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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Decoder Wire Hillary Clinton makes a splash in Chicago, but not an overtly political one

In her first policy speech since leaving the State Department, Hillary Clinton made no firm declarations of political intentions. But she did laud the role of women in politics.
Decoder Wire IRS official Lois Lerner invokes Fifth Amendment. Why won't she talk? (+video)

Lawmakers have plenty of questions for Lois Lerner, the IRS official who ordered the targeting of conservative groups to stop, concerning her past statements. She said she did nothing wrong, but invoked her Fifth Amendment rights.
Decoder Wire Why furor over IRS tea-party scandal won't subside, despite ouster

The removal of the acting IRS chief and Thursday's appointment of a new one will do little to quiet the storm over the tax agency's targeting of politically conservative nonprofit groups. What steps might?
Japanese yen plunges to four-year low. G7 unlikely to act.

Japanese yen's plunge vs. the dollar makes its exports cheaper and its companies more competitive. G7 finance ministers will focus on the Japanese yen at talks in the UK this weekend.
Europe indicates it's sticking with austerity. But is that working?

Herman Van Rompuy said on Monday that Europe would hold the course on austerity, but experts say there has been too little focus on growth and a lack of actual reforms.
Decoder Wire 'Sequester' is happening. What does the White House do now? (+video)

The White House repeatedly told Americans that the sequester would be devastating. Now that the cuts are here, President Obama is trying to strike a less-alarming tone.
Opinion Jack Lew, John Galt, and American universities

Instead of complaining narrowly about newly confirmed Treasury Secretary Jack Lew’s bloated compensation at NYU, we should demand that all universities release all employee salaries. As tuitions skyrocket, students and parents have the right to know where their dollars are going.
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.
Monitor Breakfast Deborah Hersman for Transportation secretary? She ducks comment.

Deborah Hersman, chair of the National Transportation Safety Board, is a top candidate for the cabinet post, reports say. But she wouldn't comment directly at a Monitor breakfast Wednesday.
Jacob Lew: Is 'safe' choice for Treasury also a good choice? (+video)

Jacob Lew is valued by Obama as a Beltway numbers guy able to endure high-stakes budget fights. But some critics worry he won't tackle fast-rising debt. And the Treasury job could demand big duties beyond fiscal strategizing.
Jack Lew expected to lead Treasury (+video)

Jack Lew, President Obama's likely pick for Treasury secretary, will face tricky economic topics in his new role. If confirmed, Lew will be an important player in the president's plans for deficit reduction.
Energy Voices Jack Lew, picked for Treasury post, has ties to energy (+video)

Jack Lew may be best known for budgetary finesse, but President Obama's pick for the next Treasury secretary has experience in the energy world. Would the energy industry have an ally in Jack Lew?
Obama expected to nominate Jack Lew as Treasury secretary

The President's chief of staff has an extensive background in government work that includes running the Office of Management and Budget.
Who faces tougher nomination: John Brennan at CIA or Chuck Hagel at defense?

Early Monday afternoon, President Obama will nominate John Brennan to head the CIA and Chuck Hagel to be secretary of defense. But both Hagel and Brennan may face an uphill nomination process.
Susan Rice's surprise withdrawal saves Obama a fight (+video)

UN ambassador Susan Rice, once perceived as a natural replacement for Hillary Clinton as Secretary of State, has withdrawn her name from the nomination process. It now seems likely that President Obama will pick Senator John Kerry for the role.
Will nonprofits feel the pinch under Republican fiscal plan?

House of Representatives Speaker John Boehner hopes to avoid the fiscal cliff by closing loopholes and deductions. President Obama suggested that only by completely eliminating charitable tax deductions could the Republicans increase revenues sufficiently without also increasing taxes on the wealthy as he would like to do.
Is health care ruling Obama's 'Read my lips: No new taxes' moment?

Republicans are beating up on President Obama because the Supreme Court said the Affordable Care Act is tied to new taxes. But that could be a problem for Mitt Romney given his record in Massachusetts.
Vox News Limbaugh vs. Maher: Which one's words were worse?

As the Rush Limbaugh-Sandra Fluke controversy enters its second week, conservatives work to shift the conversation to left-leaning comedian Bill Maher and his rude comments about women.
Does Obama blueprint reduce budget deficit fast enough? (+video)

US budget deficit, which has hit $1 trillion for four straight years, would fall to $900 billion in 2013, under Obama's budget blueprint released Monday. It is slated to keep falling, but even by 2018 would barely satisfy credit-rating firms.
Health insurance plan: No more changes on birth control rule

Health insurance program's new rule on contraceptive coverage, after Obama's compromise for religious groups, will have no other changes, says White House chief of staff. But US Catholic bishops say they will still challenge health insurance plan in the courts.
Al Qaeda's Zawahiri calls for war to oust Syria's Assad

In a video message, Al Qaeda leader Ayman al-Zawahiri called for Muslims to rally for a war to oust Syria's Bashar al-Assad.
As birth control flap goes on, who benefits most? Santorum? Obama?

The two sides are hardening their positions on contraception. The divide between many Catholics and bishops remains. And it’s raising questions over who benefits in the presidential election.
Obama's budget offers short-term help for economy

President Obama will send Congress a budget that provides short-term help to a struggling economy while offering a long-term plan to deal with soaring deficits. Republicans say it's more of the same failed solutions.
White House chief of staff resigns at crucial moment for Obama (+video)

White House Chief of Staff William Daley will be replaced by Jacob Lew, President Obama said Monday. The influential post is particularly important in an election year.
Government shutdown avoided after disaster relief vote

The Senate voted to fund the government through Nov. 18, after the latest stand-off between House Republicans and Democrats over disaster relief.
09/26/2011 11:09 pm