Jack Lew

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Senate Confirms Ambassador to Israel

2 Republicans voted with Democrats to confirm Jack Lew

(Newser) - The Senate has confirmed an ambassador to Israel, filling a post that had been vacant since July at a crucial time for the US-Israel alliance. Former Treasury Secretary Jack Lew, who served in the Obama administration, was confirmed in a 53-44 vote , with Republican Sens. Lindsey Graham and Rand Paul...

We Don't Have an Ambassador to Israel Right Now

Senate is now reviewing nomination of former Treasury secretary Jack Lew

(Newser) - President Biden's nominee to be ambassador to Israel told senators Wednesday that he would "ensure Israel has what it needs to defend itself" and would work with the US ally to end the attacks by Hamas if he were confirmed. Jack Lew, a treasury secretary under President Obama,...

Hamilton Creator: Founding Father Will Stay on $10 Bill

Treasury Secretary says he'll be 'very happy'

(Newser) - Fans of Alexander Hamilton need not fear a new design for the $10 bill. Lin-Manuel Miranda, creator and star of Broadway musical Hamilton, says Treasury Secretary Jack Lew assured him during a Monday meeting that he is "going to be very happy" with the new bill design, to begin...

Can't Set Up a Retirement Plan? Now You Can, Gov't Says

New myRA savings plan is free, no-risk vehicle for lower, middle classes

(Newser) - About one-third of non-retired Americans have no retirement savings or pensions to their names—and the government says it has just the thing to remedy that. Cue myRA , a free, no-risk savings plan designed for people who don't have access to (or can't afford) 401(k)s, IRAs, or other...

Poll: Harriet Tubman Should Be on the $20

She beats out Eleanor Roosevelt and other luminaries in bid to get Jackson replaced

(Newser) - Nothing is officially settled in the debate over a replacement face for the $20 bill . But a poll that received more than 600,000 votes shows Harriet Tubman as the clear preference to take Andrew Jackson's spot, USA Today reports. The Women on 20s campaign had four finalists in...

Jack Lew: US About to Default on Its Debt

Treasury secretary asks Congress to extend the debt limit

(Newser) - US Treasury Secretary Jack Lew sent a message to Congress today: To wit, we need more money, and fast. Lew warned lawmakers that they'd better raise the country's borrowing limit before the current debt-limit suspension expires on Friday and reinstates a $16.7 trillion cap, the BBC reports....

Lew on Debt Ceiling Showdown: Never Again
 Lew on Debt Ceiling Showdown: Never Again 

Lew on Debt Ceiling Showdown: Never Again

'Cannot take a risk with the full faith and credit'

(Newser) - For lawmakers who might be getting used to last-minute debt ceiling showdowns, the country's Treasury secretary has a message: Not so fast, sunshine. "The message that we have to send going forward is that there was a turning point on Wednesday night and this won't happen again,...

Cruz: Tie Debt Ceiling to ObamaCare
 Cruz: Tie 
 Debt Ceiling 
 to ObamaCare 

Cruz: Tie Debt Ceiling to ObamaCare

Also thinks GOP is 'winning the argument'

(Newser) - Ted Cruz today called for "ways to mitigate the harms from ObamaCare," and he's looking squarely at you, debt ceiling showdown: "The debt ceiling historically has been among the best leverage that Congress has to rein in the executive," he said today on State of ...

Lew: The Government Runs Out of Money in 3 Weeks

Jack Lew says we need a debt ceiling deal by Oct. 17

(Newser) - Treasury Secretary Jack Lew today for the first time offered a debt ceiling deadline—and it's pretty soon. In a letter to John Boehner, Lew said the government will be unable to pay its bills unless Congress passes a debt limit bump by Oct. 17. On that day, the...

Lew: Do. Not. Mess. With. Debt Ceiling.
 Lew: Do. Not. 
 Mess. With. 
 Debt Ceiling. 

Lew: Do. Not. Mess. With. Debt Ceiling.

