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Jack Lew

A collection of news and information related to Jack Lew published by this site and its partners.

Top Jack Lew Articles

Displaying items 34-44
  • Warren Buffett: Debt limit is a 'political weapon of mass destruction'

    Warren Buffett: Debt limit is a 'political weapon of mass destruction'
    WASHINGTON -- Billionaire investor Warren Buffett on Wednesday called the U.S. debt limit a "political weapon of mass destruction" and said both political parties should pledge never to use it as leverage because of the financial damage it can cause. As...
  • Debt limit deadline is Oct. 17, Treasury secretary says

    Debt limit deadline is Oct. 17, Treasury secretary says
    WASHINGTON -- The nation's debt limit must be raised by Oct. 17 to avoid a potential default, Treasury Secretary Jacob J. Lew told congressional leaders Wednesday in setting a firmer deadline for lawmakers to break a stalemate. He urged Congress to "act...
  • Lew says Congress shouldn't wait til last minute to raise debt limit

    Lew says Congress shouldn't wait til last minute to raise debt limit
    In the wake of a new, earlier deadline to raise the debt limit, Treasury Secretary Jacob J. Lew warned lawmakers Thursday that they needed to move quickly to increase the nation's borrowing authority or risk damaging the strengthening economy. "They...
  • U.S. will hit debt limit between Oct. 18 and Nov. 5, analysis says

    WASHINGTON -- The Treasury Department will be unable to pay all the nation’s bills starting sometime between Oct. 18 and Nov. 5 unless Congress raises the debt limit, according to a private analysis released Tuesday. The new "X date" from the...
  • U.S. officials change 'use-or-lose' rule for health spending accounts

    U.S. officials change 'use-or-lose' rule for health spending accounts
    In response to longstanding complaints, federal officials said they will allow workers to carry over some unused money held in flexible spending accounts for healthcare expenses. The U.S. Treasury Department and Internal Revenue Service announced the...
  • Lew won't commit to paying bondholders if debt limit is breached

    Lew won't commit to paying bondholders if debt limit is breached
    WASHINGTON -- Treasury Secretary Jacob J. Lew on Thursday would not commit to paying interest on government bonds if the debt limit is not raised, saying it would be extremely difficult to choose which bills to pay if there is not enough money. On top...
  • Raising debt limit: Treasury's Lew warns Congress it's risky to delay

    Raising debt limit: Treasury's Lew warns Congress it's risky to delay
    WASHINGTON -- As the nation fast approaches its debt limit, Treasury Secretary Jacob J. Lew on Tuesday issued his strongest warning yet to Congress about the economic consequences of waiting until just before the deadline to pass an increase. "Trying to...
  • U.S. could face default as early as Oct. 22, new analysis finds

    U.S. could face default as early as Oct. 22, new analysis finds
    WASHINGTON -- The federal government would be unable to pay all its bills and face default as early as Oct. 22 and no later than Nov. 1 if the debt limit is not raised, according to an analysis released Tuesday by the Bipartisan Policy Center. The think...
  • Treasury chief presses Congress to raise debt limit as deadline nears

    Treasury chief presses Congress to raise debt limit as deadline nears
    WASHINGTON -- Treasury Secretary Jacob J. Lew on Monday pressured Congress to raise the debt limit well before an end-of-the month deadline, warning that lawmakers risked derailing a potential "breakthrough year for our economy" if they don't act quickly....
  • Lew moves up debt limit deadline to late February

    WASHINGTON -- Congress must raise the nation's debt limit by late February, a couple of weeks earlier than previously projected, because of an expected large outflow of cash for tax refunds next month, Treasury Secretary Jacob J. Lew said Wednesday....
  • Lew warns Congress debt limit must be raised no later than early March

    Lew warns Congress debt limit must be raised no later than early March
    WASHINGTON -- Treasury Secretary Jacob J. Lew formally told congressional leaders Thursday they must raise the debt limit by early March at the latest, warning the government has less ability to postpone a potential default than in the past. Some top...