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Existing U.S. home sales rose in April
WASHINGTON, Feb. 28 (UPI) -- Jack Lew was sworn in as treasury secretary Thursday in a private ceremony hosted by President Obama.
The oath of office was administered by Vice President Joe Biden.
Lew is the 76th treasury secretary, succeeding Timothy Geithner, who announced his departure soon after Obama won his second term.
During his daily media briefing, White House press secretary Jay Carney said Obama and Lew "have become close through their service together, and the president wanted to have this ceremony for Secretary Lew, in the Oval Office, because of that relationship."
Lew had been Obama's chief of staff and before that was budget director for Obama and President Bill Clinton.
The U.S. Senate Wednesday handily confirmed Lew as treasury secretary Wednesday, despite reservations by some Republicans, on a 71-26 vote. Lew had come under criticism from some GOP senators for his personal finances and connections with Wall Street.
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WASHINGTON, May 23 (UPI) --
U.S. President Barack Obama was the last obstacle to getting the Keystone XL oil pipeline built through the country, the chairman of a House committee said.
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TUCSON, May 23 (UPI) --
Raytheon has received approval from the U.S. Defense Acquisition Board for full-rate production of the Standard Missile-6.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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