Treasury Secretary Jack Lew testifies during a Senate Finance Committee hearing on Thursday.
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October 10, 2013 Jacob Lew tells the Senate Finance Committee that not raising the debt ceiling could "deeply damage financial markets, the ongoing economic recovery, and the jobs and savings of millions of Americans."
Treasury Secretary Jacob Lew leaves the Capitol after a visit on Thursday.
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October 3, 2013 In a report, the department warns that a default could do damage to the economy to rival the Great Recession.
Jack Lew has been nominated to be the next Treasury secretary.
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January 10, 2013 The president has nominated his chief of staff. Jack Lew is also a former budget director in both the Clinton and Obama administrations. He would replace Timothy Geithner, who plans to step down soon.
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Massachusetts Gov. Deval Patrick introduces President Obama at a Democratic National Committee fundraiser last year. Could Patrick be chosen to replace Eric Holder as attorney general?
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November 8, 2012 A number of people are in the running for Cabinet appointments in President Obama's second term.
February 17, 2011 Interest payments on the national debt are forecast by 2018 to crowd out much of U.S. spending. Experts worry that the deteriorating fiscal situation could drive up the interest rates the U.S. must pay, further worsening the situation.
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