We now have an official debt limit deadline. Today, Treasury Secretary Jack Lew sent Congress a letter informing them there will not be enough cash on hand to pay all our bills starting October 17. That is the date by which Congress needs to raise the debt limit or risk causing significant financial damage.
|By: letsgetitdone Sunday September 1, 2013 9:00 am|
Stories in The Washington Post and the New York Times have some in the blogosphere proclaiming that it’s time to celebrate the death of the Grand Bargain, and others at least raising a question about its death. I’ll go on record as saying that celebrating its death is definitely premature.
|By: DSWright Thursday July 18, 2013 6:30 am|
Citigroup alumn and current U.S. Treasury Secretary Jack Lew has claimed that if the ever looming threat of banking institutions that are so big their failure would bring down the economy is not eliminated by year’s end further actions will be needed.
|By: DSWright Friday May 3, 2013 6:50 am|
The partisan gridlock in Washington combined with a slow moving vetting process has led to many of the key posts in the Obama Administration remaining vacant. Even as the administration asks for more power to police the internet and meddle in other country’s affairs abroad it lacks the staff to meet current responsibilities.
|By: TomThumb Tuesday April 9, 2013 6:00 pm|
Treasury Secretary Lew goes to Berlin. Mr. Lew encourages Europeans to reduce their austerity measures because they are ruining their economies. He wants Europeans to spur their demand or spending. That is a good suggestion.
|By: DSWright Thursday February 28, 2013 6:35 am|
Despite a slew of damaging revelations Jack Lew has been confirmed by the Senate. With a 71-26 vote Lew received more Republican support than Chuck Hagel. On some level Lew’s easy confirmation is a testament to how much influence Wall Street has in Washington but it still is interesting to compare the two nominations and their confirmation fights when you look at the actual evidence.
|By: DSWright Monday February 25, 2013 6:48 am|
President Obama’s Treasury Secretary nominee not only worked for the Citigroup hedge fund that shorted the housing market, invested in off-shore tax havens, and took a nice bonus from TARP money – he had a provision written into his employment contract that encouraged him to return to government service.
|By: DSWright Thursday February 14, 2013 9:11 am|
Treasury Secretary nominee Jack Lew made a stunning and fantastic claim at his confirmation hearing, namely that the Too Big To Fail or systemic risk threat from the mega banks no longer existed. That the problem had been solved by the Dodd-Frank legislation.
|By: DSWright Wednesday February 13, 2013 12:10 pm|
Treasury Secretary nominee Jack Lew went before the Senate Finance Committee today for his confirmation hearing. The hearing was mostly deferential with Lew finding considerable agreement with the Republicans on the committee, particularly on trade and corporate tax policy, but Lew did face questions over his bonuses at Citigroup and tax shelters in the Cayman Islands.
|By: DSWright Monday February 11, 2013 6:01 am|
Jack Lew’s nomination for Treasury Secretary was already proving to be contentious but now questions are being raised on Lew’s personal financial activities. Lew reportedly made an offshore investment in the Cayman Islands that may have been an attempt to avoid taxes.