(AP) Markets rise even as US government shutdown startsBy STEVE ROTHWELLAP Markets WriterNEW YORKInvestors stayed calm on the first day of a partial shutdown of the U.S. government Tuesday and sent the stock market modestly higher.A long-running dispute in Washington
In meetings Wednesday and Thursday, House Speaker John Boehner reached out to key Democrat leaders, hoping to restart negotiations to avoid a government shutdown and reach a deal on lifting the nation’s debt ceiling. In a meeting with Treasury Secretary
On Tuesday, Obama Treasury Secretary Jack Lew said President Barack Obama refuses to compromise or negotiate on spending cuts in exchange for an agreement to raise the nation’s $16.7 trillion debt ceiling. “The president will not negotiate conditions on the
“Free at last, Free at last, Thank God almighty we are free at last.” — Rev Martin Luther King Jr. The speculation about who will be chosen by President Barack Obama to succeed Federal Reserve Board Chairman Ben Bernanke has
Secretary of the Treasury Jack Lew called on Congress Thursday to “raise the debt ceiling as soon as members get back to Washington after summer recess.” Lew delivered a strident, partisan speech, repeating familiar arguments from the 2012 presidential campaign.
As Congress returns from recess next month following August’s town hall battles over immigration, it will take up the ever-controversial issue of the debt ceiling, plus tax reform. Secretary of the Treasury Jack Lew will be at the center of the
It is difficult to explain to Americans, particularly young Americans, what was wrong with the Clinton era, and why we ought not want to re-live it. The 1990s are sealed into our national memory as a time of great prosperity
On Friday, House Oversight Committee chairman Darrell Issa (R-CA) blasted Treasury Secretary Jack Lew, accusing him of obstructing the House’s investigation into the IRS’ discrimination against conservative non-profits in applications before and during the 2012 election cycle. Lew, said Issa,
Today, following a sharp exchange with Acting IRS Commissioner Danny Werfel, House Oversight and Government Reform Committee Chairman Darrell Issa issued a subpoena to Treasury Secretary Jacob Lew demanding more documents. Via The Washington Examiner: The California Republican accused the IRS
Secretary of the Treasury Jack Lew doesn’t exactly have the best reputation for honesty, having misled Congress about President Barack Obama’s debts, and having claimed–falsely–that Obama’s budgets were stalled in the Senate because of a Republican filibuster threat. On Sunday,
Visit NBCNews.com for breaking news, world news, and news about the economy Treasury Secretary Jack Lew discusses Obama’s “Phony Scandal” response to pressure over controversies like the IRS targeting conservative and Tea Party groups.
On ABC’s This Week on Sunday, Treasury Secretary Jack Lew threatened that President Obama would veto any bill cutting domestic spending, and said Obama would not hold negotiations of any sort on the debt ceiling. “Congress can’t let us default,”
Despite reports on Sunday that four out of five US adults will spend at least part of their life in poverty, on welfare, or jobless, Treasury Secretary Jack Lew said on Sunday that the United States is doing well compared
In a New York Times interview published Saturday, President Obama came out foursquare against the Keystone XL pipeline, claiming that it would not create jobs. “Republicans have said that this would be a big jobs generator,” Obama said. “There is
On Sunday, Treasury Secretary Jack Lew told CNN’s State of the Union that the city of Detroit would not be bailed out by the federal government. “Detroit has serious challenges,” he said. “We support Detroit in its efforts. But Detroit’s
Appearing on CNN’s State of the Union on Sunday, Treasury Secretary Jack Lew threatened new taxes designed to extract cash from the American people. “Just to like be clear on taxes,” he said, “yes, I think we have some areas
Sen. Mike Lee on “Fox News Sunday” discussing Treasury Secretary Jack Lew’s comments moments before refusing to answer whether he had spoken with the IRS Chief Counsel William Wilkins about the agency’s targeting of conservative and Tea Party groups.
US Treasury Secretary Jack Lew on “Fox News Sunday” will not say one way or the other whether he has talked to IRS Chief Counsel William Wilkins about the scandal that arose from the agency’s targeting of conservative and Tea
Massachusetts Democrat Elizabeth Warren and Arizona Republican John McCain have introduced legislation to separate commercial and investment banking a la the Depression era Glass-Steagall. The proposal is more of a political exercise since the legislation has little chance of approval,
Rep. Sean Duffy (R-Wis.) questioning Treasury Secretary Jack Lew’s previous statements about when he knew about the IRS targeting conservative groups
On Tuesday, U.S. Senator John Thune (R-SD) sent a letter to Attorney General Eric Holder and Treasury Secretary Jack Lew questioning the wisdom of placing Sarah Hall Ingram, the embattled former Internal Revenue Service (IRS) commissioner for tax-exempt groups, in
In the drip-drip-drip strategy of information release that characterizes the Obama White House, on Tuesday White House press secretary Jay Carney admitted that Mark Childress, deputy chief of the White House staff, had two conversations with the Treasury Department about
The obfuscation continues. Monday’s White House press briefing was enlightening, in many respects, with regard to the ever evolving story of whom at the White House knew about the IRS IG report on the targeting of conservative groups for inappropriate, extra scrutiny.
On Tuesday, the Senate Finance Committee will grill Douglas Shulman, the IRS Commissioner who stepped down last November but was in charge when the agency began targeting Tea Party and conservative organizations as early as 2010. This will be Shulman’s
On Friday, Treasury Secretary Jack Lew told Congress that the Obama administration would rather risk default than negotiate with Republicans in Congress over raising the debt limit. He said the Treasury Department will begin taking “extraordinary” measures to avoid default
