Political Capital

Posts tagged: Jack Lew

Jacob "Jack" Lew, U.S. Treasury secretary, during a Financial Stability Oversight Council meeting at the U.S. Treasury in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Jacob "Jack" Lew, U.S. Treasury secretary, during a Financial Stability Oversight Council meeting at the U.S. Treasury in Washington, D.C.

Bloomberg by the Numbers: 3

A suspension of the federal debt ceiling is scheduled to expire in three days, on Feb. 7. The debt ceiling was suspended through the end of this week under a law last October that ended a 16-day partial government shutdown....

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A portion of H.R. 3547, the Consolidated Appropriations Act of 2014 in Washington, D.C. on Jan. 16, 2014.

Photograph by Andrew Harrer/Bloomberg

A portion of H.R. 3547, the Consolidated Appropriations Act of 2014 in Washington, D.C. on Jan. 16, 2014.

Bloomberg by the Numbers: 72

That’s how many senators voted yesterday for a $1.1 trillion bill funding the federal government through September. The 72-26 vote clears the legislation for President Barack Obama’s signature. The Senate vote came a day after the House passed the measure...

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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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Jacob "Jack" Lew, U.S. Treasury secretary, right, listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury with Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C., on Dec. 9, 2013.

Photograph by Andrew Harrer/Bloomberg

Jacob "Jack" Lew, U.S. Treasury secretary, right, listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury with Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C., on Dec. 9, 2013.

Lew: ‘Moral Obligation’ for Force as ‘Last Option’ in Iran

Treasury Secretary Jack Lew was speaking of the “moral obligation to reserve force as a last option” in the international bid to prevent Iran from obtaining nuclear weaponry. “Any CEO, general counsel or business person who thinks now may be...

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Jacob "Jack" Lew, U.S. Treasury secretary, at the Pew Charitable Trusts in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Jacob "Jack" Lew, U.S. Treasury secretary, at the Pew Charitable Trusts in Washington, D.C.

Lew: Financial Reforms Unfinished

Here comes a full-Cabinet press on what the president calls the defining challenge of our time, the widening income inequities that are darkening the American Dream. In this installment, the message is all about pressing to finish the reforms of...

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A jogger runs past the Capitol building in Washington, D.C.

Photograph by Pete Marovich/Bloomberg

A jogger runs past the Capitol building in Washington, D.C.

Bloomberg by the Numbers: $17.1 Trillion

That’s the approximate current federal debt subject to limit. At the moment, there’s no statutory limit on new federal debt because a measure President Barack Obama signed into law Oct. 17 suspended the $16.7 trillion limit through Feb. 7. The...

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Completed M88 Hercules heavy recovery vehicles wait for delivery at the BAE Systems Plc Land & Armaments facility in York, Pennsylvania.

Photograph by Andrew Harrer/Bloomberg

Completed M88 Hercules heavy recovery vehicles wait for delivery at the BAE Systems Plc Land & Armaments facility in York, Pennsylvania.

Bloomberg by the Numbers: 38%

That’s how much the federal budget deficit fell in fiscal year 2013 compared with the previous year. The deficit in the 12-month period ending in September was $680 billion, down from $1.089 trillion in fiscal year 2012, according to Treasury...

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Reporters wait for U.S. senators to walk by to ask them about the government shut down, on Capitol building on October 14, 2013 in Washington, DC.

Photograph by Andrew Burton/Getty Images

Reporters wait for U.S. senators to walk by to ask them about the government shut down, on Capitol building on October 14, 2013 in Washington, DC.

Shutdown Journal: Day 15

Updated at 9 am though 8:27 pm EDT Often, on days like these — and there have been dozens of them lately — the morning dawns with a breeze of optimism. By mid-afternoon, all that was dashed. By evening, it...

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The US Capitol on October 13, 2013 in Washington, DC.

Photograph by Mandel Ngan/AFP via Getty Images

The US Capitol on October 13, 2013 in Washington, DC.

Shutdown Journal: Day 14

Updated at 8:02 am through 6:42  pm EDT Senate leaders appeared to be getting somewhere today, on the 14th day of a partial government shut-down, with three days left until the nation’s debt-limit is reached. Tomorrow is another… “I’m very...

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A customer browses at a Banana Republic LLC store in Los Angeles on Oct. 9, 2013.

Photograph by Patrick T. Fallon/Bloomberg

A customer browses at a Banana Republic LLC store in Los Angeles on Oct. 9, 2013.

Bloomberg by the Numbers: 0.3

That’s the percentage-point decrease in fourth-quarter gross domestic product that would result from a partial government shutdown lasting through Oct. 18, according to the median estimate in a Bloomberg survey of economists. The shutdown, which began Oct. 1, would cost...

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