President Obama to name Jack Lew as Treasury Secretary

The news is breaking that President Barack Obama will name White House Chief of Staff as the new Treasury Secretary on Thursday.  Lew has been the frontrunner to replace Timothy Geithner for quite some time now. Although it will most likely be an easy nomination, some Republican members, such as Senate Minority Leader Mitch McConnell, do oppose Lew becoming the new head at the Treasury Department.

Bloomberg News did a fantastic profile on Lew.

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