Lew to be nominated Treasury secretary
1/9/2013 9:34:40 PM
WASHINGTON, Jan. 9 (UPI) --
White House Chief of Staff Jacob J. "Jack" Lew will be nominated to succeed Timothy Geithner as U.S. treasury secretary, reports said Wednesday.
Lew has been a central behind-the-scenes figure in the Clinton and Obama White Houses as head of the Office of Budget and Management, Politico reported Wednesday.
If confirmed by the Senate, Lew would break the mold of recent treasury chiefs, less a financial market expert with broad contacts in the business world than a loyal Democratic lieutenant and budget authority, The Wall Street Journal noted Wednesday.
The appointment comes as Washington, recovering from the exhaustion of "fiscal cliff" negotiations, readies itself for budget fights over the nation's debt limit, sequestration cuts and a measure to continue funding the government, the Washington newspaper The Hill reported.
The Hill said information on the nomination came from "a Democratic official familiar with the matter."
Republicans view Lew as capable but rigid, after contending with him during budget battles going back to the 1990s, and some Republicans said he was unwilling to offer concessions to cut a debt ceiling deal in 2011, the Journal said.