Treasury Secretary Jack Lew will visit bankrupt Detroit this week to highlight the Obama administration’s “continued commitment to the city’s revitalization and explore ways to promote job creation and economic growth,” according to an advisory his department released on Monday. Lew will meet with leaders from philanthropic foundations on Thursday to discuss economic development in…
Treasury Secretary Jack Lew will have an outpatient surgical procedure in New York on Tuesday for treatment of a benign enlarged prostate, the Treasury Department said on Sunday. Lew expects to stay at home in New York for the rest of the week, and “his physician expects that he will be able to return to…
U.S. Secretary of State John Kerry and Treasury Secretary Jack Lew will speak at the annual AIPAC conference. A spokesman for the American Israel Public Affairs Committee confirmed the administration speakers but did not give the dates of their speeches at next week’s event. Also speaking at the conference, which is expected to draw a…
The United States is prepared to move against violators of its sanctions against Iran, U.S. Treasury Secretary Jack Lew told the American Jewish Joint Distribution Committee. “Our enforcement of the sanctions regime will be as unflinching as ever, so any CEO, general counsel or businessperson who thinks now might be a time to test our…
When President Obama nominated Jack Lew to be his next treasury secretary, he could not avoid teasing Lew for his only known fault – his illegible signature. “Jack assures me that he is going to work to make at least one letter legible in order not to debase our currency should he be confirmed as…
Dysfunction in Washington is one of the biggest drags on the U.S. economy, undermining confidence and crimping growth, Treasury Secretary Jack Lew said on Tuesday. “One of the most significant speed bumps for growth is coming straight from Washington, where some political leaders continue to generate one manufactured crisis after the next,” Lew said in…
The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama’s new Treasury secretary, putting the former White House chief of staff in the middle of political brawls over the government’s budget. Senators backed Lew 71-26, with all 53 Democrats voting in favor. Lew’s most pressing task will be to find a compromise to…
The Senate Finance Committee on Tuesday backed President Barack Obama’s nominee to head the U.S. Treasury, Jack Lew, despite some concerns about his perks from previous employers, clearing the way for a confirmation vote in the full Senate. With the 19-5 vote, about half the panel’s 11 Republicans opposed Lew’s nomination. Senate Democratic leader Harry…
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