Political Capital

Ian Katz

French President Francois Hollande, left, welcomes U.S. Treasury Secretary Jack Lew at the Elysee presidential palace on Jan. 7, 2014 in Paris.

Photograph by Alain Jocard/AFP via Getty Images

French President Francois Hollande, left, welcomes U.S. Treasury Secretary Jack Lew at the Elysee presidential palace on Jan. 7, 2014 in Paris.

Lew Starts Euro Journey with (Friendly) Bailout from French Host

Treasury Secretary Jack Lew today started a visit to Europe by reiterating his call for the region to jump-start its economy — one day before meetings in Germany, the principal target of his prodding. “It’s clear that some countries have...

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President Barack Obama, with Director of the National Economic Council Lawrence Summers, in Washington in this 2009 file photo.

Photograph by Shawn Thew/EPA

President Barack Obama, with Director of the National Economic Council Lawrence Summers, in Washington in this 2009 file photo.

Obama Trusts Summers, Whichever the Metaphor

While former Obama administration officials describe the relationship with different metaphors, they concur that Lawrence Summers won the trust of President Barack Obama in the crisis-fighting days of early 2009. Summers, then director of the National Economic Council and now...

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Treasury Secretary Jack Lew testifies during a House Financial Services Committee hearing on May 22, 2013 on Capitol Hill in Washington, DC.

Photograph by Karen Bleier/AFP via Getty Images

Treasury Secretary Jack Lew testifies during a House Financial Services Committee hearing on May 22, 2013 on Capitol Hill in Washington, DC.

No Escaping IRS Controversy for Treasury’s Lew and Aide

Treasury Secretary Jacob J. Lew and his deputy, Neal Wolin, traveled to Capitol Hill today for separate congressional hearings that focused on much the same matter: what the officials knew and when about the IRS scrutiny of Tea Party groups. Lew...

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Jacob "Jack" Lew, U.S. treasury secretary, arrives to attend the Group of Seven (G-7) finance ministers and central bank governors meeting at Hartwell House in Aylesbury, U.K., on May 10, 2013.

Photograph by Simon Dawson/Bloomberg

Jacob "Jack" Lew, U.S. treasury secretary, arrives to attend the Group of Seven (G-7) finance ministers and central bank governors meeting at Hartwell House in Aylesbury, U.K., on May 10, 2013.

Lew Urges G-7 to Focus on Growth

U.S. Treasury Secretary Jacob J. Lew took his plea for stronger global economic growth to a British country house hotel where Louis XVIII, the exiled king of France, stayed for five years. Lew is urging Group of Seven finance ministers...

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EU Council president Herman Van Rompuy, right, and States Secretary of Treasury Jack Lew arrive to give a press conference following a working session on April 8, 2013 at the EU Headquarters in Brussels.

Photograph by Georges Gobet/AFP via Getty Images

EU Council president Herman Van Rompuy, right, and States Secretary of Treasury Jack Lew arrive to give a press conference following a working session on April 8, 2013 at the EU Headquarters in Brussels.

Lew in Europe: Call Me Jack

Call it diplomatic speed-dating. Treasury Secretary Jacob J. Lew, on his first trip to Europe since taking office five weeks ago, is getting to know a lot of the region’s top economic officials very quickly. Lew arrived in Brussels this...

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Job seekers wait to speak to recruiters at the "Putting America Back To Work!" job fair in New York.

Photograph by Victor J. Blue/Bloomberg

Job seekers wait to speak to recruiters at the "Putting America Back To Work!" job fair in New York.

Obama’s ‘Excuse’ on Economy Sparks Academic Debate

Whether President Barack Obama has a good excuse for tepid U.S. economic growth sparked an academic debate between two Harvard economists and advisers to Republican nominee Mitt Romney. Carmen Reinhart and Kenneth Rogoff, in a Bloomberg View column, dispute analyses by Glenn Hubbard, John...

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U.S. dollars poster in central Beijing.

Photograph by Natalie Behring/Bloomberg

U.S. dollars poster in central Beijing.

U.S. Shunning of China Manipulator Label Draws Romney Ire on Policy, Timing

The U.S. released its twice-annual report on exchange-rate policies of trading partners and — surprise — China wasn’t branded a currency manipulator. The last time that happened was 1994. The Treasury Department’s report said China’s currency is “significantly undervalued,” an assessment that didn’t...

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