Topic: Jacob Lew
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Sequester 101: What happens if $85 billion in cuts hit on March 1
The sequester is a complex concept with a tortuous history. Here are the basics on the automatic spending reductions set to kick in March 1.
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Debt ceiling crisis: another day without resolution as the clock ticks
The political dance over the US debt ceiling crisis continued Sunday with the possibility that top lawmakers could be summoned to the White House, although no meeting had been scheduled.
07/17/2011 02:32 pm -
Tax VOX Obama, where are your economists?
Politicians need a team of stellar economists for advice during campaign season, and Obama seems to have lost his
06/10/2011 03:53 pm -
Medicare vouchers plan shelved for now
Medicare reform passed the House. But GOP leaders say they won't push Medicare vouchers in the current round of spending talks.
05/06/2011 02:18 am -
Taxes and the rich: How much do they pay now?
As Republicans square off with the Obama administration on how much to tax the wealthiest Americans, a new report suggests the overall tax burden does not vary much by income level.
04/15/2011 09:55 pm -
Was Obama's speech too fiery? Why he was so harsh on GOP budget plan.
President Obama's campaign-style rhetoric reached for the Democratic base, and may be an acknowledgement that a deficit-reduction deal is unlikely before the 2012 election.
04/14/2011 09:27 pm -
Deficit reduction: Is Obama's $4 trillion goal big enough?
Though their plans differ dramatically, President Obama and the GOP agree that the deficit needs to be reduced by about $4 trillion over the next 10 to 12 years, in order to reassure credit markets and get the debt under control.
04/14/2011 05:38 pm -
Donald Marron The long term keeps getting shorter
The language to describe long-term and short-term budgets in the US is confusing
03/07/2011 11:05 am -
Budget cuts: White House says it has come halfway to meet GOP
As talks began with GOP leaders, the White House argued that its budget negotiating position is reasonable. It also offered up $6 billion in additional budget cuts.
03/03/2011 09:07 pm -
Monitor Breakfast Q&A with OMB Director Jacob Lew
Budget director Jacob Lew commented on the role of Social Security in solving major budget problems, reports of bipartisan Senate deficit talks, and whether there are contingency plans for a shutdown of the US government at a Feb. 17 Monitor lunch.
02/18/2011 04:29 pm -
Monitor Breakfast Video: Backroom bipartisan talks 'positive,' says Obama budget director
Jacob Lew responded Thursday to a report that some senators are working on legislation that would trigger tax hikes and spending cuts if Congress fails to live within spending targets.
02/17/2011 03:41 pm -
Did Obama ignore his own deficit commission on federal budget?
Critics claim that the federal budget proposed by President Obama does nothing to tackle the structural causes of the deficit. Others counter that the time might not be right to go to battle over the deficit commission's findings.
02/14/2011 07:40 pm -
Obama's 'have it all' budget: Can he cut, spend, and grow?
Obama's $3.7 trillion budget proposal would produce a $1.1 trillion deficit for fiscal 2012 – less than this year’s projected deficit of $1.65 trillion. Republicans, predictably, call for more spending cuts.
02/14/2011 12:49 pm -
Obama’s Valentine’s Day budget: No roses or bon-bons for the GOP
President Obama's FY 2012 budget lands on congressional desks Monday. Republicans are unimpressed, which sets the scene for a long fight over spending, taxing, and deficit reduction.
02/13/2011 03:04 pm -
What Obama needs to achieve in his State of the Union address
The State of the Union address is expected to lay out five ‘pillars’ for ‘winning the future’ – education, infrastructure, innovation, deficit reduction, and reform of government.
01/25/2011 05:36 pm -
Obama team plans for 2011 – and for 2012
Obama and his senior staff are hard at work on the size and shape of his White House team as they prepare for the 2012 elections. He hopes to spend more time outside of Washington.
12/26/2010 04:48 pm -
Deal in the works on Bush-era tax breaks and help for the jobless
Following Senate votes Saturday, party leaders say a compromise is likely involving an extension of Bush-era tax breaks for all income levels, plus an extension of unemployment benefits.
12/05/2010 04:38 pm -
The Vote Hammered in the Senate, Democrats must negotiate on tax cuts
After two Saturday votes, Obama and Democrats in Congress are forced to negotiate over Bush-era tax cuts, now more likely to be extended for all Americans – including the wealthy.
12/04/2010 06:01 pm -
Bush tax cuts: why Democrats are planning two votes they know will fail
Senate Democrats are planning for two votes on the Bush tax cuts Saturday. But neither would extend all the Bush tax cuts, and Republicans have vowed to defeat any such proposals.
12/03/2010 06:16 pm -
Deficit commission's work is finished. What happens next?
A 60 percent majority on Obama's bipartisan deficit commission say they approved the co-chairs' recommendations, not enough to force a vote in Congress. Will their work have an impact?
12/03/2010 02:40 pm -
Monitor Breakfast GOP's Paul Ryan: White House officials 'don't talk to us'
Rep. Paul Ryan, soon to be House Budget Committee chairman, said he had no idea whether members of the White House were taking the national debt seriously, because he has little contact with them.
12/02/2010 02:29 pm -
Who will get Bush tax cuts? Congress can't decide.
Unable to agree on who should be eligible to continue to receive the Bush tax cuts, which expire Jan. 1, President Obama and congressional leaders decided to convene a panel Tuesday.
11/30/2010 08:59 pm -
Gulf oil spill: Offshore drilling firms threaten to go abroad
Interior Secretary Ken Salazar met with the offshore drilling industry Monday in Houma, La. The event highlighted building tensions in the wake of the Gulf oil spill.
11/22/2010 08:02 pm -
Offshore oil rigs can resume deep water drilling, as Obama moratorium is lifted
Offshore oil rigs will be able to begin deep water drilling again, as the Obama administration has lifted the moratorium on the practice, set in place after the Gulf oil spill. The Secretary of the Interior said new safety regulations are now in place on offshore oil rigs that would greatly diminish the chance of another spill.
10/12/2010 05:47 pm -
The New Economy Christina Romer: Who will replace her as Obama's economic adviser?
Christina Romer is leaving as chair of the Council of Economic Advisers. Two front-runners have emerged to replace Christina Romer: Austan Goolsbee and Laura Tyson.
08/09/2010 02:02 pm -
Economist Mom Jacob Lew knows surpluses. Can he help produce one?
Former Clinton budget director Jacob Lew does know more than the mere experience of budget surpluses; he understands the policies that produced those surpluses.
07/14/2010 12:20 pm
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