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Jacob Lew

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U.S. To Reach Debt Limit Saturday: Lew

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 extraordinary measures to keep paying bills. Lew said those measures, including previously announced suspension of sales of state and local Treasury securities, won't be exhausted until "after Labor Day." That's a slight adjustment from his statement earlier this month about being "okay until Labor Day." Other measures include suspending reinvestment of Treasury securities held by a federal employee retirement plan.Copyright © 2013 MarketWatch, Inc....

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  1. EU Banking Union at Center of Talks with Lew

    Plans to bring Europe's banks under unified supervision and to reform the rules governing the euro were at the core of the talks U.S. Treasury Secretary Jacob Lew he...

  2. Lew Will Press Europe On Growth, Banking Regulatio

    Treasury Secretary Jacob Lew will press European leaders to take steps to boost domestic demand and strengthen common banking regulations during his first trip to th...

  3. Lew And IMF's Lagarde Meet To Discuss Europe

    Treasury Secretary Jacob Lew and IMF Managing Director Christine Lagarde met Tuesday morning and discussed developments in Europe, a Treasury spokesperson said. Lew ...

  4. Lew To Head To Europe For Talks With Officials

    Treasury Secretary Jacob Lew will travel to Europe later in April to meet senior European leaders, including European Central Bank President Mario Draghi and German ...

  5. Morgan Stanley CFO Porat Says No To Treasury Job

    Morgan Stanley's chief financial officer, Ruth Porat, told Obama administration officials this week that she is no longer interested in the deputy Treasury secretary...

  6. WEEK AHEAD: Retailers, Oracle, FedEx to Report Earnings

    As next week offers a light earnings calendar, investors likely will focus their attention on the U.S. Federal Reserve's meeting, housing data reports and Hostess Br...

  7. Obama, China's Xi Talk North Korea, Exchange Rates

    President Barack Obama and new Chinese President Xi Jinping spoke on the telephone Thursday about the future of bilateral ties between the two countries, White House...

  8. Treasury Secretary Lew Meets With Labor, Civil Rights Groups

    Treasury Secretary Jacob Lew Monday met with labor leaders, civil rights groups and left-leaning think tanks to discuss the economy, the first such meeting at Treasu...

  9. Burwell Picked To Head White House OMB

    U.S. President Barack Obama plans to nominate Sylvia Mathews Burwell to become the head of the White House's Office of Management and Budget, Reuters reports Sunday,...

  10. Sources: Wal-Mart Foundation's Burwell to be Nominated White House OMB Chief -Reuters

    U.S. President Barack Obama plans to nominate Sylvia Mathews Burwell to become the head of the White House's Office of Management and Budget, Reuters reports Sunday,...

  11. U.S. Treasury Secretary Nominee Wants Tax Overhaul

    Jacob Lew, the nominee for Treasury secretary, said he would make it a priority to overhaul the U.S. tax code, in an effort the Obama administration hopes will lead ...

  12. Lew Didn't Make Investment Decisions at Citi

    Treasury nominee Jacob Lew Wednesday said he wasn't responsible for investment decisions when he worked at Citigroup Inc. (C), though he was aware that some funds we...

  1. CBO Says 2013 U.S. Budget Deficit Estimated at $642 Billion

    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 ...

  2. Lew: U.S. Must Combat 'destabilizing' Bank Runs

    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...

  3. Lew: Signs Of Progress In IMF Talks With Egypt

    There have been signs of progress in talks between the International Monetary Fund and Egyptian officials over a proposed $4.8 billion loan, Treasury Secretary Jacob...

  4. Lew Pushes Europe To Help Spur Global Demand

    Europe must play a leading role in spurring renewed global demand, Treasury Secretary Jacob Lew said Wednesday. "Strong demand in Europe is critical to global growth...

  5. Lew Balks at Projecting When We'll Hit Debt Limit

    Treasury Secretary Jacob Lew said Tuesday it is too soon to know with any certainty when the U.S. would hit the debt limit. Earlier this year, Congress put off the d...

  6. Lew: White House Open To Individual Tax Reform

    The White House is open to working with House Republicans on an overhaul of the individual tax code, Treasury Secretary Jacob Lew said Thursday. Rep. Dave Camp, a Re...

  7. Lew: Budget Is 'serious Proposal At Serious Time'

    President Barack Obama's new $3.77 trillion budget "is a serious proposal at a serious time," said Treasury Secretary Jacob Lew on Thursday. "There is a path to a bi...

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