Five years after the financial crisis, a battle is still being fought over Dodd-Frank, a series of reforms designed to prevent a recurrence.» Read More
WASHINGTON— Treasury Secretary Jacob Lew told Congress on Wednesday that he will extend for another three months the authority he is using to take emergency measures to keep from breaching the nation's borrowing limit. The Congressional Budget Office has estimated that the bookkeeping maneuvers should keep the government's borrowing below the new limit...
Lew set off a furor in June by announcing a redesign of the $10 bill that would replace the portrait of Alexander Hamilton with a woman. Lew said while a woman's portrait will be placed on the $10 bill, Hamilton will still be honored in some way. He said the redesign of the $10 bill will be just the first in a series of redesigns of the currency to make the U.S. bills safer...
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...
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.
There is one practical reason why the U.S. Treasury Department decided to move forward with adding a woman to the $10 bill.
A female economic trailblazer like Muriel Siebert belongs on the $10, not a politician or a First Lady, says Jake Novak.
The U.S. Treasury revealed that it will select a woman for the next $10 bill, and it's soliciting the public's opinion.
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.
U.S. Treasury Secretary fears a Greek "accident" and warned that the country and its creditors needed to "double down" their efforts.
U.S. Treasury Secretary Jack Lew said conversations between central bankers in the U.S. have shown they understand the need to clearly communicate.
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...
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...
U.S. Treasury Secretary Jack Lew also touched on a sluggish first quarter and bond market uncertainty in a CNBC interview.
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.
CNBC's Sara Eisen sits down with United States Secretary of Treasury Jack Lew, to discuss the impact from cheaper oil.
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.
The U.S. Treasury has stopped issuing state and local government bonds ahead of the looming breach of the debt limit.
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.
Unless Congress takes action, the U.S. will hit its debt limit on Mar. 16, Treasury Secretary Jack Lew wrote in a Friday letter.