by Jane Richey | Jan 23, 2014 | Fiscal Responsibility
Congress will likely need to raise the debt limit by late February to avoid a missed payment, according to Treasury Secretary Jack Lew. In a letter sent to lawmakers Wednesday, Lew said the timeline for a borrowing boost has moved up slightly. When he first pressed...
by Jane Richey | Aug 27, 2013 | Fiscal Responsibility
The Treasury Department’s latest official daily accounting of the U.S. government’s receipts, expenditures and borrowings–released this afternoon at 4:00 p.m.–indicates that the legally limited debt of the federal government has now been exactly...
by Jane Richey | Jan 11, 2013 | Fiscal Responsibility, Politics
As chief of staff, Lew was a central player in two failed attempts at a grand bargain on deficit reduction with House Republicans. The first effort came as the government negotiated raising the debt ceiling in August 2011, and the second took place last month as the...
by Jane Richey | Jul 2, 2012 | Constitutionally Limited Goverment, Free Markets, Politics
Obamacare’s individual mandate is not a tax, “it’s a penalty,” White House chief of staff Jack Lew told Chris Wallace on “Fox News Sunday.” “What the Supreme Court said was, this was constitutional. They said it didn’t...