Lanhee Chen, Hoover Institution research fellow, discuss corporate tax reform and what it means for companies to show "economic patriotism."» Read More
WASHINGTON— Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. At that point, unless Congress acts, the program will collect only enough payroll taxes to pay 81 percent of benefits.
*By invoking 1969 law, Obama could bypass Congress- former Treasury official. *Treasury Secretary Lew renews call for urgent action by U.S. Congress.
WASHINGTON— Medicare's financial future is looking brighter despite a growing wave of baby boomers reaching retirement. As for Social Security, its massive retirement program will remain solvent until 2034, although disability benefits are in more immediate danger.
LOS ANGELES— Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. "I don't care if it's legal," Obama declared.
Treasury Secretary Jacob Lew will deliver remarks at the Inaugural Rural Opportunity Investment Conference hosted by the White House Rural Council.
Treasury Assistant Secretary for Tax Policy Mark Mazur participates in panel, "Improving Inducements for Energy Innovation" at an event hosted by the Bipartisan Policy Center, "Driving Resources into Energy Innovation" in Washington- 1530 GMT.
Democrats, searching for campaign issues before November's congressional elections, have jumped on inversions, and several of them have offered bills that would curb the deals.
LONDON- Bank of England chief economist Andy Haldane speaks at the finance policy conference on "The Costs of Short-Termism"- 1800 GMT. WELLINGTON- RBNZ Deputy Governor Grant Spencer delivers a speech on the central bank's review of prudential regulation- 0500 GMT. SYDNEY- 2nd Latin America Australia Investors Forum.
U.S. Treasury Secretary Jack Lew highlighted the decision American companies face—stay domestic and pay taxes or go abroad for savings.
Michael DeCesare, McAfee president, says the role of security firms has shifted from defense to offense as companies scramble to protect themselves from the increasing threat of cyberattacks. And John Stumpf, Wells Fargo CEO, weighs in.
CNBC's Michelle Caruso-Cabrera explains why she thinks it's completely "unpatriotic" of Congress that corporations are put in the position they feel they have to move overseas.
Treasury Secretary Jacob Lew urged Congress on Wednesday to take steps quickly to discourage U.S. companies from moving their tax domiciles abroad to avoid federal taxes. "Congress should enact legislation immediately," Lew told a business conference in New York hosted by cable television channel CNBC.
The Treasury secretary also says the financial system, finally recovering from the recession, faces another perilous challenge: cyberattacks.
CNBC's Steve Liesman discusses Treasury Secretary Jack Lew's comments on whether it's appropriate for the Fed to comment on valuations.
CNBC's Jim Cramer asks Treasury Secretary Jack Lew if it is appropriate for federal officials to comment on individual market movements.
Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about the evolution of trade agreements and the real power of China. Lew says the global economy depends on a good U.S. China relationship.
Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about corporate tax inversions.
Discussing the controversial issue of tax inversions, U.S. Treasury Secretary Jack Lew tells CNBC that U.S. companies should show some "economic patriotism." Lew spoke with CNBC on Wednesday during the Delivering Alpha conference.
U.S. Treasury Secretary Jack Lew tells CNBC that cyber-security is no longer the sole responsibility of IT departments -- CEOs need to focus on 'cyber hygiene' as well. His comments came during an interview with CNBC's Jim Cramer at the Delivering Alpha conference on Wednesday.
In a wide-ranging conversation, Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about shoring up Internet safety, tax inversions, reforming GSEs, and hitting the U.S. debt ceiling.