Obama offers populist message on corporate taxes at end of fundraising trip
July 24th, 2014
06:25 PM ET
3 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
Treasury: Even talking about default hurts economy
October 3rd, 2013
10:50 AM ET
1 year ago

Treasury: Even talking about default hurts economy

New York (CNNMoney) - The United States has never willfully defaulted on any of its legal obligations. So the consequences of doing so are unknowable.

But the general consensus is that it could be catastrophic. Or, in the best-case scenario, seriously damaging to the economy.

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Filed under: Debt • Government Shutdown • national debt • Treasury
It's official: Jack Lew's new signature
Bills with Treasury Secretary Jack Lew's signature will go into circulation this fall.
June 18th, 2013
02:22 PM ET
1 year ago

It's official: Jack Lew's new signature

New York (CNNMoney) - It's official: Treasury Secretary Jack Lew has undergone a transformation, at least when it comes to penmanship.

The Treasury Department on Tuesday unveiled Lew's official new signature, which will soon grace the bottom right corner of every bill in your wallet.

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Filed under: Jack Lew • Treasury
IG letter to Geithner: Targeting not among top concerns
May 18th, 2013
07:45 PM ET
1 year ago

IG letter to Geithner: Targeting not among top concerns

(CNN) - Treasury officials were made aware in June 2012 that the IRS inspector general was reviewing the office that handles tax-exempt applications, but a letter from October shows that the inspector general did not highlight the audit as a top concern for the agency.

In a memo dated October 15, 2012, to then-Treasury Secretary Tim Geithner about IRS challenges for 2013, Inspector General J. Russell George noted other problem areas, but made no mention of the investigation taking place at the time of the agency's intense scrutiny of conservative groups seeking tax-exempt status.
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Filed under: 2013 • IRS • Treasury
Lew moves closer to confirmation with Senate Finance vote
February 26th, 2013
11:01 AM ET
2 years ago

Lew moves closer to confirmation with Senate Finance vote

(CNN) - Jack Lew came one step closer to Senate confirmation as President Barack Obama's second Treasury secretary when the Senate Finance Committee approved his nomination Tuesday.

His nomination now goes to the full Senate where he is expected to be easily confirmed – especially compared to Obama's nominee for Defense secretary, former Sen. Chuck Hagel, who faced a Republican filibuster of his nomination
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Filed under: Jack Lew • Senate • Treasury
Republicans grilling Treasury Secretary nominee
February 13th, 2013
01:00 PM ET
2 years ago

Republicans grilling Treasury Secretary nominee

Washington (CNNMoney) – Treasury Secretary nominee Jack Lew faced some tough questions during his first confirmation hearing on Wednesday, as Republicans targeted his experience at Citigroup during the financial crisis.

In particular, lawmakers on the Senate Finance Committee asked Lew, now the White House Chief of Staff, about a fund organized in the Cayman Islands that he and other Citigroup employees invested in while he was employed there.

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Filed under: CNNMoney.com • Jack Lew • Senate • Treasury
Republicans probe Treasury pick Lew over Medicare law
February 4th, 2013
12:34 PM ET
2 years ago

Republicans probe Treasury pick Lew over Medicare law

Washington (CNNMoney) - It won't all be smooth sailing for Treasury Secretary nominee Jack Lew.

On Monday, a group of eight Republican senators fired out a letter claiming that Lew didn't comply with a federal law over Medicare funds while he was running the White House budget office.

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Filed under: Jack Lew • Treasury
Lew: What the would-be Treasury chief is worth
January 25th, 2013
08:18 AM ET
2 years ago

Lew: What the would-be Treasury chief is worth

Washington (CNNMoney) - Jack Lew, the nominee to be the next Treasury Secretary, would be among the least wealthy to hold the job in recent history, even though he had a short tenure on Wall Street.

That's partly due to the fact that, as an investor, he's quite conservative.

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Filed under: Jack Lew • Treasury
Obama administration: Debt ceiling deadline coming soon
January 14th, 2013
05:22 PM ET
2 years ago

Obama administration: Debt ceiling deadline coming soon

New York (CNNMoney) - The Obama administration on Monday turned up the heat on Congress to raise the debt ceiling.

The Treasury Department, hours after President Obama again said he would not negotiate with Congress over the issue, said it will run out of ways to keep the country under the legal borrowing limit sometime between mid-February and early March.

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Filed under: CNNMoney.com • Debt • Treasury
January 3rd, 2013
08:18 PM ET
2 years ago

Big cabinet decisions loom as Obama vacations

Honolulu, Hawaii (CNN) - As a new Congress takes over on Capitol Hill, all eyes are turning to what will certainly be a vastly different Obama Cabinet in the coming weeks.

High-level vacancies in the administration are expected to include secretary of state, secretary of defense and treasury secretary. A permanent CIA director also must be chosen.
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