Tagged: U.S. Treasury

This week, Washington took on hip-hop royalty, when two Florida representatives went after Jay-Z and Beyonce for their recent trip to Cuba.

"We're saying that no one is above the law, even if you are the diva Beyoncé, and that's wonderful that she's famous and rich, and Jay-Z, everybody loves him, too. Terrific. But no one's above the law," Rep. Ileana Ros-Lehtinen told CNN.

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DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene. President Obama is preparing to send budget plan to Capital Hill this week and Treasury Secretary Jack Lew will be key in selling that plan to Congress.

Right now, Secretary Lew is on another mission: to sell European leaders on the idea of easing austerity to boost economic growth. We reached Secretary Lew in Berlin. Mr. Secretary, welcome back to the program.

SECRETARY JACK LEW: Good to talk to you, David.

The government-controlled mortgage giant Fannie Mae, which needed a $116 billion federal bailout after the housing bubble burst in 2007, said Tuesday that it earned a record $7.6 billion in fourth-quarter 2012 and $17.2 billion for the year.