US President Barack Obama has named White House Chief of Staff Jack Lew to be his next Treasury secretary. The 57-year-old is the fourth senior official to be nominated by the president as he fills his second term administration team.
The new Treasury chief is set to face tough fiscal fights with Congress over the U.S. deficit.
“Jack has my complete trust, I know I’m not alone in that, and in the words of one former senator having Lew on your team is equivalent as a coach of having the luxury of putting somebody in almost any position and knowing he will do well. And I could not agree more. So, I hope the senate will confirm him as quickly as possible,” said President Obama.
Jack Lew who served as budget director for Obama and former President Bill Clinton replaces Timothy Geithner who said he would step down after one term.
Copyright © 2014 euronewsMore about:
- 1#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians
- 2Mali: no survivors found in wreckage of Algerian flight
- 3‘Eastern Ukrainians ‘hate Russian-led guerrillas’ — Yatsenyuk
- 4Sudanese mother sentenced to death in Sudan meets the Pope in Rome
- 5Air Algerie plane missing with 116 people on board
- 1Air Algerie plane ‘crashes’ over Sahara
- 2#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians
- 3TransAsia Airways plane crashes on landing in Taiwan, killing dozens
- 4Ukraine suspects one of its jets was shot down by another aircraft
- 5Israelis unite around troops fighting in Gaza
- 1[LIVE UPDATE] Malaysia Airlines MH17: Dutch forensic team arrives at crash site
- 2Air Algerie plane ‘crashes’ over Sahara
- 3#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians
- 4298 killed as Malaysia Airlines passenger jet shot down over Ukraine
- 547 dead and 11 injured in TransAsia Airways crash landing
Wires > News
- 08:50 CET Crunch time for Gaza truce talks as death toll passes 800
- 08:46 CET Australia to ship Tamil asylum seekers to its mainland
- 07:49 CET Rise of Islamic State tests Syrian army strategy
- 07:40 CET Indonesia’s constitutional court ready to take on election result…
- 06:36 CET Over half of China military airfields threatened by high-rises
- 06:00 CET Australia to ship Tamil asylum seekers to its mainland -…
- 05:59 CET Impossible to determine cause of South Korea ferry businessman’s…
- 04:43 CET Venezuela protests arrest of ex-intelligence head wanted in U.S.