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UPDATE 1-Senate panel to vet Lew for U.S. Treasury secretary next week

February 6, 2013 20:45
(Updates with committee setting date for hearing) WASHINGTON, Feb 6 (Reuters) - The Senate Finance Committee will hold a hearing on Feb. 13 to consider the nomination of Jacob "Jack" Lew for Treasury secretary, the committee said on Wednesday. Committee chairman Max Baucus, a Montana Democrat, will question Lew "about his experience, his views on fiscal policy and ideas for spurring economic growth" at the 10 a.m. (1500 GMT) hearing, the committee said.

UPDATE 1-Geithner plans book on battling financial crisis

February 6, 2013 17:45
WASHINGTON, Feb 6 (Reuters) - Timothy Geithner, who played a lead role battling the global financial crisis both at the U.S. Treasury and New York Federal Reserve, is planning to write a book on the U.S. response, a spokeswoman said on Wednesday. Geithner, who was the longest-serving member of President Barack Obama's economic team when he stepped down as secretary of the Treasury last month, is credited with helping to calm the financial storm that swept through Wall Street in 2007-2009.

Former US Treasury Sec. Geithner to join Council on Foreign Relations

February 6, 2013 13:00
WASHINGTON, Feb 6 (Reuters) - Former U.S. Treasury Secretary Timothy Geithner is set to join the Council on Foreign Relations as a distinguished fellow, the New York-based policy think tank said on Wednesday. Geithner stepped down as President Barack Obama's treasury secretary on Jan. 25, handing the reins temporarily to his deputy, Neal Wolin. Obama's pick to succeed Geithner, former White House chief of staff Jack Lew, is awaiting congressional confirmation.

Security upgrades at Ankara embassy saved lives: US

February 1, 2013 17:15
US officials said tightened security at the American embassy in Ankara had helped save lives Friday when a bomber wearing a suicide vest attacked a checkpoint killing a Turkish guard. A Turkish woman journalist has been seriously hurt and two local security guards were shaken up in the attack. "One of our direct-hire local guards was killed. We offer our deepest condolences to his family," State Department spokeswoman Victoria Nuland said. The bomber had struck the first checkpoint on the embassy perimeter.

CORRECTED-Obama's Treasury pick Lew courts Senate Republicans

January 23, 2013 19:45
(In Jan. 23 story, corrects 17th paragraph to state that the senators "have indicated they would not support Lew as Treasury secretary" instead of "have said they think Lew should not serve as Treasury secretary") By Rachelle Younglai and Anna Yukhananov WASHINGTON, Jan 23 (Reuters) - Senate Republicans on Wednesday offered encouraging words about President Barack Obama's Treasury nominee, Jack Lew, but withheld support, saying the former White House budget director's qualifications and views must still be scrutinized.

UPDATE 1-US Treasury says it could hit debt ceiling by mid-February

January 14, 2013 18:45
WASHINGTON, Jan 14 (Reuters) - The United States expects to run out of tools to avoid a default between mid-February and early March, potentially causing lasting damage to the U.S. economy and its creditworthiness, the Treasury said on Monday. In a letter to Congress, Treasury Secretary Timothy Geithner urged lawmakers to raise the $16.4 trillion legal limit on the nation's debt or risk "irreparable" economic harm.

TIMELINE-Geithner navigated stormy years at U.S. Treasury's helm

January 9, 2013 14:15
Jan 11 (Reuters) - Timothy Geithner, who played a lead role combating the global financial crisis as U.S. Treasury secretary, will step down from his post on January 25. President Barack Obama on Thursday nominated White House chief of staff Jack Lew to succeed him. If Lew is not confirmed by the Senate by the time Geithner departs, Deputy Treasury Secretary Neal Wolin will serve as acting secretary, a Treasury official said.

ANALYSIS-Obama's Treasury choice untested outside budget expertise

January 10, 2013 21:15
* Lew has limited financial experience, but is quick study * Some worry he won't be a tough regulator * Nominee a relative unknown outside Washington circles * Also largely unknown to international finance officials By Rachelle Younglai and Sarah N. Lynch

UPDATE 3-Obama nominates Lew to succeed Geithner at Treasury

January 10, 2013 07:15
* Obama says Lew "a low-key guy" and "master of policy" * Lew, 57, appears likely to win Senate confirmation * He faces Republican questions about spending reforms * Chamber of Commerce chief says Lew will do "just fine" By Roberta Rampton and David Lawder

Treasury nominee Lew's loopy signature gives Obama pause

January 10, 2013 19:00
By Jeff Mason WASHINGTON, Jan 10 (Reuters) - Fortunately, clear cursive writing is not a prerequisite for promotion to the highest echelons of the U.S. government. President Barack Obama joked on Thursday that he considered taking back his offer to make White House chief of staff Jack Lew his next Treasury secretary after seeing - thanks to media reports - his loopy, illegible signature. The Treasury secretary's signature appears on U.S. currency, a fact that apparently gave Obama pause.
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