Jack Lew

4:12pm

Wed February 13, 2013
The Two-Way

Jack Lew, Obama's Treasury Nominee, Faces Questions About Citigroup Bonuses

Treasury Secretary nominee Jack Lew speaks during his confirmation hearing before the Senate Finance Committee Wednesday.
Mark Wilson Getty Images

Jack Lew, who President Obama has nominated as Treasury Secretary, was grilled over his time at Citigroup today during his confirmation hearing.

At issue, reports Fox News, was a nearly $1 million bonus he accepted just as the bank was getting bailed out by the federal government.

Fox adds:

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1:40am

Tue February 12, 2013
Governing

Treasury Nominee's Citigroup Experience Raises Questions For Some

Originally published on Tue February 12, 2013 7:02 am

Jack Lew testifies before a House budget panel in 2011. The Senate Finance Committee is scheduled to consider Lew's nomination to be Treasury secretary on Wednesday.
J. Scott Applewhite AP

Jack Lew, the man President Obama has chosen to help oversee the country's biggest banks, has said it plainly — he's no expert on banking. Lew said as much when the Senate was vetting him to head the White House Office of Management and Budget in 2010.

Sen. Bernie Sanders, I-Vt., asked Lew if he thought deregulation of Wall Street caused the financial crisis. Lew said he didn't consider himself the best person to answer that question.

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2:53pm

Thu January 10, 2013
It's All Politics

Experience Trumps Hope In Obama's Second-Term Cabinet Selections

Originally published on Fri January 11, 2013 10:34 am

President Obama nominates Jacob Lew to be his second-term Treasury secretary on Thursday at the White House.
Mark Wilson Getty Images

A re-elected president who gets to choose a second-term Cabinet has much more knowledge of the kind of team he needs than he did the first time around.

That's one simple way to understand President Obama's decisions as he creates his Cabinet 2.0.

The choices are not those of a president-elect who hasn't moved into the White House, or of a green president who hasn't watched his first international crisis unfold from his leather seat in the White House Situation Room.

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12:14pm

Thu January 10, 2013
The Two-Way

Obama Taps Top Aide Lew For Treasury

Originally published on Thu January 10, 2013 12:57 pm

Jack Lew has been nominated to be the next Treasury secretary.
Mandel Ngan AFP/Getty Images
  • President Obama announces nomination of Jack Lew for Treasury

Saying he "cannot think of a better person" to take the job, President Obama this afternoon formally announced he is nominating Jacob "Jack" Lew, his chief of staff, to be the next Treasury secretary.

Word of Obama's decision to tap Lew, who previously served as budget director in the Obama and Clinton administration, broke Wednesday.

"Jack has my complete trust," Obama said.

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10:45am

Thu January 10, 2013
Politics

VIDEO: Obama Nominates Jack Lew As Treasury Secretary

Screencap of President Obama, flanked by Timothy Geithner (left) and Jack Lew, announcing Lew's nomination at the White House
White House YouTube.com

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