News Jack Lew’s previous squiggle of a signature, above, and the new one, below

When US President Barack Obama nominated Jack Lew as the new Secretary of the US Treasury in January, the media had one overwhelming concern about the appointment: Lew’s illegible signature, which resembles the doodle of an absent-minded child, would now appear on every US banknote.

US debt limit will be raised, Geithner says

Congress will have to raise the country's debt limit, and may need to do so before a deal on future budget deficits is agreed, the US Treasury Secretary Timothy Geithner has said.

The business on...Jamie Dimon, CEO, JPMorgan Chase

Another fat-cat banker?

Mr Dimon is a bit different, to be fair, having enjoyed a good war during the credit crisis. President Obama subsequently said of him: "Jamie Dimon ... I don't think should be punished for doing a pretty good job managing an enormous portfolio."

Britain's public finances eased by tax haul

The pressure on Britain's creaking public finances eased today as a bumper tax haul in January saw the Government record the highest monthly borrowing surplus in more than two years.

China reluctant to get involved in balancing act

Hopes for an agreement to address the huge trade surpluses being run up by China, Japan, Germany and other successful exporters – the most important of the so-called global imbalances – were dashed even before the first G20 summit under French chairmanship got under way in Paris.

Inside Job (12A)

The Independent review: Dirty rotten scoundrels

David Prosser: Obama plays for time as the deficit hawks begin to circle

Outlook: In the absence of an agreement on how much to cut, a deal on legal backing for a multi-year deficit plan would reassure critics of US fiscal credibility

US Treasury head: UK-style cuts will hinder recovery

Timothy Geithner, the US Treasury Secretary, painted the world a reassuring picture of a recovering global economy yesterday, but warned that it was too early to begin cutting budget deficits – a message that is in stark contrast to the approach taken by the British Government.

Cameron and Osborne seek to move the agenda forward

David Cameron, the Prime Minister, and George Osborne, the Chancellor, yesterday sought to put the two biggest economic controversies of the Coalition Government's term in office behind them, insisting that their austerity measures would not derail the recovery and that Britain's banks would play their part in seeing the upturn accelerate.

Davos Diary: Bigwigs choose to fill their boots

In Davos, it's the footwear that tells you everything you need to know about the seniority of the delegate.

Obama closes in on crucial economic policy adviser

President Barack Obama could still be several weeks from picking a replacement for Larry Summers to serve as his chief economic adviser, raising questions about the direction of US economic policy.

America's war of words with China hots up

There was no sign of peace breaking out in the world's "currency wars" yesterday when the chairman of the US Federal Reserve, Ben Bernanke, made a barely disguised attack on China.

Cameron warns of risk of new Great Depression

The world could slide into a 1930s-style depression, David Cameron has claimed, as the G20 summit struggled to find common ground on the best way to boost the global economy.

King urges G20 to get its act together

Bank worried international trade and currency disputes could derail recovery
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