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Why It's A Good Sign For Jacob Lew His Hearing Was So Bland

February 14, 2013 Jacob Lew could hardly have asked for a better confirmation hearing: It was bland, civil, and almost forgettable. Even the activists in attendance didn’t interrupt the proceeding. Lew, President Obama’s chief of staff until last month, went in to his confirmation hearing for Treasury secretary on Wednesday without much to ...

Treasury Nominee Expected to Ace Confirmation Hearing

February 12, 2013 Jacob Lew is nothing if not prepared. If the Obama administration’s critics are bracing for the possibility of a gaffe or off-message comment from the nominee for Treasury secretary, they could be waiting a long time. Lew, a veteran of confirmation hearings and budget fights, doesn’t get flustered easily, and ...

The 22 Funniest #GeithnerBookTitles Tweets

February 6, 2013 News broke late Wednesday morning that former Treasury Secretary Tim Geithner plans to write a book about his response to the financial crisis. According to the Associated Press: Geithner has not started writing the book and no timetable has been set for a deal, but an official with knowledge of ...

Why the White House keeps missing its budget deadline

February 5, 2013 When the White House missed its deadline to release a budget on Monday, officials did something a little unusual: They declined to say when the blueprint would be released. The failure to meet the deadline was not new. Under federal law, the president is required to release a budget for ...

Economy could take big hit from lapse of payroll-tax cut

February 5, 2013 The recent payroll-tax hike could play a major role in slowing down consumer spending this quarter. When lawmakers negotiated a deal last month to extend the Bush-era tax cuts for the middle class, they let the 2 percentage-point cut to the payroll tax expire. Some economists have argued that the ...

Super Bowl blackout could energize a debate on power grid

February 5, 2013 FROM NEXTGOV arrow Questions remain over what caused the half-hour power outage during Sunday’s Super Bowl in New Orleans. What is clear is that advocates of improving the nation’s energy infrastructure see it as a metaphor. “I think any of you who watched the Super Bowl last night know that energy is not ...

Who is Mary Jo White, Obama's choice for top Wall Street cop?

January 24, 2013 Mary Jo White, the woman President Obama plans to nominate on Thursday to lead the Securities and Exchange Commission, has earned her share of superlatives over a long, storied career. Here’s what you need to know about White, who could become the nation’s next top financial cop: She would be ...

Treasury has options on debt ceiling but all of them are ugly

January 14, 2013 If past is precedent, the Treasury Department has four responses to bumping up against the nation’s borrowing limit, none of them great. Unless Congress acts, the federal government will likely hit its debt ceiling sometime between Feb. 15 and March 1, according to a recent analysis by the Bipartisan Policy ...

What Treasury secretary Jack Lew would need to do

January 11, 2013 If confirmed as the next head of the Treasury Department, White House Chief of Staff Jacob Lew will be tagging into an immediate three-round fight, with a long tournament ahead. Over the coming 75 days, the White House will rely heavily on its Treasury secretary in battles over the federal ...

The latest debt-ceiling proposal: Issue IOU's

January 10, 2013 The $1 trillion platinum coin seems too wacky; the 14th amendment too risky. But could IOU's be the solution to an impasse on raising the nation's borrowing limit? Yes, and President Obama should publicly adopt the idea, Edward Kleinbard, a University of Southern California law professor and former chief of ...