Los Angeles (CNN) – Ramping up his populist economic message as midterm elections near, President Barack Obama on Thursday singled out large companies that maneuver through legal loopholes to avoid paying U.S. taxes as “corporate deserters.”
Those firms have effectively renounced any allegiance to their home country, Obama claimed during remarks at a community college here.
New York (CNNMoney) - Treasury Secretary Jack Lew told Congressional leaders Friday in essence that the full faith and credit of the United States could be in jeopardy after Feb. 27 if lawmakers don't raise the debt ceiling.
That's when Lew now estimates Treasury will run out of special accounting maneuvers to ensure all the country's bills are paid in full and on time.FULL STORY
Washington (CNN) - House Republican leaders, who signaled they would push for conditions in return for raising the debt limit, have discarded two leading ideas.
One would require approval of the Keystone XL pipeline and the second would repeal an Obamacare provision that helps insurance companies, according to two senior House GOP leadership aides.
New York (CNNMoney) - Only days after the debt ceiling and government shutdown showdown ended, Treasury Secretary Jack Lew promptly waded into the next fiscal fight: forced spending cuts known as the sequester.
He laid out the Obama administration's case in an op-ed for The International New York Times that the failure to replace the across-the-board "blunt spending cuts" would hurt the U.S. economy.FULL STORY
Updated 5:24 p.m. ET, 10/20/2013
Washington (CNN) - President Barack Obama on Monday will talk about the website glitches that have plagued the application process for health care insurance since the new exchanges opened up this month.
In Rose Garden remarks about the Affordable Care Act, the president will reiterate his stance that he finds the technical problems unacceptable and will discuss steps his administration has taken to get them fixed, a White House official said Sunday.
New York (CNNMoney) - If the United States were to get close to the debt ceiling deadline, or even go over it, the consequences would be unthinkable, warned U.S. Treasury Secretary Jack Lew.
In a series of TV interviews, Lew sounded alarm bells over the fast-approaching limit to the U.S. borrowing authority. With the deadline just over a week away, Lew blasted lawmakers for "playing with fire" by not raising the debt limit.FULL STORY
(CNN) - With 11 days left for Congress to vote to raise the nation's borrowing limit, and the government shut down, Treasury Secretary Jack Lew underscored the importance of raising the debt ceiling to avoid dire consequences domestically and around the world.
"On the 17th we run out of our ability to borrow, and Congress is playing with fire if they don't extend the debt limit," Lew said, appearing Sunday on CNN’s "State of the Union” with Candy Crowley.
New York (CNNMoney) - Treasury to Congress: The heat's on to raise the country's debt ceiling.
Treasury Secretary Jack Lew said Wednesday he now estimates he will have less cash on hand to pay the country's bills in mid-October than he previously thought.FULL STORY
New York (CNNMoney) - The United States will reach the limit of its borrowing authority in mid-October, Treasury Secretary Jack Lew said Monday.
At that point, Lew warned, unless Congress has raised the debt ceiling, the Treasury Department will only be able to pay the country's incoming bills with the cash it has on hand.FULL STORY
(CNN) - City employees and pensioners in Detroit shouldn’t hold their breath for a federal bailout of their bankrupt city.
U.S. Treasury Secretary Jack Lew had that message for them Sunday, telling CNN’s “State of the Union” that Detroit’s debt problems were between the city and its creditors.