Obama nominates Lew to lead Treasury
By The Associated Press
This article was published January 10, 2013 at 1:28 p.m.
WASHINGTON — President Barack Obama is announcing Treasury secretary nominee Jack Lew, pointing to his past work of balancing budgets during the Clinton administration.
The president says he feels “bittersweet” about losing Lew as his White House chief of staff but says “my loss will be the nation’s gain.”
He notes that Lew was budget director during the Clinton administration, when the budget ran a surplus for three years.
Lew is taking over Treasury as the administration prepares for a new fight with congressional Republicans over the nation’s debt and deficits.
If confirmed, he will replace Treasury Secretary Timothy Geithner, who led the department through the economic turmoil of the first term.
Comments on: Obama nominates Lew to lead Treasury
To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.
You must login to make comments.