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Jack Lew

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  • Why stocks seem to be signaling a debt deal ... Thursday, 10 Oct 2013 | 7:17 AM ET
    Jim Chanos, president and founder of Kynikos Associates.

    Wall Street thinks President Obama and Republicans will reach a deal to increase the debt ceiling before next week's deadline, Jim Chanos told CNBC.

  • Government standoff shakes trust in US debt Thursday, 10 Oct 2013 | 6:30 AM ET

    Investors are wary of the U.S.'s ability to pay its debt on time, shifting the market for Treasury bills and potentially having long-term effects.

  • Shutdown and default: Four factors put us here Tuesday, 8 Oct 2013 | 2:18 PM ET
    House Speaker John Boehner

    Four structural factors helped push the U.S. into this government shutdown, and now facing potential default.

  • The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, the less pressure there will be on lawmakers.

  • White House open to short-term hike in debt limit Monday, 7 Oct 2013 | 2:26 PM ET

    The White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default.

  • Boehner takes a hard line in call for concessions Monday, 7 Oct 2013 | 6:41 AM ET
    House Speaker John Boehner.

    John A. Boehner said the House would not vote to reopen the government without compromises on the health law.

  • Jack Lew's dilemma: Which bills to pay and when Friday, 4 Oct 2013 | 6:00 AM ET
    Treasury Secretary Jack Lew

    If Congress fails to raise the debt ceiling, the Treasury Secretary will have to figure out how to make due with a third less in government funds.

  • US Treasury warns default could be 'catastrophic' Thursday, 3 Oct 2013 | 11:35 AM ET
    Jack Lew, U.S. Treasury Secretary.

    The Treasury is warning that the economy could plunge into a downturn worse than the Great Recession if the country defaults on its debt obligations.

  • As shutdown festers, Street weighs Obama's options Thursday, 3 Oct 2013 | 6:50 AM ET

    The prospect of Congress failing to raise the nation’s debt limit has economists and investors exploring options the White House might have.

  • Wall Street CEOs sound alarms on fiscal problems Wednesday, 2 Oct 2013 | 1:08 PM ET
    Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc. and Brian Moynihan, president and chief executive officer of Bank of America Corp., speak to the media after a meeting with U.S. President Barack Obama at the White House in Washington, D.C.

    CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.

  • Jack Lew: Run out of extraordinary measures     Tuesday, 1 Oct 2013 | 7:20 PM ET

    CNBC's Eamon Javers reports Treasury Secretary Jack Lew has said he is now using all "extraordinary measures" in order to keep to the government default deadline of October 17.

  • US risk council says Prudential needs close oversight Friday, 20 Sep 2013 | 10:09 AM ET

    Prudential Financial said U.S. regulators had voted to designate the company as systemically risky, bringing it under stricter regulatory oversight.

  • US grants wide tax recognition to same-sex couples Thursday, 29 Aug 2013 | 3:20 PM ET

    Legal same-sex marriages will be recognized for federal tax purposes, the Obama administration said, allowing couples to claim the same tax benefits as heterosexual couples.

  • Ignore the red herrings—here's the real risk Wednesday, 28 Aug 2013 | 7:00 AM ET
    Treasury Secretary Jack Lew

    This billion-dollar portfolio manager says Treasury yields will drop, but not because of the debt ceiling or Syria.

  • Debt debate looms on Capitol Hill     Tuesday, 27 Aug 2013 | 11:49 AM ET

    Bob Cusack, The Hill managing editor, and Tony Fratto, Hamilton Place Strategies, discuss whether Congress will be able to negotiate a solution to the nation's debt problem.

  • Obama won't budge on debt limit     Tuesday, 27 Aug 2013 | 10:02 AM ET

    CNBC's John Harwood shares highlights from his interview with the Treasury's Jack Lew. And Jared Bernstein, Center on Budget and Policy Priorities, and former Sen. Kay Bailey Hutchison, discuss the stalemate on Capitol Hill over spending and debt limits.

  • Debt limit battle looms large on Capitol Hill     Tuesday, 27 Aug 2013 | 8:06 AM ET

    Treasury Secretary Jack Lew says the White House will not accept a delay or partial defunding of Obamacare, reports CNBC's John Harwood, with highlights from his interview with Lew earlier this morning. And Joe Watkins, former George H.W. Bush White House official, and Jimmy Williams, MSNBC contributor, weigh in.

  • Treasury Secretary Jack Lew explains why he is urging Congress to raise the debt ceiling as the nation fast approaches its debt limit by mid-October, with CNBC's John Harwood.

  • Summers likely pick for Fed chair: Harwood     Tuesday, 27 Aug 2013 | 6:11 AM ET

    CNBC's John Harwood reports Lawrence "Larry" Summers is a front runner in the race to replace Ben Bernanke; and Treasury Secretary Jack Lew has warned Congress the government will reach its debt limit sometime in mid-October.

  • US Treasury to hit debt limit by mid-October Monday, 26 Aug 2013 | 3:31 PM ET
    U.S. Treasury Secretary Jack Lew

    Treasury Secretary pressed Congress to allow the government to borrow more money, saying that it could default on its obligations if lawmakers do not act by mid-October.