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Jack Lew

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  • WASHINGTON, Jan 15- The United States rolled out a sweeping set of measures on Thursday to significantly ease sanctions on Cuba, opening up the country to expanded U.S. travel, trade and financial activities. The 54- year-old U.S. embargo on Cuba will remain in place- only Congress can lift it. Congressional critics of Obama's shift say that Washington should not be...

  • UPDATE 2-U.S. rolls out new Cuba rules on trade, travel Thursday, 15 Jan 2015 | 10:42 AM ET

    WASHINGTON, Jan 15- The United States rolled out a sweeping set of measures on Thursday to significantly ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities. The Treasury and Commerce Departments issued a package of new rules that will allow U.S. exports of telecommunications,...

  • UPDATE 1-U.S. takes first steps to ease Cuba embargo Thursday, 15 Jan 2015 | 9:34 AM ET

    WASHINGTON, Jan 15- The United States rolled out a sweeping set of measures on Thursday to ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities. The Treasury and Commerce Departments issued a package of new rules that will allow U.S. exports of telecommunications, agricultural and...

  • Progressive Democrats and the 2016 conundrum Tuesday, 13 Jan 2015 | 11:49 AM ET
    Elizabeth Warren and Antonio Weiss

    Sen. Elizabeth Warren's knockout of Treasury nominee Antonio Weiss carries consequences for the 2016 general election, Politico's Ben White says.

  • Treasury sells entire Ally stake, ends auto rescue Friday, 19 Dec 2014 | 10:29 AM ET
    In this April 10, 2014 file photo, Ally Financial CEO Michael Carpenter, third from right, is applauded as he rings the New York Stock Exchange opening bell to mark his company's IPO.

    The U.S. Treasury is winding down its auto industry recovery program by selling the last of its stake in Ally Financial.

  • Winners & losers: Oil's effect around the globe Thursday, 11 Dec 2014 | 2:03 PM ET
    People gather to watch the Royal Dutch Shell Plc Olympus tension leg platform (TLP) set sail from Kiewit Offshore Services in Port Aransas, Texas.

    For most of the world, the tailwind of lower oil prices helps push the pace of growth. But not for everybody.

  • 'Perfect storm' pressures Russian economy: Lew   Thursday, 11 Dec 2014 | 8:47 AM ET
    'Perfect storm' pressures Russia's economy: Sec. Lew

    CNBC's Andrew Ross Sorkin sits and Treasury Secretary Jack Lew discuss Russia's oil woes amid U.S. sanctions.

  • Lower oil prices like tax cut: Sec. Lew   Thursday, 11 Dec 2014 | 8:44 AM ET
    Lower oil prices like tax cut: Sec. Lew

    CNBC's Andrew Ross Sorkin sits down with Treasury Secretary Jack Lew to discuss how the drop in oil prices is impacting the economy. When you look at the oil sector you need to look at it in two parts - shale and traditional drilling. Also Lew shares his thoughts on President Obama's clean energy initiatives.

  • In a move that sets up another round of debate over the extenders in 2015, senior Republicans said a short-term extension would be approved for the package, with the House of Representatives acting as soon as this week. The Obama administration weighed in, with Treasury Secretary Jacob Lew meeting with congressional Democrats and saying in a statement that...

  • The Obama administration also weighed in, with Treasury Secretary Jacob Lew meeting with congressional Democrats and saying in a statement that the White House was "open to supporting shorter-term alternatives" on the extenders. At a cost of tens of billions of dollars to taxpayers, the 55- item extenders package also includes some very narrow measures, such...

  • Abe's 3 ways to fix Japan's economy Monday, 17 Nov 2014 | 1:22 PM ET
    Japanese Prime Minister Shinzo Abe

    With its economy contracting, Japan's much-heralded, three-pronged Abenomics revival is beginning to look like a two-legged stool.

  • Lew: Recent euro moves linked more to fundamentals Monday, 20 Oct 2014 | 3:11 PM ET
    Treasury Secretary Jack Lew

    Lew said recent movements of the euro versus the dollar seem linked more to differences in growth than policies aimed at depreciating the Euro.

  • Federal deficit falls to $483 billion: Treasury   Wednesday, 15 Oct 2014 | 11:01 AM ET
    Federal deficit falls to $483 billion: Treasury

    The Treasury Department says the fiscal 2014 federal budget deficit fell to $483 billion, reports CNBC's Eamon Javers.

  • Lew: Global economy continues to underperform   Friday, 10 Oct 2014 | 3:30 PM ET
    Lew: Global economy continues to underperform

    Treasury Secretary Jack Lew says the Euro area recovery lags other advanced economies, reports CNBC's Steve Liesman.

  • Debate: Inversion policy & tax reform   Tuesday, 23 Sep 2014 | 2:12 PM ET
    Debate: Inversion policy & tax reform

    Debating the plan to prevent tax inversions, Doug Holtz-Eakin, American Action Forum, says the Treasurys plan is worse than doing nothing. Christian Weller, Center for American Progress, explains why he favors inversion regulation.

  • Treasury inversion rules   Tuesday, 23 Sep 2014 | 2:11 PM ET
    Treasury inversion rules

    CNBC's Eamon Javers discusses the Treasury Department's new rules to discourage companies from moving their headquarters overseas to avoid taxes.

  • Tax inversion crackdown   Tuesday, 23 Sep 2014 | 7:51 AM ET
    Tax inversion crackdown

    Jared Bernstein, Budget & Policy Priorities, shares his thoughts on the Obama administrations efforts to implement new regulations that would diminish the ability for companies to escape U.S. taxes.

  • Lew tackles tax inversions   Tuesday, 23 Sep 2014 | 7:03 AM ET
    Lew tackles tax inversions

    CNBC's Eamon Javers reports the Treasury Department is trying to make tax inversions less economically appealing to corporations but they will not be able to eliminate them all.

  • Treasury moves to combat tax inversions   Tuesday, 23 Sep 2014 | 6:08 AM ET
    Treasury moves to combat tax inversions

    The Treasury Department is seeking to reduce the benefits of companies buying foreign firms to switch tax domicile to a country with lower rates, reports CNBC's Eamon Javers.

  • Lew: More to say later Monday about tax inversions Monday, 22 Sep 2014 | 4:18 PM ET
    Treasury Secretary Jack Lew

    The issue of so-called tax inversions has been a major policy point for President Barack Obama over the past few months.