Lew Calls on Trade-Surplus Nations to Bolster Consumer Demand
Speaking in Berlin, U.S. Treasury Secretary Jack Lew on Tuesday urged countries with a trade surplus to introduce policies to help domestic consumption.
Speaking in Berlin, U.S. Treasury Secretary Jack Lew on Tuesday urged countries with a trade surplus to introduce policies to help domestic consumption.
Treasury Secretary Jacob Lew says that he is optimistic that President Obama will be able to reach an agreement with Republicans in Congress to break a budget impasse.
The Senate confirmed Jacob Lew to be Treasury secretary, affirming President Barack Obama's choice of a budget expert at a time when Congress and the White House are at odds over sharp government spending cuts. Lew had most recently served as Obama's chief of staff.
Because President Barack Obama intends to tap Jack Lew to replace Treasury Secretary Timothy F. Geithner, your money might soon start looking a little goofy. If confirmed to head the Treasury, Lew will get to add his unusually squiggly signature to all newly printed greenbacks.
President Barack Obama on Monday sent Congress a new budget that seeks to achieve $4 trillion in deficit reduction over the next decade while at the same time showering billions of dollars of increased spending on areas aimed at giving the economy a quick boost.




