President Obama to Nominate Former Clinton Official Jack Lew as Treasury Secretary

8255871321 f8ef4d1b58 m President Obama to Nominate Former Clinton Official Jack Lew as Treasury Secretary

President Obama to Nominate Former Clinton Official Jack Lew as Treasury Secretary (Photo credit: DonkeyHotey)

President Obama will nominate White House chief of staff Jack Lew for Treasury secretary to replace Timothy Geithner, as soon as Thursday, Bloomberg reports.

Politico:  “In doing so, Obama is throwing Lew straight into the middle of an increasingly nasty budget war, the likes of which Washington hasn’t seen since the mid-1990s.”

“Lew should be prepared for this type of fiscal and political environment, though — he helped President Bill Clinton strike the 1997 balanced budget accord as a top official at the Office of Management and Budget, the agency he has since run for both presidents. And Lew played an important role in the contentious 2011 debt ceiling debate.”

According to Kevin Roose, the downside to Jack Lew:  Lew’s terrible signature would be on our money

 President Obama to Nominate Former Clinton Official Jack Lew as Treasury Secretary
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 President Obama to Nominate Former Clinton Official Jack Lew as Treasury Secretary
Janet Shan is a freelance journalist, blogger and social media consultant. Janet specializes in political and social commentary, as well as business writing. She is the founder and managing editor of the Hinterland Gazette. She is putting the finishing touches on her new novel, a mystery based in the hills on Montego Bay, Jamaica.