Jack Lew Stories
A list of the most recent stories about Jack Lew.
Obama picks budget official to run troubled IRS
President Barack Obama picked a senior White House budget official to become the acting head of the Internal Revenue Service on Thursday, the same day another top official announced plans to leave the agency amid the controversy over agents targeting tea party groups. Obama named longtime civil servant Daniel Werfel ...
AP source: Obama to tap Werfel as acting IRS head
President Barack Obama will appoint senior White House budget officer Daniel Werfel to be acting commissioner of the Internal Revenue Service, a White House official says. Werfel will replace Steven Miller, ousted Wednesday amid revelations that the IRS improperly singled out conservative groups for special scrutiny. The 42-year-old Werfel is ...
AP News in Brief at 5:58 a.m. EDT
Investigations of IRS' targeting of groups is continuing in wake of ouster of top official WASHINGTON (AP) — Don't look for the outcry over the Internal Revenue Service's improper targeting of tea party groups to subside with the ouster of the agency's acting commissioner. Three congressional committees are investigating and ...
IRS commissioner ousted over tea party targeting
Hurrying to check a growing controversy, President Barack Obama ousted the acting commissioner of the Internal Revenue Service late Wednesday amid an outcry over revelations that the agency had improperly targeted tea party groups for scrutiny when they filed for tax-exempt status. Obama said Treasury Secretary Jacob Lew had asked ...
Obama: IRS acting commissioner being ousted
President Barack Obama on Wednesday announced the ouster of the top official at the Internal Revenue Service following disclosures that the agency targeted conservative political groups. Obama, who has been criticized for appearing passive in his response to the matter, declared, "I am angry about it" and said the American ...
Justice investigating IRS targeting of tea party
The Justice Department is investigating the Internal Revenue Service for targeting tea party groups for extra scrutiny when they applied for tax exempt status, Attorney General Eric Holder said Tuesday, widening a probe that includes investigations by three committees in Congress. Ineffective management at the IRS allowed agents to improperly ...
Asia stocks rise on US retail sales gain
Asian stock markets rose Tuesday after data showed U.S. consumers revved up their retail spending last month. The Commerce Department in Washington said retail sales increased 0.1 percent in April from March, an improvement from March's 0.5 percent decline. Economists had forecast that sales declined by 0.3 percent in April. ...
G7 says Japan playing by currency rules
Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a two-decade period of stagnation, not an attempt to drive down its currency to make Japan's exports more competitive. At the conclusion of a two-day meeting of leading ...
Yen in focus as G-7 discusses nurturing recovery
Financial leaders from the world's top seven developed economies are gathering in the U.K. to discuss how to shore up the global recovery just as the stimulus measures of one its members, Japan, has caused its currency to take a dramatic slide. Supporting the global economy and the role of ...
April surplus of $113B lowers US budget deficit
The U.S. government reported a rare surplus of $113 billion for April — the largest in five years and a sign of the nation's improving finances. Steady economic growth and higher tax rates have boosted the tax revenue in recent months, keeping this year's annual budget deficit on pace to ...
Treasury Secretary's loopy signature improving
Treasury Secretary Jacob Lew may not have succeeded yet in getting a grand budget bargain with Congress, but at least his handwriting is improving. And it is expected to be even better when the time comes for him to affix his "Jacob Lew" to the nation's currency. Lew's handwriting was ...
Recent editorials published in Nebraska newspapers
The Grand Island Independent. May 5, 2013. Grand Island again vies for Veterans Home Some three years before the Nebraska Legislature gave authorization for construction of the Nebraska Sailors and Soldiers Home in Grand Island, a committee of local citizens was formed to secure land for a state institution that ...
Congressman, former lobbyist get housing, FCC nods
President Barack Obama acted Wednesday to fill two top regulatory posts, tapping a veteran Democratic congressman to lead the Federal Housing Finance Agency at a pivotal time for the housing market and naming a top campaign fundraiser and former lobbyist to head the Federal Communications Commission. Rep. Melvin Watt, D-N.C., ...
World finance leaders issue sober assessment
World finance leaders issued a somber assessment on Saturday of the global economy, saying the recovery remains uneven with growth and jobs in short supply. The steering committee for the 188-nation International Monetary Fund issued a final communique that called for decisive action to bolster growth. However, the major economies ...
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