Jacob Lew News

Lew will hold talks with counterparts in Paris, London, Brussels and Berlin during the July 11-14 trip. 

The US has said it will support India's endeavour to find ways to fund its massive drive for building modern infrastructure and to create more jobs.

US Treasury Secretary Jacob Lew warned today that the excessive use of economic sanctions could weaken the role of the United States and the dollar on global markets.

Jaitley, Lew discussed ways to attract greater infrastructure investment to boost potential growth and support the global economy.

India remains a bright spot of economic growth, but it will have to stick to its reform agenda and like any other political system, a lot will depend on the government of the day to carry forward the reforms, US Treasury Secretary Jacob Lew said Thursday.

The UN resolution adopted yesterday calls on governments to ensure they have adopted laws that make the financing of IS and of foreign fighters who join its ranks a serious criminal offence.

On November 5, the Treasury would be left to fund the government with less than USD30 billion. This amount would be far short of net expenditures on certain days which can be as high as USD60 billion, Treasury Secretary Jacob Lew said in a letter to Congress.

As the world leaders expressed concern here over slowdown in China dragging down the global economic growth, the US Treasury Secretary Jacob Lew has told his Chinese counterpart to ensure that the currency is allowed to move freely as per market forces.

US Treasury Secretary Jacob Lew on Friday told his Chinese counterpart at a G20 meeting in Ankara to avoid competitive devaluation and improve communication of Beijing`s economic policy.

Finance Minister Arun Jaitley will embark on a 10-day US visit beginning June 16 during which he will meet Treasury Secretary, foreign institutional investors and industry leaders.

Global finance officials are urging Greece to reach a deal with its creditors and avoid a catastrophic default that would stagger a world economy still emerging from recession.

US Treasury Secretary Jacob Lew urged Congress Friday to avoid another disruptive battle over the country`s borrowing ability, which is scheduled to be capped in nine days.

US Treasury Secretary Jacob Lew has urged all sides in Greece debt talks to focus on finding a solution to the crisis that risks pushing the eurozone country into default.

US Treasury Secretary Jacob Lew, in a meeting Wednesday with German Economy Minister Sigmar Gabriel, called on Germany to boost public spending to stimulate stuttering eurozone growth, the Treasury said.