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Jacob Lew

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Jacob Lew becomes nation's 76th Treasury secretary

Jacob Lew was sworn in Thursday as the nation's 76th Treasury secretary, one day before across-the-board government spending cuts kick in that could hold back the U.S. economy.Vice President Biden swore Lew in during a brief ceremony at the Oval Office, with Lew's wife and family and President Obama looking on.After the ceremony, Lew walked to the Treasury Department and was greeted by employees who lined the steps of the building.Lew, 57, was White House budget director in both the Obama and Clinton administrations. He is expected to play a leading role in negotiating with Congress over ways to resolve the impasse over spending and tax issues....

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  1. White House Emails: Solyndra Default Would Not Look Good for Obama Reelection

    The Obama administration was concerned about the financial health of Solyndra -- and the political consequences if it failed -- even as officials publicly declared t...

  2. Obama Nominates Clinton-Era Budget Director Lew to Replace Orszag

    WASHINGTON -- President Obama on Tuesday nominated Jacob Lew to serve as director of the Office of Management and Budget , saying Lew's experience as budget director...

  3. Obama to Delay Release of Proposed 2012 Fiscal Year Budget

    HONOLULU -- President Barack Obama will push back the release of his budget proposal for fiscal year 2012 by about a week, a delay administration officials blame in ...

  4. Congress Poised to Hit Campaign Trail Before Finishing Basic Budget Duties

    Confirming a new budget director for President Obama may end up being a lot less controversial than actually passing a budget.As lawmakers screened Jacob Lew, Obama'...

  5. Obama Budget Chief Says 'Tough Choices' in Store for Budget Slashers

    WASHINGTON -- President Barack Obama's budget director is pointing to spending cuts in three programs as examples of the "tough choices" ahead in the White House bud...

  6. Chicago Style White House; Budget Hawks Fly High; Steele a Softy

    Daley Pick Would Close Chicago Loop in White House"I'm not going to comment on personnel speculation."-- White House Press Secretary Robert Gibbs to FOX News on repo...

  7. National Menorah to be lit near White House in Washington for 1st night of Hanukkah

    A special lighting ceremony is planned for the National Hanukkah Menorah near the White House on the first night of the eight-day Jewish holiday.On Tuesday, Office o...

  8. A Budget , You Say?

    "1,350"-- The number of days since the Senate last passed a budget, April 29, 2009.Simple ideas are usually the best ones, and the latest idea for dealing with the l...

  9. US takes swipe at China following hacking accusations

    The U.S. has taken its first real swipe at China following accusations that the Beijing government is behind a widespread and systemic hacking campaign targeting U.S...

  10. Power Play 1/11/2013

    Defense cuts, Lew pick casts doubts on budget deal & private gun sales under scrutiny

  11. Louisiana senator holds up OMB nominee vote to protest drilling moratorium

    Louisiana Sen. Mary Landrieu said Thursday she will block a Senate vote to confirm the nominee to a key White House economic office to protest the six-month moratori...

  12. Drilling moratorium imposed after BP spill lifted but uncertainties still face Gulf residents

    Deep water oil drills quieted by a six-month moratorium will again hum off the Gulf Coast, helping an industry that, despite its dangers, puts needed money in the po...

  1. Obama says he didn't 'know anything' about probe into IRS targeting

    President Obama insisted Thursday that he knew nothing about the internal investigation into the IRS' practice of singling out conservative groups for special scruti...

  2. Treasury Secretary Lew working on improving illegible loopy signature

    Treasury Secretary Jacob Lew's loopy signature is showing signs of improvement as he gets ready to affix his "Jacob Lew" to the nation's currency.President Barack Ob...

  3. US Treasury reports $113B surplus in April

    The U.S. Treasury said Friday that it took in a rare surplus of $113 billion in April, the largest in five years. Steady economic growth and higher tax rates have bo...

  4. Sources: IRS official won't plead fifth at hearing on scandal

    Steven Miller, the soon-to-be-former acting commissioner of the Internal Revenue Service, has assured congressional investigators he will cooperate fully with lawmak...

  5. Lew calls on Europe to pursue more growth policies

    Treasury Secretary Jacob Lew called on Europe's leaders to pursue pro-growth policies in the short term rather than trim their budget deficits, noting that the U.S. ...

  6. US, German finance chiefs downplay differences

    The new U.S. Treasury secretary and his German counterpart are downplaying their differences over whether Europe should ease off on austerity in the interests of eco...

  7. White House delay of budget proposal infuriates Republicans

    The White House is delaying for one week the release of President Obama's budget for the 2013 fiscal year that starts Oct. 1, a decision that administration official...

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