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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 45-55
  • AbbVie to Buy Shire for $54.8 billion in biggest inversion

    AbbVie to Buy Shire for $54.8 billion in biggest inversion
    AbbVie Inc. is buying Shire for nearly $55 billion, the largest deal in a year filled with merger and acquisition activity, and the latest example of companies taking foreign addresses to cut taxes. The deal will allow North Chicago-based pharmaceutical...
  • AbbVie to buy drugmaker Shire in nearly $55 billion deal

    AbbVie to buy drugmaker Shire in nearly $55 billion deal
    AbbVie Inc. has inked a nearly $55 billion deal to acquire drugmaker Shire PLC, the companies announced in a joint statement Friday morning. The deal, the largest of a year filled with merger and acquisition activity, will allow the North Chicago-...
  • AbbVie-Shire deal puts more pressure on Congress to overhaul tax code

    A massive pharmaceutical merger that will send the headquarters of a major U.S. drug maker overseas ramps up pressure on Congress to curtail the ability of companies to shelter foreign earnings. Illinois drug maker AbbVie Inc. said Friday that it...
  • Inversion loophole puts U.S. tax policy in a jackpot

    A merger between America's top slot-machine manufacturer and Europe's biggest gaming operator will create a gambling giant that manages lotteries and slots networks worldwide — and adds to the urgency for a political crackdown on U.S. companies...
  • Social Security adds to the deficit; stop saying I said otherwise

    In two recent online columns, The Times' Michael Hiltzik claimed that I, in testimony before the U.S. Senate Finance Committee on May 10, 2011, supported his argument that Social Security "can't contribute to the federal deficit."  That assertion is...
  • Treasury Secretary Jacob Lew heads home after prostate surgery

    Treasury Secretary Jacob Lew heads home after prostate surgery
    WASHINGTON -- Treasury Secretary Jacob J. Lew had successful outpatient surgery on Tuesday but remained at a New York area hospital overnight because of a low-grade fever, a Treasury Department spokeswoman said. Lew, 58, underwent the procedure to treat...
  • IMF urges Congress to back reforms giving fund more clout

    IMF urges Congress to back reforms giving fund more clout
    WASHINGTON — The U.S. made clear this week that it wants the International Monetary Fund to be the emergency lender for countries like Ukraine, but American lawmakers have persistently refused to give the IMF the additional financial firepower...
  • Debt ceiling redux

    It was just over two years ago when Congress last fought about increasing the nation's borrowing limit. After that battle, ratings agency Standard & Poor's downgraded the credit rating of the United States by one notch, and the S&P 500 stock index...
  • What you need to know about the debt ceiling

    What you need to know about the debt ceiling
    Until recently, the markets largely ignored the political jockeying over whether to raise the federal debt ceiling, figuring there's no way Congress would purposely default on the nation's obligations and potentially throw the U.S. economy into another...
  • Political stalemate broken: Now what?

    After three weeks of political wrangling, the federal government is open and the debt ceiling has been increased. The good news/bad news is that there's a 90-day grace period before the next potential round of budget/debt ceiling debates. Now the fun...
  • House approves debt limit legislation with no strings attached

    WASHINGTON - The U.S. House of Representatives approved legislation Tuesday to extend the nation’s borrowing capacity for another year, all but ensuring that Congress’ recent fiscal cease-fire extends through the summer. Republican leaders...