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'Foreign shocks' could harm US financial stability: Lew

US Treasury Secretary Jacob Lew, pictured on April 17, 2015, warned Congress that foreign turmoil, such as Greece's debt crisis, could destabilize the US financial systemUS Treasury Secretary Jacob Lew warned Congress on Wednesday that foreign turmoil, such as Greece’s debt crisis, could destabilize the US financial system. “In today’s globally integrated financial markets, foreign shocks have the potential to disrupt financial stability in the United States,” Lew said in testimony to the House of Representatives financial services committee. Lew cited political uncertainty in Greece that has added to concerns about stability in the 19-nation eurozone.

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