United States Secretary of the Treasury

What new Treasury Secretary nominee doesn’t know could be a problem

What new Treasury Secretary nominee doesn’t know could be a problem

President Barack Obama broke the mold on Thursday by choosing a budget wonk to serve as U.S. Treasury secretary, leaving gaps on the international and financial side that could make for a rocky transition. Jack Lew, Obama’s chief of staff, was chosen to lead the Treasury Department as the White House heads into another round […]

Obama turns a page at Treasury with Lew nomination

Obama turns a page at Treasury with Lew nomination

Jack Lew, President Barack Obama’s nominee for treasury secretary, is a premier federal budget expert who would take the helm of the government’s main agency for economic and fiscal policy just as the administration girds itself for a new confrontation with congressional Republicans over the nation’s debt and deficits. Obama will nominate Lew on Thursday […]

Bank bill passes but work remains

Bank bill passes but work remains

In the end, it’s only a beginning. The far-reaching new banking and consumer protection bill awaiting President Barack Obama’s signature now shifts from the politicians to the technocrats. The legislation gives regulators latitude and time to come up with new rules, requires scores of studies and, in some instances, depends on international agreements falling into […]