Obama to nominate Jack Lew as Treasury Secretary

January 10, 2013 | World News | Written by

Washington, Jan 10: President Barack Obama is set to nominate Jack Lew to be the next Treasury Secretary.

If confirmed by the Senate, Lew would replace current Treasury Secretary Timothy Geithner, who has served in the post for the entirety of the president’s tenure.

Lew is Obama’s current chief of staff, but has served in numerous government roles.

Prior to his current post, which has given him direct access to the president, the 57-year-old was the director of the Office of Management and Budget, CBS News reports.

Lew would come into the position amid a sluggish economic recovery and as politicians are facing more budget battles, the report added. (ANI)