February 11, 2013 |
In a brutal campaign ad last year, Barack Obama showed Mitt Romney warbling "America the Beautiful" while pictures of a sandy beach appeared and the ad declared: "He had millions in a Swiss bank account . . . tax havens like Bermuda … and the Cayman Islands. " It concluded: "Mitt Romney's not the solution. He's the problem. " Well, apparently someone else is part of the "problem": Obama's nominee for Treasury secretary, Jack Lew. It turns out Lew had $56,000 invested in a Citigroup venture capital fund based in ...
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...
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 17, 2013 |
The man in line to become President Obama's next chief of staff is one of his most loyal and trusted confidants — a rare Washington player, associates said, whose sole objective is protecting and advancing the interests of his boss. Denis McDonough, 43, is widely known for his pivotal role as deputy national security adviser for the past two years, helping guide the U.S. military drawdown in Iraq and Afghanistan and the handling of the attack on a U.S. diplomatic mission in Benghazi, ...