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UNSC adopts resolution to cut off funding to ISIS, al Qaeda

The UN Security Council has unanimously adopted a resolution to cut off all sources of funding to ISIS and al Qaeda with finance ministers from the member nations vowing to increase sanctions against the terror groups.

Lew asks US Congress to approve IMF quota reform

Lew asks US Congress to approve IMF quota reform

US Treasury Secretary Jack Lew has asked the Republican-controlled Congress to pass the IMF quota reform to give emerging markets a bigger say at the global lender.

Chinese Yuan still undervalued: US Jack Lew

The United States still believes China`s yuan currency is undervalued, unlike the International Monetary Fund, US Treasury Secretary Jack Lew said Wednesday.

Resolve Greece talks soon to avoid crisis: US`s Lew

US Treasury Secretary Jack Lew called Wednesday for Greece`s debt crisis to be resolved quickly to avoid the risk of "accidents", as G7 finance ministers gathered.

Stronger banking union would help boost growth: America to Europe

The United States has a message for the countries of Europe: If you want to help your ailing economies, consider pledging to stand behind one other`s troubled banks.

India, US to work on understanding on investment issues

With India among the fastest growing sources of investment into the US, the two countries Sunday agreed to strengthen bilateral economic ties and work towards a greater understanding of investment related issues.

India, US discuss ways to boost growth, review economic ties

Finance Minister P Chidambaram held discussions with his American counterpart Jack Lew on bilateral economic cooperation as part of the fourth annual meeting of the India-US Economic and Financial Partnership.

Chidambaram meets Lew, raises Indian concerns over visa issues

The meeting held at the IMF headquarters in Washington, instead of the Treasury building because of the ongoing government shutdown lasted for about an hour.

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

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.

Jack Lew sworn in as US Treasury Secretary

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

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