The government shutdown entered its second week with no end in sight and ominous signs that the United States was closer to the first default in the nation’s history as Speaker John Boehner ruled out any measure to boost borrowing authority without concessions from President Barack Obama.
Congress needs to raise the debt limit and take away the “cloud of uncertainty” about the nation’s ability to pay its bills, Treasury Secretary Jack Lew said in an interview broadcast Sunday.
WASHINGTON (CBSDC) – “For almost every American family there are scars from the deep recession,” said Secretary Jack Lew Wednesday in an interview with CBS News Anchor Scott Pelley. Lew, President Obama’s former chief of […]
The composition of President Barack Obama’s second term Cabinet became clearer Wednesday, with Labor Secretary Hilda Solis resigning and three other members of the president’s team deciding to stay on amid concerns about diversity in Obama’s inner circle.
White House chief of staff Jack Lew is President Barack Obama’s expected pick to lead the Treasury Department, with an announcement possible before the end of the week.
Martha Johnson, head of the Genersal Services Administration, resigned following reports of lavish spending at a Nevada training conference in the fall of 2010.