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Jack Lew

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  • WASHINGTON— The 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said Wednesday, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign. The trustees who oversee Social Security and Medicare said the disability trust fund will run out of money in late 2016. That...

  • Fed directs 8 biggest US banks to hold extra capital Monday, 20 Jul 2015 | 1:17 PM ET

    The requirements also are aimed at encouraging the Wall Street mega-banks to shrink so they pose less risk to the financial system. The banks include JPMorgan Chase, Citigroup and Bank of America. JPMorgan is the only one that doesn't already meet the requirements, which will be phased in from 2016 through 2018 and take full effect on Jan. 1, 2019.

  • ATHENS, Greece— The latest on Greece's financial crisis:. Deputy Finance Minister Dimitris Mardas says bank customers "can deposit cash, they can transfer money from one account to the other" but withdrawal restrictions will remain. Treasury Secretary Jacob Lew is urging Greece's creditors to make sure the struggling country emerges from negotiations with...

  • Greek lawmakers pass austerity bill despite dissent Wednesday, 15 Jul 2015 | 12:21 AM ET

    The raft of consumer tax increases and pension reforms has led to growing anger among Greece's governing left-wing Syriza party, while the country's civil servants' union voiced its objections with a 24- hour public sector strike. It calls for Greece to pass new austerity measures his left-wing government had long battled against in return for the start of...

  • US Treasurer: Real reason behind $10 bill change Thursday, 18 Jun 2015 | 11:43 AM ET
    Ten dollar bills

    There is one practical reason why the U.S. Treasury Department decided to move forward with adding a woman to the $10 bill.

  • Why not put Muriel Siebert on the $10 bill? Thursday, 18 Jun 2015 | 10:08 AM ET
    Muriel Siebert, the first woman to ever hold a seat on the New York Stock Exchange.

    A female economic trailblazer like Muriel Siebert belongs on the $10, not a politician or a First Lady, says Jake Novak.

  • A woman will be on the next $10 bill Wednesday, 17 Jun 2015 | 9:58 PM ET
    Ten dollar bills

    The U.S. Treasury revealed that it will select a woman for the next $10 bill, and it's soliciting the public's opinion.

  • Jack Lew urges broad deal on Greece, details later Friday, 29 May 2015 | 12:24 PM ET
    Treasury Secretary Jacob Lew speaks at a press conference at the IMF/WB Spring Meetings in Washington, DC.

    Greece and its creditors need to quickly agree on a deal to address the crisis and then work out the details, U.S. Treasury Secretary Jack Lew said.

  • Lew adds his voice to warnings of a Greek 'accident' Wednesday, 27 May 2015 | 11:48 AM ET
    U.S. Treasury Secretary Jack Lew

    U.S. Treasury Secretary fears a Greek "accident" and warned that the country and its creditors needed to "double down" their efforts.

  • Lew: Central bankers have realized need to be clear Wednesday, 27 May 2015 | 7:18 AM ET
    Treasury Secretary Jack Lew testifies before the Senate Finance Committee on Capitol Hill, February 5, 2015 in Washington.

    U.S. Treasury Secretary Jack Lew said conversations between central bankers in the U.S. have shown they understand the need to clearly communicate.

  • US panel: ETFs, bond funds carry potential risks Wednesday, 20 May 2015 | 8:24 AM ET
    Risk

    Exchange-traded funds and fixed income mutual funds could potentially pose risks to the marketplace during times of stress, according to a report.

  • May 11- The U.S. government on Monday said MetLife Inc's lawsuit fighting its designation as being systemically important to the economy, often referred to as "too big to fail," should be dismissed. MetLife had in January became the first nonbank to challenge a decision by the Financial Stability Oversight Council, a panel led by Treasury Secretary Jacob Lew, that...

  • DIARY- Top Economic Events to May 25 Monday, 11 May 2015 | 8:01 PM ET

    WASHINGTON- U.S. Treasury Department will host its annual State Small Business Credit Initiative conference. NEW YORK- Federal Reserve Bank of San Francisco President John Williams speaks on the economic outlook before the New York Association for Business Economics- 1645 GMT. WASHINGTON- Former Federal Reserve chair Alan Greenspan speaks before the 17th...

  • Lew: Here's the remedy for strong dollar pain Wednesday, 15 Apr 2015 | 4:00 PM ET
    U.S. Treasury Secretary Jack Lew

    U.S. Treasury Secretary Jack Lew also touched on a sluggish first quarter and bond market uncertainty in a CNBC interview.

  • Jack Lew: US consumers have more cash in pocket Wednesday, 15 Apr 2015 | 4:00 PM ET
    Jack Lew: US consumers have more cash in pocket

    Treasury Secretary Jack Lew talks to CNBC's Sara Eisen about the US economy and the fact that lower gas prices have given consumers more cash in their pockets.

  • Consumers have more cash in their pockets: Lew Wednesday, 15 Apr 2015 | 4:00 PM ET
    Consumers have more cash in their pockets: Lew

    CNBC's Sara Eisen sits down with United States Secretary of Treasury Jack Lew, to discuss the impact from cheaper oil.

  • Lew: Data always noisy, US economy will grow Wednesday, 15 Apr 2015 | 4:00 PM ET
    Lew: Data always noisy, US economy will continue growth

    Treasury Secretary Jack Lew talks to CNBC's Sara Eisen about the US economy and how there can be stronger growth around the world. The US is doing better than most other countries around the world, he says.

  • Lew to Congress: Temporary funding steps taken Friday, 13 Mar 2015 | 2:50 PM ET
    U.S. Treasury Secretary Jack Lew

    The U.S. Treasury has stopped issuing state and local government bonds ahead of the looming breach of the debt limit.

  • Lew sends letter to Boehner Friday, 13 Mar 2015 | 2:04 PM ET
    Lew sends letter to Boehner

    CNBC's Eamon Javers reports Treasury Secretary Jack Lew has issued a new letter to Speaker of the House John Boehner on the U.S. debt limit.

  • Lew to Congress: You have 10 days to hike ceiling Saturday, 7 Mar 2015 | 9:11 AM ET
    Jack Lew

    Unless Congress takes action, the U.S. will hit its debt limit on Mar. 16, Treasury Secretary Jack Lew wrote in a Friday letter.