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 Wednesday February 13, 2013 12:10 pm|
|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.
|By: DSWright Monday February 4, 2013 7:38 am|
After a global financial crisis, an epic price fixing scandal, and embarrassing criminal conduct British regulators are considering ending Too Big To Fail Banking. British Finance Minister George Osborne has proposed legislation that if banks do not shield their riskier investment activities from day to day banking they will face restructuring.
|By: DSWright Friday January 11, 2013 6:36 am|
When President Obama announced Jack Lew’s nomination for Treasury Secretary he promised Lew would help bring people together, I doubt this is what he meant.
|By: DSWright Thursday January 10, 2013 7:39 am|
ack Lew, veteran of Citigroup and current White House Chief of Staff, will be our next Treasury Secretary.
|By: Peterr Friday December 14, 2012 6:35 am|
Scene: the Oval Office
PRESIDENT BARACK OBAMA and CHIEF OF STAFF JACK LEW are seated on the sofas facing one another, with a single sheet of paper in front of LEW on the coffee table between them. Neither looks happy.
|By: David Dayen Tuesday November 27, 2012 6:08 pm|
The White House absolutely wants the Treasury Secretary to be deeply involved with budget issues. But we know this because they’ve already designated current Treasury Secretary Timothy Geithner in the lead negotiating role on the fiscal slope. So while Lew may have the resume, Geithner already has the job, and he has indicated he will not step down until the negotiation gets resolved somehow.
|By: David Dayen Friday November 16, 2012 9:12 am|
Erskine Bowles told Maria Bartiromo last night that he would not serve as the nation’s next Treasury Secretary. This apparently happened off-air, but it has been confirmed in local papers in North Carolina, Bowles’ home state.
|By: David Dayen Monday October 1, 2012 3:23 pm|
The next Administration, whoever it may be, will feature a new direction on policies around economic and finance issues. That’s because, even if Barack Obama wins re-election, Treasury Secretary Timothy Geithner has announced that he would leave his post. So you either get a Romney Presidency and an entirely new direction on these policies, or a second Obama term and a potential new direction. With fiscal issues sure to take prominence in 2013, this is a critical changeover.
So who’s on the Washington short list?
|By: fatster Monday July 2, 2012 6:15 am|
Fatster compiles headlines and links from the stories you might have missived over the weekend, including articles on rendition, drone strikes, Burma, Barclays Bank thieves, House GOP underfunding, dumb ALEC, Rick Scott’s voter purge, private prisons, flood insurance, Jack Lew, Eric Holder ConED strike, phony pregnancy centers, reproductive rights, and much more.