• Obama to name Jack Lew as Treasury Secretary tomorrow

Market news

9 January 2013

Obama to name Jack Lew as Treasury Secretary tomorrow


Bloomberg's Hans Nichols reports that Obama will name Jack Lew as Treasury Secretary tomorrow.

Lew, who is currently Obama's Chief Of Staff, has been seen as the frontrunner for a long time.

Previously he was Obama's budget chief, and previous to that he was at Citi.

While Lew is seen as likely being an easy nomination, there is some GOP opposition to him.

Several Republicans said Tuesday they don’t view Lew as a man interested in hearing GOP concerns. One aide called him “tone deaf” in understanding the compromises that Republicans could accept during high-stakes talks.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.