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Treasury Sec. Jack Lew: US, UK Coordinate to Bolster Financial Service Cybersecurity

Several U.S. and British government and financial services industry representatives held a tabletop exercise Thursday as they seek to create a shared understanding of cybersecurity incident response, data sharing and public communication issues. The Treasury Department said Thursday the joint U.S.-U.K. meeting was part of a translantic effort in cyberspace and aimed to …

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Jack Lew: Cyber Intrusions ‘Not Insurmountable’ for Public, Private Sectors

Treasury Secretary Jack Lew has delivered a speech to highlight efforts in the public and private effort sectors to fight cyber incursions. The official sought to illustrate Wednesday how those incidents can affect citizens’ lives, financial systems and the economy by using real-world examples from both actual attacks and accidental failures. He noted the banking …

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Jack Lew: US to Reach Debt Limit October 17

Treasury Secretary Jack Lew has told congressional leaders in a letter that the U.S. will not be able to pay off the country’s bills as of Oct. 17 unless Congress raises the debt ceiling. The Treasury began using “final extraordinary measures” Monday to extend the U.S.’ borrowing authority, Lew said …

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Jack Lew Confirmed As Treasury Secretary

Jack Lew, President Barack Obama’s nominee for treasury secretary, was confirmed in a 71-26 Senate vote on Wednesday, Reuters reports. Lew is expected to lead deficit reduction talks with Congress and figure out how to reduce the country’s $16.6 trillion national debt, according to the report by Anna Yukhananov and …

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Senate Committee OKs Jack Lew Treasury Secretary Nomination

The Senate Finance Committee on Thursday approved the nomination of Jack Lew, former White House chief of staff, as treasury secretary by a 19-5 vote, Politico reports. Kelsey Snell writes Lew’s nomination could reach the full floor by this coming Wednesday or Thursday. Six of the committee’s 11 Republican members …

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