U.S. Treasury

1:20pm

Thu April 11, 2013
The Two-Way

On Cuba Trip, Jay-Z Responds To Washington With Verse

Originally published on Fri April 12, 2013 6:14 am

U.S. singer Beyonce and her husband, rapper Jay-Z, right, tours Old Havana as a body guard, left, and tour guide, right, accompany them in Cuba on Thursday, April 4.
Ramon Espinosa AP

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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2:29am

Tue April 9, 2013
NPR Story

Administration Urges Europeans To Ease Austerity Measures

Originally published on Tue April 9, 2013 7:14 am

Transcript

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.

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7:47am

Tue April 2, 2013
The Two-Way

Fannie Mae Posts Record Profit; Paid Taxpayers $11.6 Billion In 2012

Fannie Mae's headquarters in Washington, DC.
Chip Somodevilla Getty Images

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.

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4:17pm

Wed February 27, 2013
The Two-Way

Senate Confirms Jack Lew As The Next Treasury Secretary

Jack Lew, current White House chief of staff. He's likely to be the nominee for treasury secretary.
Jonathan Ernst Reuters /Landov

The Senate voted 71-26 today to confirm the nomination of Jacob "Jack" Lew as the country's next Treasury secretary.

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3:18pm

Tue February 26, 2013
The Two-Way

GM Denies Asking For $2.1 Million Pay Raise For CEO Dan Akerson

General Motors Chairman and Chief Executive Officer Dan Akerson.
Bill Pugliano Getty Images

General Motors Co. said today that its Chief Executive Dan Akerson will not take a pay raise this year.

Documents filed with the House Committee On Oversight and Government Reform showed that GM was asking the U.S. government to OK a $2.1 million raise for Akerson. The government still owns part of GM and when the automaker took a $49.5 billion bailout, it agreed to have executive pay approved by government.

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