Jacob Lew

3 Stories

Federal Deficit Has Biggest Drop Since WWII

$680B deficit is lowest since 2008

(Newser) - The federal budget deficit for fiscal 2013 has plunged by more than $400 billion, the biggest drop since the end of World War II, the Treasury Department says. It comes in at $680 billion—not exactly pocket change, but a lot better than the trillion-plus deficits of the last five... More »

Lew: US Will Hit Debt Ceiling in October

Warns Congress it must act 'as soon as possible' to raise limit

(Newser) - Treasury Secretary Jacob Lew has given Congress until mid-October to raise the debt ceiling. That's when he predicts the Treasury will run out of "extraordinary measures" to avoid going over the $16.7 trillion borrowing limit. In a letter to lawmakers today, Lew urged them to act "... More »

Clinton Moves to Beef Up State

Bigger budget, expanded role sought for department that withered under Bush

(Newser) - Hillary Clinton is already working to restore some of the strength sapped from the State Department under the Bush administration, the New York Times reports. Clinton is seeking a bigger budget for the department and wants to restore the role played by high-profile special envoys. Officials say Clinton also wants... More »

3 Stories