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Obama to nominate Lew as Treasury Secretary

US President Barack Obama Thursday will formally nominate his White House chief of staff Jack Lew to succeed Timothy Geithner as Treasury Secretary, a US official said.

Obama will make the pick, which requires confirmation by the Senate, at 1:30 pm (1830 GMT) in the East Room of the White House, as he continues to stock his cabinet for his second term beginning on January 20, the official said.

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