(CNN) - As Treasury Secretary Jack Lew was undergoing Senate confirmation hearings earlier this year for his Cabinet post, he took some ribbing over his loopty loop signature–one that would appear on printed currency.
A little more than two months into the job, the new secretary is signing documents with a different, more legible 'John Hancock'...errrr...Jack Lew.
(CNN) - Beyoncé and Jay-Z's recent controversial trip to Cuba was approved by the Treasury Department in advance of their travel, new documents show.
According to a letter obtained by CNN Tuesday, the Treasury Department wrote to two members of Congress who called for an investigation of the trip and explained the type of travel license obtained by the superstar couple.
(CNN) - Cabinet reshuffling is common practice as a president begins a second term, and getting those new nominations confirmed quickly is a priority after the inauguration.
President Barack Obama has new candidates for three top positions pending before the Senate. They include the top jobs at the Pentagon, the State Department and the Treasury.FULL STORY
(CNN) - The Treasury Department does not plan to mint a $1 trillion platinum coin to avert federal government default, a spokesman said Saturday.
The statement from Deputy Assistant Treasury Secretary Anthony Coley effectively puts to bed speculation that the administration would act unilaterally to avert default. It also puts the onus on Congress – specifically Republicans in the House - to act.
Washington (CNNMoney) – President Obama will nominate his White House chief of staff, Jacob "Jack" Lew, to be the next U.S. Treasury Secretary on Thursday, according to a White House official.
Lew, 57, has been the leading candidate for months and would be the second Treasury Secretary during the Obama administration. Obama is expected to make the announcement during an early afternoon event in the East Room of the White House.FULL STORY
New York (CNNMoney) – Jack Lew, Obama's presumptive nominee for U.S. Treasury Secretary will face many challenges if he is confirmed - from increasing the debt ceiling to tackling budget cuts.
He may also have to change his signature.FULL STORY
Washington (CNNMoney) - President Obama will nominate his White House chief of staff, Jacob "Jack" Lew, to be the next U.S. Treasury Secretary on Thursday, a source with knowledge of the nomination tells CNN.
Lew, 57, has been the leading candidate for months and would be the second Treasury Secretary during the Obama administration.FULL STORY
Washington (CNNMoney) - Congress must raise the debt ceiling before the end of February, and possibly sooner. If it doesn't, the United States risks defaulting on its payments to creditors.
That's the key takeaway from a new report released Tuesday by the Bipartisan Policy Center.FULL STORY
New York (CNNMoney) – An Obama administration lending program set up to funnel cash to small banks was expected to cost taxpayers $1.3 billion. Instead, it will turn a profit of $80 million.
But the turnabout isn't all good news: The Treasury Department's Small Business Lending Fund helped far fewer banks than Congress intended.FULL STORY