Jack Lew

Sunday, Oct. 6, 2013, U.S. Treasury Jacob Lew speaks on CBS's "Face the Nation" in Washington. (AP Photo/CBS News, Chris Usher)

White House open to short-term hike in debt limit

WASHINGTON (AP) — Senate Democrats are drafting legislation to raise the nation’s debt limit without the type of unrelated conditions Republicans have said they intend to demand, officials said Monday, as the White House signaled […]

10/07/2013

Members of Congress walk down the steps of the House of Representatives on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)

US Treasury warns of harm from debt default

WASHINGTON (AP) — The U.S. Treasury Department warned Thursday that the economy could plunge into a downturn worse than the Great Recession if Congress fails to raise the federal borrowing limit and the country defaults […]

10/03/2013

A specialist looks at a screen at his post on the floor of the New York Stock Exchange Wednesday, Oct. 2, 2013. The stock market is closing slightly lower as investors weigh the possibility that political gridlock may keep the government partially closed for some time. (AP Photo/Richard Drew)

Stocks fall as fears of protracted shutdown grow

NEW YORK (AP) — Wall Street to Washington: end the shutdown and move on. The U.S. stock market ended lower Wednesday as traders, Europe’s central banker and Wall Street CEOs urged Congress to stop the […]

10/02/2013

(AP Photo)

Stocks drop as government heads toward shutdown

NEW YORK (AP) – Stocks sank Monday as Wall Street worried that a budget fight in Washington could lead to something much worse for the economy- a failure to raise the nation’s borrowing limit. It […]

09/30/2013

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