Obama offers populist message on corporate taxes at end of fundraising trip
July 24th, 2014
06:25 PM ET
2 months ago

Obama offers populist message on corporate taxes at end of fundraising trip

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.

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Filed under: Democrats • Economy • Jack Lew • President Obama • Republicans • Taxes • Treasury • Treasury Department • White House
Obama keeps pressure on Congress in weekly address
September 21st, 2013
09:00 AM ET
12 months ago

Obama keeps pressure on Congress in weekly address

WASHINGTON (CNN) - Five years after the economic collapse, President Barack Obama warned Americans on Saturday that if Congress does not pass a budget to prevent the government from shutting down, the nation could be headed toward another fiscal calamity.

"After five years spent digging out of crisis, the last thing we need is for Washington to manufacture another," Obama said in his weekly address.

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Filed under: Budget • Congress • Debt • Economy • Health care • John Boehner • President Obama • Treasury Department
Debt ceiling 'X date' could hit Oct. 18
September 10th, 2013
10:21 AM ET
1 year ago

Debt ceiling 'X date' could hit Oct. 18

New York (CNNMoney) - A new analysis by a think tank shows that Washington's drop-dead deadline for the debt ceiling could hit as soon as Oct. 18.

Estimating exactly when the Treasury Department will be unable to pay all the bills coming due every day if Congress fails to raise the nation's legal borrowing limit is notoriously difficult.

That's why, in an analysis released Tuesday, the Bipartisan Policy Center put the "X date" between Oct. 18 and Nov. 5.

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Filed under: Debt • Treasury Department
Is Jack Lew changing his signature?
May 7th, 2013
11:07 AM ET
1 year ago

Is Jack Lew changing his signature?

(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.

Jack Lew signature1

 

 

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.

Jack Lew signature

 

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Filed under: Jack Lew • Treasury Department
Cubans welcome Beyonce and Jay-Z
April 9th, 2013
08:10 PM ET
1 year ago

Treasury says Beyoncé and Jay-Z’s trip was approved

(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.
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Filed under: Cuba • Treasury Department
Lew confirmed as Treasury secretary
February 27th, 2013
06:12 PM ET
2 years ago

Lew confirmed as Treasury secretary

Washington (CNN) - The Senate voted on Wednesday to confirm Jack Lew as U.S. Treasury secretary.

Lew, 57, most recently served as the White House chief-of-staff. He was confirmed with a 71-26 vote. Compared with the bruising confirmation battle of Chuck Hagel as Defense secretary, Lew's was a breeze.

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Filed under: Jack Lew • Treasury Department
By the Numbers: Confirmation hearings
January 24th, 2013
04:43 PM ET
2 years ago

By the Numbers: Confirmation hearings

(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.

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Treasury Department rules out $1 trillion coin
January 12th, 2013
05:39 PM ET
2 years ago

Treasury Department rules out $1 trillion coin

(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.
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Filed under: Deficit • Treasury Department
Obama to name Jack Lew his Treasury Secretary
January 10th, 2013
07:32 AM ET
2 years ago

Obama to name Jack Lew his Treasury Secretary

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.

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Filed under: Jack Lew • President Obama • Treasury Department
Jack Lew's first task could be changing his signature
January 9th, 2013
01:35 PM ET
2 years ago

Jack Lew's first task could be changing his signature

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.

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Filed under: Jack Lew • Treasury Department
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