February 13, 2013 |
President Obama won reelection in part by beating up on his opponent for receiving big corporate payouts in exchange for dubious work and for socking away money in tax havens such as the Cayman Islands. So it's a bit, well, rich that Obama chose as his new Treasury secretary a man who received a big corporate payout for dubious work and who socked away money in the Cayman Islands. This awkward fact pattern forced a role reversal Wednesday on Capitol Hill, as Obama's nominee, Jack Lew, came before the Senate Finance...
January 9, 2013 |
President Obama recently said he would love to hire a top executive into his administration. But for the job of Treasury secretary, he didn't pick a corporate executive, a famous economist or a former politician — he has decided to tap a trusted adviser, White House Chief of Staff Jacob Lew, an expert on the nation's ongoing budget wars. Obama on Thursday plans to nominate Lew to take over from Treasury Secretary Timothy F. Geithner, the president's longest-serving economic adviser ,...
February 11, 2013 |
GOP senators plan to ask pointed questions about Jack Lew's work at Citigroup — and his pay at the bailed-out bank — when the Treasury nominee appears before a Senate panel for his confirmation hearing Wednesday, officials said Monday. Some Republicans think Lew has not provided satisfactory answers about his exact responsibilities at the bank during the financial crisis, congressional staffers say. The issue is relevant, they...
February 22, 2013 |
Bob Woodward ( email@example.com ) is an associate editor of The Post. His latest book is " The Price of Politics . " Evelyn M. Duffy contributed to this column. Misunderstanding, misstatements and all the classic contortions of partisan message management surround the sequester, the term for the $85 billion in ugly and largely irrational federal spending cuts set by law to begin Friday. What is the non-budget wonk to make of this? Who is responsible ? What really happened?
January 25, 2013 |
President Obama announced a reshuffling of his top White House personnel Friday, naming Deputy National Security Adviser Denis McDonough as his new chief of staff and saying goodbye to longtime senior adviser David Plouffe , a key architect of his political strategy. Obama promoted McDonough, one of his most trusted and loyal deputies , to oversee White House operations as the administration tackles its major second-term legislative initiatives, including gun-control...
February 8, 2013 |
Treasury secretary nominee Jack Lew will face questions at his confirmation hearing next week about an investment fund registered in a Cayman Islands building that has been called a notorious site for tax haven abuse. Lew invested $56,000 in the fund, which was run by his former employer Citigroup, and sold his investment in 2010 for $54,418, according to the Senate Finance Committee. Lew, the White House chief of staff, is to appear before the Senate Finance Committee on Wednesday as he...