Lew Defends Administration's Guidelines To Banks Conducting Transactions With Legal Pot SellersTreasury Secretary Jack Lew on Tuesday defended the Obama administration's guidelines to banks conducting transactions with legal marijuana sellers as congressional Republicans questioned whether the guidance amounts to tacit federal approval of a drug illegal in most states.
Treasury: Jack Lew Is Resting Comfortably After Outpatient SurgerySecretary Jack Lew underwent surgery to treat a benign enlarged prostate.
Obama: 'I'm Not Going To Not Do Anything Without Congress'Declaring that hard work should pay off for every American, President Barack Obama on Wednesday signed an order to create starter retirement accounts that could be opened with as little as $25 but acknowledged there's a limit to the help he can give low-wage workers without congressional action.
Obama Admin Presses To Delay Iran Sanctions In Hope Of Negotiations The Obama administration is stepping up pressure on the Senate to hold off on another round of Iran sanctions as Western powers test Tehran's willingness to scale back its nuclear aims.
Boehner To Lay Out Debt Ceiling Proposal To ObamaHouse Speaker John Boehner will ask House Republicans for a short-term debt ceiling increase in an effort to avoid a default, The Associated Press reports.
GOP Rep: Treasury Secretary's Assertion US Could Default If Debt Ceiling Not Raised 'Simply False'U.S. Rep. Mike Pompeo said Monday he would "absolutely not" vote to raise the debt ceiling without spending cuts, downplaying the possibility of a U.S. default that has already made global markets nervous.
Boehner: Obama Risking Default By Rejecting Talks With RepublicansThe United States moved closer to the possibility of the first-ever default on the government's debt Sunday as Speaker John Boehner adamantly ruled out a House vote on a straightforward bill to boost the borrowing authority without concessions from President Barack Obama.