Account
Deputy Treasury Secretary Neal Wolin is carefully stage managing his role in the televised IRS drama. One of four witnesses today before the House Oversight and Government Reform Committee, Wolin carefully stepped outside of camera range when he and the other three witnesses stood to be sworn in, thereby keeping himself out of the iconic swear-in picture. His slid back into his place at the table after the swearing in. Watch the video here Minutes later, after Lois Lerner, the IRS official who pleaded the Fifth and refused to answer questions, was dismissed from the panel, producing an empty seat between Wolin and the other two remaining witnesses, Wolin initially refused to move into the empty seat, next to the other witnesses. "I want to stay here," he whispered to the aide who offered the empty seat. A short time later committee chairman Darryl Issa insisted Wolin move into the empty seat, which he ultimately did. ...
A second U.S. House of Representatives committee announced on Wednesday it will hold a hearing on the Internal Revenue Service's targeting of conservative groups for...
The Congressional Budget Office said Tuesday the federal deficit is expected to shrink to $642 billion in the fiscal year that ends Sept. 30, down sharply from last ...
Long seen as the unofficial king of Wall Street, Jamie Dimon's grasp on power is now under unprecedented assault from those who fear he's grown too dominant.The batt...
A bipartisan group of 12 senators is seeking to exempt non-financial companies from new rules to make banking safer, breathing new life into efforts to reduce the sc...
Treasury Secretary Jack Lew will urge his G-7 colleagues to take action to boost growth and domestic demand at their meeting this weekend in the United Kingdom, a se...
U.S. Treasury Secretary Jack Lew said on Tuesday that he does not know of anyone in Congress who wants to have a "showdown" over the nation's debt limit."On the debt...
Europe's policymakers are starting to recognize chronic unemployment as a crisis in its own right, rather than something that will resolve itself when the economy im...
Treasury Secretary Jack Lew will meet with Wall Street and business executives in New York on Thursday evening to discuss issues, including how to strengthen the U.S...
Green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans, another example of bat...
Morgan Stanley has hired Michele Davis, a public relations official and policy director who helped shape the Treasury Department's strategy during the financial cris...
Portugal's government said on Friday it would challenge in court several high-risk hedge contracts signed by public companies and banks JPMorgan and the local unit o...
A top priority for Washington in the coming year is to take steps to combat the threat of modern-day bank runs and fire sales, Treasury Secretary Jacob Lew said Thur...
Treasury Secretary Jacob Lew urged senators to delay bringing forward a measure to limit too-big-to-fail banks until after the Dodd-Frank legislation has been fully ...
Treasury Secretary Jacob Lew on Tuesday said underwriting standards have loosened in some markets, including certain real estate investment trusts, at the same time ...
Two senior aides to President Barack Obama knew weeks ago about a watchdog report on the U.S. Internal Revenue Service targeting of conservative groups, a spokesman ...
The U.S. will reach its debt limit on Saturday, Treasury Secretary Jacob Lew told congressional leaders in a letter on Friday, but said the U.S. is taking extraordin...
President Barack Obama named top White House budget office aide Daniel Werfel to be acting commissioner of the Internal Revenue Service, the White House said on Thur...
President Barack Obama said on Wednesday that acting IRS Commissioner Steven Miller had resigned in response to the controversy over the agency's targeting of conser...
The Portuguese government and JP Morgan Chase & Co are attempting to resolve a tussle over potentially costly derivative contracts sold by the U.S. investment bank t...
