Subscribe Register Login

Tuesday, September 02, 2014, 11:34 p.m.
Top Picks - Mobile App

Obama nominates Lew to lead Treasury

By The Associated Press

This article was published January 10, 2013 at 1:28 p.m.

— 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.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Part-time opportunity

    The Arkansas Democrat-Gazette is looking for a self motivat...
    Pine Bluff, AR

  • Financialcoordinator

    Financial CoordinatorWant to work for an exciting, growing d...
    LITTLE ROCK, AR

  • Cna's: all shifts

    ashley health and rehabilitation is accepting applications f...
    ROGERS, AR

  • Lab tech

    earn egg-cellent pay Along with an excellent compensation pa...
    SILOAM SPRINGS, AR

  • Parts counter associate

    parts counter associate Our business is booming! We have an ...
    LOWELL, AR

Search 921 jobs >

Top Picks - Mobile App
Arkansas Online