Oct 10, 2013 — Jacob Lew tells the Senate Finance Committee that not raising the debt ceiling could "deeply damage financial markets, the ongoing economic recovery, and the jobs and savings of millions of Americans."
Oct 3, 2013 — In a report, the department warns that a default could do damage to the economy to rival the Great Recession.
Jan 10, 2013 — The president has nominated his chief of staff. Jack Lew is also a former budget director in both the Clinton and Obama administrations. He would replace Timothy Geithner, who plans to step down soon.
Nov 8, 2012 — A number of people are in the running for Cabinet appointments in President Obama's second term.
Feb 17, 2011 — Interest payments on the national debt are forecast by 2018 to crowd out much of U.S. spending. Experts worry that the deteriorating fiscal situation could drive up the interest rates the U.S. must pay, further worsening the situation.