By Joseph Lawler | 12/05/13 11:26 AM
Treasury Secretary Jack Lew declared victory in ridding the financial system of banks that are too big to fail Thursday morning, following up on a promise he made earlier in the year to ensure that no banks remained in a position to receive taxpayer bailouts if they collapse. In a speech at...
By Joseph Lawler | 11/19/13 12:05 PM
“I think the whole idea of debt limit reform is something we probably should think about,” Lew said Tuesday, citing the damage to consumer and business confidence that followed this year's and 2011’s political showdowns over raising the statutory cap on U.S. debt.
By Timothy P. Carney | 11/18/13 01:59 PM
Tim Geithner, as a public servant, bent the rules to bail out the financial sector. Then he championed and helped implement a complex set of regulations that have been critiqued as too burdensome, as too weak and as picking winners and losers.
11/18/13 10:36 AM
Total foreign holdings rose 1 percent September to $5.65 trillion, the Treasury Department reported Monday. That follows a 0.03 percent gain in August.
By Joseph Lawler | 11/14/13 10:36 AM
The U.S. government has saved more than $1 trillion in debt since 2007 because of the actions taken by the Federal Reserve to stimulate the economy, a new report from the McKinsey Global Institute finds. By keeping short-term rates near zero and engaging in large-scale asset purchases known as...
By Bloomberg News | 11/13/13 04:37 PM
The U.S. budget deficit last month narrowed more than economists forecast as rising employment contributed to the strongest October revenue on record.
By Joseph Lawler | 11/12/13 02:15 PM
Sen. Elizabeth Warren, D-Mass., warned that the problem of too-big-to-fail banks has gotten worse in the years after the financial crisis and criticized Obama administration officials for not acting sooner to address the problem.
11/12/13 09:47 AM
Treasuries declined, sending 10-year yields to the highest since September, while the dollar strengthened as an improving U.S. economy fueled speculation the Federal Reserve will reduce stimulus. U.S. stocks were little changed, industrial metals slid and the Swedish krona weakened.
By Joseph Lawler | 11/12/13 06:09 AM
President Obama will nominate Treasury Department veteran Timothy Massad to be the nation's top regulator of financial derivatives on Tuesday afternoon, according to a White House official.
By Mark Tapscott | 11/11/13 09:02 AM
Secretary of State John Kerry is saying this morning that a deal with Iran was done, but the Iranians "couldn't take it." Yesterday, Kerry was saying "no deal is better than a bad deal, and we are certainly adhering to that concept."
By Charlie Spiering | 12/04/13
By Timothy P. Carney | 12/05/13
By Joel Gehrke | 12/03/13
By Byron York | 12/05/13
By Michael Barone | 12/04/13