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Prioritizing which US bills to pay would be 'chaos': Lew

Last Updated: Thursday, October 10, 2013, 23:12

The Obama administration said on Thursday that a looming US default would hit everyone from Social Security pensioners to bondholders and urged Congress to raise a cap on government borrowing to avoid a crisis.

What default? Republicans downplay impact of US debt limit

Last Updated: Tuesday, October 08, 2013, 11:51

To many Republicans, however, the prospect of the world's lone superpower juggling its bills doesn't seem so bad.

Geithner still not interested in being Fed chair: Source

Last Updated: Monday, September 16, 2013, 09:25

Former US Treasury Secretary Timothy Geithner is still not interested in being the next head the Federal Reserve, a source familiar with his thinking said on Sunday, after front-runner Lawrence Summers withdrew his name from consideration.

US federal govt to borrow $444 bn in second half

Last Updated: Tuesday, July 30, 2013, 16:11

The US Treasury Department on Monday announced that the federal government expected to borrow 444 billion US dollars from the market to fund its operation in the second half of this year.

US treasury secretary meets FM; encourages India's reforms

Last Updated: Saturday, July 13, 2013, 09:39

Union Finance Minister P Chidambaram on Friday met US Treasury Secretary Jackob J Lew and discussed a hot of bilateral and global issues.

Immigration bill will pass: US treasury secy

Last Updated: Monday, July 01, 2013, 16:28

US Treasury Secretary Jacob Lew said that he was confident that immigration reform would be adopted, despite strong opposition from some Republicans.

Immigration reform bill will pass: US treasury secretary

Last Updated: Monday, July 01, 2013, 14:51

US Treasury Secretary Jacob Lew said that he was confident that immigration reform would be adopted, despite strong opposition from some Republicans.

US treasury secretary Jacob Lew to visit China

Last Updated: Monday, March 18, 2013, 12:27

During the visit, Lew will meet Chinese leaders and hold talks with senior government officials, reported Xinhua.

Jack Lew sworn in as US Treasury Secretary

Last Updated: Friday, March 01, 2013, 11:25

Lew will also serve as Chairman of Financial Stability Oversight Council (FSOC) and Chairman of the Boards and Managing Trustee of the Social Security and Medicare Trust Funds.

Jack Lew confirmed as new US Treasury Secretary

Last Updated: Thursday, February 28, 2013, 09:53

Lew, 57, who also held the position of Director of the Office of Management and Budget, replaces Timothy Geithner as the Treasury Secretary.

India further trims US treasury holdings to $57.9 billion

Last Updated: Sunday, February 17, 2013, 12:03

India, which is among the top 20 holders of American government securities, has been reducing its holdings since August 2012, even as neighbouring China is purchasing more of these bills.

Renminbi unlikely to replace dollar: Former US Treasury Secy

Last Updated: Saturday, January 26, 2013, 19:10

Chinese currency renminbi is unlikely to supplant the US dollar as the world's reserve currency in the near term, former US Treasury Secretary Lawrence Summers said Friday.