So women have waited 120 years and now, according to Secretary of the Treasury Jack Lew, they should be happy to wait a few decades more. I'm referring to Lew's reversal this week to put a woman on the front of the 10 dollar bill. But not to worry, Lew says, because the wheels are in motion for a woman to grace the front of the 5 and 20 dollar bills. Except, according to a senior administration official I spoke with, the 20 dollar bill talk is just smoke and mirrors. "Jack Lew threw in the $5 and the $20 without approval from the committee that determines currency redesign," the official told me. The truth is, my source says, the only note approved at the moment for change is the 10 dollar bill. So, given the important symbolism of our currency, how it reflects our country's values and history, what was the reason for Lew's reversal? A Broadway musical. Or at least that is what it would seem.
On April 6th, the Wall Street Journal published an editorial that merits careful examination: "Jack Lew's Political Economy". The Journal correctly po...
Christine Lagarde has said she is open to serving another five-year term as Managing Director of the International Monetary Fund. She should not get it.
If the debt ceiling causes a default or government shutdown and becomes a campaign issue in the 2016 election, there are some signs that the coin could be taken seriously by the Democratic front-runners for president.
Alexander Hamilton is one of America's most acclaimed Founding Fathers. He should remain as-is on the ten-dollar bill. Anything else would be an insult, the kind of thing that once engendered a duel.
Treasury Secretary Lew's proposed demotion of Hamilton throws into question both the Secretary's grasp of history, as well as his judgment.
Doesn't the 76th Secretary of Treasury have better things to do than to diminish the presence of our 1st and most distinguished Secretary of Treasury?
One of the National Consumers League's founders, Florence Kelley, was a champion for equal rights and consumer protections who fought her whole life for democracy and would be an ideal candidate - a true unsung female American hero.
Although none of these 20 women were elected to office, they all had a great influence on public opinion and public policy. The reformers profiled below exercised influence not only because of the number of people they mobilized, but also because of the moral force of their ideas.
U.S. Treasury Secretary Jack Lew offered a gentler approach to China's proposed Asian Infrastructure Investment Bank (AIIB) Tuesday, saying "the U.S. stands ready to welcome new additions to the international development architecture."
There's an international policy matter on which the administration has been far too passive, and its inaction may be dooming the productive sector of the economy -- not to mention the American middle class -- to a fate it doesn't deserve. I can sum it up in two words: currency manipulation.
Sen. Schumer urged Congress to craft a stricter definition of inversion and enact a ban on "earnings stripping." Earnings stripping? You'll love this. Earnings stripping refers to a practice by which a foreign-based parent corporation loans large sums to -- wait for it -- itself.
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Has anyone thought that the current position of House Republicans on the debt-ceiling issue is really NOT a bluff? That it might be more than a short-term negotiating ploy?
We now have days not weeks to avoid a debt default. If Congress dishonors its "plighted faith," individual litigants will have no choice but to sue.
He was giving the White House talking point that "we won't negotiate over the debt ceiling" and Harwood was like, OK, but you will negotiate over the budget... why is it OK to negotiate over one but not the other?