Obama budget hit from left and right alike
Even before it is unveiled, President Barack Obama's new budget is opening to poor reviews from liberal allies entrenched in their opposition to ...

US, German finance chiefs downplay differences
Germany's finance minister insisted Tuesday that reducing deficits should not hurt economic growth, sticking by his strategy to tackle Europe's crisis ...

US Treasury chief urges EU to ease off austerity
European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked ...

US trade deficit narrows to $43B in February
The U.S. trade deficit unexpectedly narrowed in February as exports climbed close to an all-time high and the volume of imported crude oil fell to the ...
Following Obama, Kerry to donate part of salary
Three Cabinet secretaries became the latest senior administration officials to give back part of their salaries, in the spirit of government spending ...
US swipes at China for hacking allegations
The U.S. has taken its first real swipe at China following accusations that the Beijing government is behind a widespread and systemic hacking ...

Lew visit marks US-China re-engagement
The U.S. and China have begun to re-engage on knotty issues ranging from economic frictions to North Korea's nuclear program following a months-long ...

Lew hopeful on reaching a budget breakthrough
Treasury Secretary Jacob Lew said Thursday that he is optimistic that President Barack Obama will be able to reach an agreement with Republicans in ...
Lew to meet with new Chinese leaders in Beijing
Jacob Lew will travel to China next week for his first overseas trip as U.S. Treasury secretary, underscoring the importance of the nations' economic ...
Obama offers congrats in call to Chinese president
President Barack Obama made a congratulatory phone call to the new Chinese president and raised thorny issues of North Korea and cybersecurity.

Geithner has book deal, release scheduled for 2014
Former Treasury Secretary Timothy Geithner has a book deal. Geithner has an agreement with Crown Publishers, an imprint of Random House, Inc.

Lew set to start at Treasury as budget cuts loom
Jacob Lew is scheduled to be sworn in Thursday as Treasury secretary and will have to hit the ground running. He is taking over the job just a day ...

THE RESET: Obama can cheer progress on nominations
Although scant progress has been made toward averting deep automatic budget cuts that begin Friday, President Barack Obama can welcome some forward ...

US Senate panel backs Lew nomination for Treasury
The Senate Finance Committee on Tuesday approved President Barack Obama's choice of Jacob Lew to be Treasury secretary and sent the nomination to the ...

Senate panel plans Tuesday vote on Lew nomination
The chairman of the Senate Finance Committee says the committee will vote on Tuesday on the nomination of former White House chief of staff Jack Lew ...

Lew signals support for tax code rewrite
Jacob Lew, President Barack Obama's nominee for Treasury secretary, pledged to work with Congress on a comprehensive overhaul of the tax code while ...

Likely Treasury chief Lew faces early budget tests
The to-do list that awaits Jacob Lew, President Barack Obama's choice to be Treasury secretary, is daunting. Bridge disputes in Congress on taxes and ...

More diversity likely in next Obama job selections
As he prepares to announce a new wave of Cabinet and other senior posts, President Barack Obama is aiming to put a more diverse face on his ...

THE RESET: Familiar faces on Obama's 2nd-term team
President Barack Obama is much of the way through completing his second-term Cabinet and top White House staff. For many of those chosen so far, it's ...

Obama picks foreign policy aide as chief of staff
President Barack Obama announced Friday that his new chief of staff is longtime trusted aide Denis McDonough, whom the president described as a close ...
Geithner sees US economy strengthening gradually
Outgoing Treasury Secretary Timothy Geithner thinks the U.S. economy will strengthen this year — as long as Congress avoids cutting spending too ...

McDonough no stranger to Obama inner circle
In selecting Denis McDonough to be his next and fifth chief of staff, President Barack Obama is tapping a longtime confidant and unflappable ally to ...

Time to act, Obama declares, taking oath 2nd time
Turning the page on years of war and recession, President Barack Obama summoned a divided nation Monday to act with "passion and dedication" to ...