Government Agencies Jack Lew


  • BEIJING— Global finance officials promised Sunday to protect the world economy from the shockwaves of Britain's European Union referendum and to boost sluggish growth. The gathering of finance ministers and central bank governors from the United States, China, Britain, Germany and other governments took place against a backdrop of a weak global recovery...

  • LONDON— Britain's economy appears to be shrinking at its fastest pace since the global financial crisis as a result of the vote to leave the European Union, but the rest of the region is holding up, surveys showed Friday. The findings come as global financial leaders meeting in China identified the uncertainty generated by Britain's decision to exit the EU, the...

  • BEIJING— The head of the International Monetary Fund called Friday for quick action to end uncertainty over Britain's vote to leave the European Union, which she said is dampening global economic growth. Lagarde said that before the British vote, the IMF had been preparing to raise its global growth forecast by 0.1 percentage points due to improvement in Japan,...

  • Treasury Secretary Jacob Lew stressed Thursday the importance of making Greece's debt sustainable, praising the country's progress in reforming its economy as part of its bailouts but urging it to keep implementing the necessary measures. "Putting Greece's debt on a sustainable path is critical to Greece's long-term economic health and I encourage all...

  • ATHENS, Greece— US Treasury Secretary Jacob Lew is to visit Greece to discuss the country's progress in meeting reforms required under its third international bailout. Greece has been dependent on bailouts since 2010, after massive debt and loss of confidence in the country's ability to repay it left it locked out of bond markets. The US Treasury Department...

  • Germany's foreign minister says he hopes new British Foreign Secretary Boris Johnson will want to maintain a "sensible relationship" with the European Union. Frank-Walter Steinmeier has previously criticized Johnson and other leading backers of Britain's exit from the EU. He added: "I hope he understands his job in such a way that Britain will maintain a...

  • U.S. Secretary of the Treasury Jacob Lew

    In an exclusive CNBC interview, Steve Liesman talks with U.S. Treasury Secretary Jacob Lew about the challenges ahead for the European Union and the United Kingdom after the referendum, including trade with the U.K.

  • Treasury: Respect decision by UK

    CNBC's Eamon Javers reports the statement by Treasury Secretary Jack Lew on the UK's leave vote.

  • The Australian dollar strengthened on Tuesday after the Reserve Bank of Australia kept interest rates on hold.

  • A crude oil importing port in Qingdao, Shandong province, China.

    U.S. oil prices rose as expectations of U.S. crude draws underpinned a market already worried about potential supply shortages.

  • OCBC predicts a weaker CNY against the USD by year-end.

    OCBC forecasts a weaker Chinese currency by year-end, saying that China's move to a basket-valuation has worked.

  • Janet Yellen

    Investors will be looking for signals from the Fed chair about the U.S. central bank's next rate move after shockingly weak payroll data.

  • Jack Lew urges China reforms

    Treasury Secretary Jack Lew is in China where he is talking with leaders on ways to implement economic reforms, reports CNBC's Eunice Yoon.

  • WILMINGTON, Del., June 1- U.S. Congress members urged Treasury Secretary Jacob Lew to deny Caesars Entertainment Corp a favorable tax ruling relating to the casino operator's plan to create a trust to own its hotels and resorts, saying that doing so would amount to a taxpayer subsidy. Congress took steps to curb REITs last year, but Caesars was exempted because it...

  • It comes after lawmakers wrote to Treasury Secretary Jacob Lew in March to ask that the USDA be involved in the review so that the potential impact of the transaction on domestic food security could be better assessed. A USDA spokeswoman also declined to comment, citing the same reasons. While the USDA is not one of the agencies comprising CFIUS, there is...

  • Tourists take a break after visiting the El Morro fort, where part of Old San Juan, Puerto Rico, is visible.

    Congress may finally be coming to Puerto Rico's rescue, but the measure may be too little, too late.

  • The Puerto Rican flag flies near the Capitol building. US Treasury Secretary Jack Lew warned on Monday that time was running out to address the spiraling crisis in Puerto Rico a week after the island suffered a dramatic default.

    US Treasury Secretary Jack Lew warned on Monday that time was running out to address the spiraling crisis in Puerto Rico, the Financial Times reports.

  • Ian Read, CEO of Pfizer.

    Pfizer reported a 19.7 percent rise in quarterly revenue, boosted by sales of its new treatments for cancer and its Hospira acquisition.

  • Great white shark, catching prey, big banks

    A trend that favored boutique banks and caused pain on Wall Street may finally be reversing itself.

  • Tubman to replace Jackson on $20 bill

    Anti-slavery activist Harriet Tubman will replace Andrew Jackson on the twenty dollar bill while Alexander Hamilton remains on the $10 bill. CNBC's Eamon Javers provides reaction to the Treasury Department's currency move.