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Tag: Timothy Geithner

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  • Senate approves Jack Lew as Treasury Secretary

    February 28, 2013 | 5:13 am

    With a strong bipartisan majority, the U.S. Senate confirmed Jack Lew, President Obama's nominee to be Treasury Secretary.

    Lew, formerly Obama's chief of staff, was confirmed late Wednesday in a 71-26 vote, with 20 Republicans voting for him.

    Lew, an observant Jew from New...

  • Obama nominates Jacob Lew to succeed Geithner at Treasury

    January 10, 2013 | 10:49 am

    President Barack Obama on Thursday nominated his chief of staff, Jack Lew, as the next Treasury secretary, praising him as a expert on the pressing national issues of spending cuts and deficit reduction.

    Lew will succeed Timothy Geithner and take the lead on difficult...

  • Will Republicans let Lew get to Treasury?

    January 10, 2013 | 9:29 am

    Jacob Lew, nominated Thursday morning by President Barack Obama for the post of secretary of the Treasury, helped Orthodox observance reach the highest precincts of governance. But can a man that Republicans say “can’t get to yes” be confirmed for the job?

    Obama nominated Lew,...

  • Obama to tap Lew as treasury chief

    January 9, 2013 | 1:55 pm

    President Obama is set to nominate Jack Lew, his chief of staff, to be secretary of the treasury.

    Lew will be tapped to succeed Timothy Geithner on Thursday, multiple media reports said.

    Lew, a chief of the Office of Management and Budget under both Obama and President Bill Clinton, is an Orthodox Jew and has spoken often about balancing observance with the demands of the highest precincts of government.

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  • U.S. extends $4 billion in loan guarantees to Israel

    October 25, 2012 | 9:46 am

    The United States extended nearly $4 billion in loan guarantees to Israel through 2016.

    U.S. Treasury Secretary Timothy Geithner and his Israeli counterpart Doron Cohen signed the agreement on Wednesday in Washington.

    In 2002, during the global recession, the U.S. had approved $9 billion in loan guarantees that allow Israel to sell bonds internationally with the backing of the United States.

    As part of the deal, Israel also must hit certain economic targets regarding the size of budget deficits and levels of government spending.