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January 11, 2013

Obama's Treasury pick is a ‘tough dude'

  • Initial reactions from business and financial sectors have been positive.
    Associated Press

    WASHINGTON — Jack Lew, President Barack Obama's nominee for treasury secretary, is a premier federal budget expert who would take the helm of the government's main agency for economic and fiscal policy just as the administration girds itself for a new confrontation with congressional Republicans over the nation's debt and deficits.

    Obama's nomination of Lew continues to put a second-term imprint on his Cabinet by choosing yet another close ally to a key government post.

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