Tag Archives: Jack Lew

Jack Lew Says Must Raise the Debt Ceiling by End of February

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 … Continue reading

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Federal Debt Unchanged for 100 Days and Counting

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 $16,699,396,000,000 for 100 straight days. The Daily … Continue reading

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Obama Chooses White House Chief of Staff to Replace Geithner

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 … Continue reading

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