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President Obama announces his nomination of Jack Lew to serve as Secretary of the Treasury Thursday.http://youtu.be/zwTMZDm764YRead More: Obama Taps Top…
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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.
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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.
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With the economy on the brink of disaster, American taxpayers bailed out the insurance giant. Now, its former CEO is leading a lawsuit that claims shareholders didn't get fair compensation. But the threat of a public backlash may have kept AIG from joining the suit.
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President Obama may go into the next round of fiscal battles without his long-time Treasury Secretary. Tim Geithner reportedly plans to step down in January, even as the Treasury Department is scrambling to avoid cracking the government's debt ceiling. Robert Siegel talks with Scott Horsley about that and other personnel changes as the president prepares for his second term.
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National ad campaigns, star-studded Broadway rallies, and a pig with a tiny mustache. How the government got citizens to fund wars.
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The Treasury Department says General Motors will buy back 200 million of its own shares; the remaining 300 million shares will be sold off over the next 12 to 15 months.
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Now the White House chief of staff, Lew finessed the 2011 deal that set up the automatic spending cuts and tax hikes set for the new year — and did it in a way that put President Obama in the catbird seat for the current talks. Now he's a possible pick to be the next Treasury secretary.
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In the category of unintended consequences, Susan Rice's announcement about her future plans could mean a Republican in President Obama's inner circle, decorated Vietnam veterans overseeing the nation's military and foreign policy, and another special election for Senate in Massachusetts.
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The U.S. Treasury Department said it will launch an underwritten public offering to sell its remaining 234.2 million common stock shares in insurer American International Group Inc., better known as AIG.