Senate Democrats are scrambling to ram through Obama Treasury Secretary nominee Jack Lew in a Tuesday Senate Finance Committee vote followed by a rushed floor vote on Wednesday.
“Obama has spent two campaigns railing against everything that Treasury Secretary nominee Jack Lew represents,” said a Republican National Committee press release issued today.
Sen. Charles Grassley (R-IA) previously asked Committee Chairman Sen. Max Baucus to delay the Lew vote until the nominee provided adequate answers to questions involving Lew’s involvement in a kickback scheme put in place between New York University (NYU) and Citigroup during Lew’s tenure as NYU vice president of operations. Baucus’s press person denied Grassley’s request and said “the confirmation process continues to move forward.”
No Republican senators have threatened to filibuster Lew’s confirmation.
If confirmed as the next Treasury Secretary, Jack Lew will play a pivotal role in reshaping the U.S. tax code and determining the fate of federal mortgage powerhouses Fannie Mae and Freddie Mac.