President Obama Nominates Jacob Lew as Treasury Secretary

President Obama Nominates Jacob Lew as Treasury Secretary | The White House


White House Chief of Staff Jacob Lew is President Obama's pick to be the next Treasury Secretary.

Yesterday President Obama nominated current White House Chief of Staff Jacob Lew to be the next Treasury Secretary of the United States.  Prior to being the current White House Chief of Staff, Lew was director of the Office of Management and Budget under former president Bill Clinton.  Lew supposedly negotiated a deal then to "balance the federal budget", which supposedly led to a "budget surplus."  Prior to becoming the Chief of Staff in the Obama administration, Lew had helped manage the day-to-day operations at the State Department and shepherd through the Budget Control Act to supposedly reduce federal spending in a second stint at OMB. 

To read the full story, click on the above link from The White House Blog.