Political Capital

Posts tagged: treasury

Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Bloomberg by the Numbers: 2.8%

    The federal budget deficit will be 2.8 percent of gross domestic product this fiscal year, according to a Congressional Budget Office projection.  That would mark a decline in the deficit from 4.1 percent of the economy in fiscal...

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California Republican gubernatorial candidate Neel Kashkari in San Francisco.

Photograph by David Paul Morris/Bloomberg

California Republican gubernatorial candidate Neel Kashkari in San Francisco.

Kashkari: Climate Change Not Causing California Drought

As California grapples with water-use restrictions, worsened smog and idled farmland following the driest year on record, Neel Kashkari says climate change isn’t to blame. While the former U.S. Treasury official running for the Republican nomination in California’s gubernatorial race...

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An aerial view of homes in Henderson, Nevada.

Photograph by Ethan Miller/Getty Images

An aerial view of homes in Henderson, Nevada.

Bloomberg by the Numbers: $4.23 Trillion

Federal Reserve banks had about $4.23 trillion in total assets as of March 26. Most of the Fed’s holdings are in U.S. Treasury securities ($2.31 trillion) or mortgage-backed securities ($1.6 trillion). The Federal Open Market Committee “has kept the benchmark...

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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 Polar bear and her cubs along the Beaufort Sea Coastline of Alaska.

Source: Alaska Image Library/U.S. Fish and Wildlife Service via Bloomberg

A Polar bear and her cubs along the Beaufort Sea Coastline of Alaska.

Dead Polar Bears Beat Debt Ceiling — on the Congressional Agenda

The U.S. is scheduled to hit its statutory debt ceiling on Feb. 7 — this coming Friday — so it would stand to reason that Congress is going to spend the week focused on raising the debt limit, right? Well,...

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President Barack Obama is delivering his State of the Union address tonight. He was pictured at the U.S. Department of Justice in Washington, DC,on Jan. 17, 2014.

Photograph by Saul Loeb/AFP via Getty Images

President Barack Obama is delivering his State of the Union address tonight. He was pictured at the U.S. Department of Justice in Washington, DC,on Jan. 17, 2014.

Obama’s ‘Action’ State of the Union: Pre-Show

Updated at 6:49 through 8:38 pm EST “Let’s make this a year of action,” President Barack Obama is saying in his State of the Union address tonight. “That’s what most Americans want – for all of us in this chamber...

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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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A worker sands a piece of custom furniture at a manufacturing facility in South Elgin, Illinois.

Photograph by Tim Boyle/Bloomberg

A worker sands a piece of custom furniture at a manufacturing facility in South Elgin, Illinois.

Bloomberg by the Numbers: 21%

That’s how much the deficit fell last month compared with November 2012, according to the Treasury Department. Expressed in terms of dollar figures, the deficit fell to $135.2 billion last month from $172.1 billion a year earlier, or a decrease...

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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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