U.S. Treasury Secretary Jacob Lew says that the decision of British voters to leave the European Union is "an additional headwind" for the U.S. and global economies but "there is no sense of a financial crisis developing." In a CNBC interview Monday, Lew said, "I am not saying there will not be an impact on markets but it has been an orderly impact so far." Signaling concerns that countries might try to intervene in currency markets for trade advantages, Lew said, "We have made it clear that unilateral actions to intervene would be destabilizing." He said what would be critical during the transition was maintaining confidence in financial markets. Lew signaled that the Obama administration planned to keep pushing for a vote in Congress this year on the Trans Pacific Partnership trade agreement with countries in Asia.

Source: Fox News June 27, 2016 13:30 UTC