Jacob Lew

Five former treasury secretaries are taking aim at the Department of Government Efficiency and Elon Musk for alleged overreach and abuse of powers by the new White House administration. What Happened: Musk has been put in charge of leading the Department of Government Efficiency by President Donald...

U.S. Treasury Secretary Jacob Lew blames the distortion in the global markets on excess steel production in China, according to an Associated Press report. Lew "urged China on Monday to cut excess steel production, as the two sides opened a high-level dialogue overshadowed by tension over the South...

Shares of Syngenta AG (ADR) (NYSE: SYT) were trading lower by around 1 percent early Tuesday morning after Reuters reported that the company's pending $43 billion acquisition by ChemChina will receive additional scrutiny. Reuters, citing "people familiar with the matter," stated that the U.S....

While by now many are aware Harriet Tubman's likeness will replace that of Andrew Jackson on the new $20 bill, however, what is less circulated is the role the Currency Technology Office (CTO) at the Richmond Fed will play in minting the new money. The CTO is working closely with the U.S....

If you are among those planning to retire in the New Year, there are a few things you should know now. While it is impossible to determine exactly how many people will retire in any given year, it is possible to note trends across the aging demographics. Although the average age of retirement...

With Greece and its EU creditors still trying to work out the details of an agreement to release the nation's bailout funds just days before Athens is due to make loan repayments, policymakers in other parts of the world are beginning to worry that a Greek exit from the eurozone is becoming a real...

For months, Greece and its creditors have been working to come to an agreement regarding financial reforms in order to unlock the next installment of bailout money and keep Athens afloat. However, comments this week from EU policymakers suggest that Greece is running out of time and its...

It's turning into an historic week for General Motors (NYSE: GM) – as the nation's largest automaker ended its controversial government bailout, and has named its first female CEO. On Monday, the U.S. Treasury announced it had sold all of its remaining shares in GM common stock, as the...

Tuesday, Chicago Fed boss Charles Evans said that 2013 growth will likely fall short of expectations. In what is clearly a growing sign of Twitter's (NYSE: TWTR) ability to deliver news, the Chicago Fed live-tweeted Evan's speech which was given to Illinois bankers. Most notable was: @...

U.S. stocks traded lower throughout the large majority of Tuesday's trading session, as investors continue to speculate on the timeline for the Fed's tapering measures. With the earnings season beginning to wind down and data on the economic front relatively sparse so far this week, traders'...

Federal Reserve Chairman Ben Bernanke, who has held that role since taking over for Allan Greenspan in 2006, looks set to step down in January 2014 at the end of his existing term. Bernanke has indicated to close friends that even if he were nominated, he would turn the job down and return to...