Feb 3, 2014 — Jacob Lew says the limit on borrowing needs to be raised before the end of the month. Otherwise, he warns, the federal government risks defaulting on its debts — and Lew says that could cause serious damage to the economy.
Oct 1, 2013 — If Congress doesn't raise the debt ceiling by Oct. 17, the U.S. could fail to "meet all its obligations for the first time in our history."
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.
Jan 9, 2013 — The man said to be President Obama's choice to be the next Treasury secretary has a very loopy, quite unusual signature. If he's confirmed, his John Hancock goes on U.S. currency. See what that might look like.
Jan 9, 2013 — Lew, who earlier was budget director in both the Obama and Clinton administrations, has long been thought to be the leading candidate to replace Timothy Geithner.
Jan 9, 2012 — Daley, who became chief of staff one year ago, was replaced by Budget Director Jack Lew. President Obama said Daley did "extraordinary work."