Tag: Jack Lew

Harriet Tubman to Grace $20 Bill

Buck Banks

$20

The denomination bill that will have Harriet Tubman’s, not Andrew Jackson’s likeness soon, Politico reports. Treasury Secretary Jack Lew “will announce plans to both keep Alexander Hamilton on the front of the $10 bill and to knock Andrew Jackson off the front of the $20 in favor of Harriet Tubman.” … “Lew is expected to roll out a set of changes that also include putting leaders of the women’s suffrage movement on the back of the $10 bill, and incorporating civil rights era leaders and other important moments in American history into the $5 bill.”

Lew Welcomes Lack of Budget, Fiscal Drama

Buck Banks

It was an undramatic day. We didn’t have a discussion about a government shutdown. You didn’t hear concerns about the U.S. defaulting on its debt. We need to have a sustained, long period where we take that drama out of it, because, frankly, it wasn’t good for the U.S. or the global economy.

— Treasury Secretary Jack Lew, noting that on Oct. 1, the beginning of the new fiscal year, there was little, if any, notable conversation about the nation’s deficit or debt, In The Loop reported.

Budget Showdown Looming in Mid-October

Buck Banks

Protecting the full faith and credit of the United States is the responsibility of Congress, because only Congress can extend the nation’s borrowing authority. Failure to meet that responsibility would cause irreparable harm to the American economy.

— Treasury Secretary Jacob Lew, explaining in a letter to House Speaker John Boehner sent Monday, Aug. 26, the consequences of not extending the debt ceiling.