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Treasury Secretary Jack Lew warned Congress earlier in the week that he has taken the final measures available to him to create headroom under the statutory debt limit, and that by Oct. 17, he will have only cash on hand and incoming revenues to meet the government's obligations on any given day. (Mark Wilson/Getty Images)
Economy

Treasury warns that a default could scar the economy for a generation

Joseph Lawler -
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Judicial Watch sued the U.S. Treasury, above, Treasury Secretary Jack Lew, the Internal Revenue Service and IRS Acting Director Daniel Werfel on behalf of Larry Kawa, the owner of Kawa Orthodontics, over President Obama's delay of the Obamacare employer mandate. (Florian Hirzinger/Wikipedia)

Cause of Action sues for answers on financial crisis panel

Kelly Cohen, Michal Conger -
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FHA to draw $1.7b from Treasury to cover losses
News

FHA to draw $1.7b from Treasury to cover losses

Andrew Miga -
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Treasury Secretary Jack Lew has indicated that he will run out of resources with which to pay the government's bills as soon as Oct. 17. (Alex Wong/Getty Images)
Economy

Some signs of creeping worries about debt ceiling showdown

Joseph Lawler -
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Drop Dead Debt Date
News

Drop Dead Debt Date

Geoffrey Norman -
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Republicans and Democrats may seem far apart as deadlines approach for legislation to authorize federal government spending and borrowing for the next fiscal year. (Photo: Thinkstock)
Beltway Confidential

Treasury sets hard Oct. 17 debt limit deadline

Conn Carroll -
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Sen. Orrin Hatch, R-Utah, and other Republicans wrote a letter to Treasury Secretary Jack Lew on Wednesday to say they'd seek spending cuts as part of any agreement to increase the debt ceiling. (AP/Rick Bowmer)
Economy

Republicans ask Obama administration what kind of debt ceiling hike it is seeking

Joseph Lawler -
0
Larry Summers was reportedly President Obama's choice to take over from Ben Bernanke in January. But it was Summers who acknowledged, in a letter to the president, the reality of his nomination prospects in light of liberal opposition: Any confirmation process would be
Economy

On the Slide: Larry Summers loses out on his dream job

Joseph Lawler -
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Foreign holdings of US Treasury dip fall in July
Economy

Foreign holdings of US Treasury dip fall in July

Martin Crutsinger -
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Economy

Treasury Secretary Jack Lew ‘cautious and anxious’ about a debt default

Joseph Lawler -
0
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