasury secretary and a full vote in the upper house confirmed Chuck Hagel as the next US defense secretary. The Senate approved the nomination Tuesday in a vote of 58 to 41.

• Friday, January 11th 2013 - 08:25 UTC

  Obama nominates budget expert to replace Geithner as Treasury Secretary

  

  US President Barack Obama on Thursday nominated his chief of staff, Jack Lew, as the next Treasury secretary, praising him as a expert on the pressing national issues of spending cuts and deficit reduction.

• Friday, September 2nd 2011 - 08:31 UTC

  Obama hints mix of tax cuts and infrastructure spending in next week jobs speech

  

  US President Barack Obama sharply cut estimates for US economic growth, underscoring the difficult challenge he faces in spurring a stronger recovery and creating more jobs.