Treasury sec fires warning shot, says Obama won't negotiate with Congress in fall

(Newser) - Jack Lew has stern words for Republicans looking to pick a new fight this fall over raising the debt ceiling: Don't even think about it. "Congress can't let us default," the Treasury secretary said today, adding that the White House has been "crystal clear" that...

Medicare Fund Gets Less Dire Diagnosis

Trustees say it can keep paying benefits until 2026

(Newser) - Not a hoax, not a dream, not an imaginary story: Medicare is doing better financially than anyone thought. The main trust fund that funds the healthcare program has announced that it expects to be able to pay full benefits through 2026, two years longer than previously believed, the Wall Street ...

Treasury Knew About IRS Inquiry in 2012: Inspector

J. Russell George says top Treasury officials were briefed

(Newser) - Here's your daily dose of IRS "cover up" outrage fodder: The Treasury Department’s inspector general says he told top Treasury officials about the IRS probe in 2012, the New York Times reports. J. Russell George told the Congressional hearing today that he informed both members of the...

Jack Lew Working Hard to Keep This Off Our Dollar Bills

Treasury secretary's signature showing signs of improvement

(Newser) - 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 Obama joked in January when he nominated Lew for the Treasury post that he had never noticed before how illegible Lew's...

Senate Confirms Jack Lew to Be Treasury Chief

He succeeds Geithner, has pretty cool signature

(Newser) - The Senate confirmed Jacob ("Jack") Lew to be Treasury secretary, affirming President Obama's choice of a budget expert at a time when Congress and the White House are at odds over sharp government spending cuts. The Senate voted 71-26 to support the nomination. Lew, 57, who had...

Senate Panel OKs Jack Lew
 Senate Panel 
 OKs Jack Lew 

Senate Panel OKs Jack Lew

Treasury nominee now heads to full Senate

(Newser) - The Senate Finance Committee has given Jack Lew its stamp of approval, pushing forward his semi-contentious nomination as secretary of the Treasury by a 19-5 vote, reports Politico . Max Baucus, the panel's Democrat chairman, said ahead of the vote that Lew had answered all questions "in a thorough...

Woodward: This Is Obama's Sequester

He 'personally approved' the plan suggested by his own staffers

(Newser) - John Boehner and other Republicans have taken to calling the automatic spending cuts set to take effect in a week as the "president's sequester." It may sound like typical DC blame-shifting, but Republicans happen to be exactly right in this case, writes Bob Woodward in the Washington ...

Really? A Failed Citibanker for Treasury Secretary?

The Wall Street Journal isn't impressed by Jack Lew

(Newser) - Few Wall Street denizens were laughing during the 2008 financial crisis, but if someone had said the head of Citigroup's Alternative Investments unit would be Treasury Secretary in five years "the line would have brought the house down," a Wall Street Journal editorial quips today. Jack Lew'...

Obama Is Assembling a Lousy Cabinet
Obama Is Assembling
a Lousy Cabinet

Obama Is Assembling a Lousy Cabinet

'Usual suspects' are uninspiring: David Rothkopf

(Newser) - John Kerry. Jack Lew. Chuck Hagel. John Brennan. All fine, capable men, writes David Rothkopf at the Washington Post . But taken together as the nucleus of President Obama's foreign policy team? Blah. What happened to the "team of rivals"? Instead, we're getting a Cabinet filled with...

Obama: Jack Lew Will Work on His Signature

President jokes he wants at least one legible letter

(Newser) - As expected , President Obama nominated chief of staff Jack Lew to replace Tim Geithner as Treasury secretary today. After ticking off the challenges of the first term, Obama said Geithner would go down in history as "one of our finest secretaries of the Treasury," reports Business Insider...

Coming Soon to Our Dollar Bills?
Coming Soon to Our 
Dollar Bills?

Coming Soon to Our Dollar Bills?

Jack Lew's signature is ... unique

(Newser) - Jacob (Jack) Lew is expected to replace Tim Geithner as treasury secretary, but much of the related chatter today is about his signature rather than fiscal policy. Why? Because as Kevin Roose at Daily Intel points out, the signature that might soon be gracing our paper currency looks like a...

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