Unless Congress takes action, the U.S. will hit its debt limit on Mar. 16, Treasury Secretary Jack Lew wrote in a Friday letter.» Read More
Congress should act as soon as possible and make sure there are no more self-inflicted wounds, says U.S. Treasury Secretary Jack Lew, discussing why lawmakers need to act in a timely manner to increase the nation's debt limit so the government can pay its bills.
CNBC's Hampton Pearson reports that Treasury Secretary Jack Lew has sent another letter to Congress to urge them to act quickly on raising the debt limit before the February 7th deadline.
Adam Posen, Peterson Institute for International Economics president, discusses the challenges for the European Central Bank and growth prospects for the euro zone.
Germany's reliance on export-driven growth was a hot topic when U.S. Treasury Secretary Jack Lew arrived in Berlin on Wednesday.
U.S. stock index futures signaled a higher open on Tuesday, with investors awaiting the publication of trade data.
U.S. Treasury Secretary Jack Lew has renewed calls for Europe to pursue growth-boosting policies rather than austerity in a conference in Paris.
CNBC's Tom Mackenzie looks at what to expect from U.S. Treasury Secretary Jack Lew's tour of Europe.
The Obama administration says the government may not be able to pay its bills as soon as February if lawmakers do not raise the federal debt ceiling.
Pot-related businesses keep springing up, and one of them is WeedMaps.com, which could be called the Yelp of the medical marijuana business.
The US government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
CNBC's Steve Liesman provides a preview of Treasury Secretary Jack Lew's address later today on financial reforms.
In a speech Thursday, Treasury Secretary Jacob J. Lew will make it clear that more measures may be needed to strengthen the global financial system.
Former Treasury Secretary Timothy Geithner has taken a job as president of the private equity firm Warburg Pincus.
CNBC's Seema Mody reports Treasury Secretary Jack Lew is saying it's time to get rid of the sequester, but replace it with other spending cuts. CNBC contributor Keith Boykin, and Noelle Nikpour, author of "Branding America," weigh in.
Leaders from both parties insist a new government shutdown must be avoided although a plan to dodge it is still elusive and Sen. Ted Cruz is urging a repeat.
Republicans were prepared to offer a deal featuring both an increase in the debt limit and an end to the government shutdown in return for spending cuts.
U.S. government finance leaders told G20 members they would resolve the U.S. debt impasse by Oct. 17, Russian Finance Minister Anton Siluanov said.
Fully 63% of Americans call failure to raise the nation's debt limit "a real and serious problem," while just 15% said it would not be.
Speaker Boehner said that the GOP would offer a temporary increase in the debt ceiling in return for discussions with Obama on the budget and deficit.
Treasury Secretary Jack Lew warned Congress on Thursday that a failure to raise the debt ceiling in a timely fashion would imperil the global economy.