Senate Approves Jack Lew as New Treasury Chief

Getty Images

By Reuters

Published February 27, 2013.
  • Print
  • Share Share
  • Single Page

The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama’s new Treasury secretary, putting the former White House chief of staff in the middle of political brawls over the government’s budget.

Senators backed Lew 71-26, with all 53 Democrats voting in favor.

Lew’s most pressing task will be to find a compromise to lessen the economic blow from $85 billion in government spending cuts set to kick in on Friday.

But two more deadlines will quickly follow. Funds for most government operations expire on March 27, and the U.S. government is expected to hit its legal borrowing limit on May 19, setting the stage for a default unless an agreement can be secured to raise the debt ceiling again.

Lew was Obama’s chief of staff before the president named him to succeed Timothy Geithner at the Treasury, and has spent much of his career in Washington in public service. He was previously White House budget director under Obama and former President Bill Clinton.

“As my chief of staff, Jack was by my side as we confronted our nation’s toughest challenges,” Obama said after the Senate vote. “His reputation as a master of fiscal issues who can work with leaders on both sides of the aisle has already helped him succeed in some of the toughest jobs in Washington.”

Lew is expected take the lead on difficult talks with Congress on how to trim U.S. budget deficits and keep a lid on $16.6 trillion U.S. national debt.

STAFF MENTALITY?

Lew, 57, led talks with Congress in 2011 that averted a U.S. debt default. At the time, he antagonized Republicans and even some Democrats with his unwavering defense of government-run benefit programs.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • Jon Stewart responds to his critics: “Look, obviously there are many strong opinions on this. But just merely mentioning Israel or questioning in any way the effectiveness or humanity of Israel’s policies is not the same thing as being pro-Hamas.”
  • "My bat mitzvah party took place in our living room. There were only a few Jewish kids there, and only one from my Sunday school class. She sat in the corner, wearing the right clothes, asking her mom when they could go." The latest in our Promised Lands series — what state should we visit next?
  • Former Israeli National Security Advisor Yaakov Amidror: “A cease-fire will mean that anytime Hamas wants to fight it can. Occupation of Gaza will bring longer-term quiet, but the price will be very high.” What do you think?
  • Should couples sign a pre-pregnancy contract, outlining how caring for the infant will be equally divided between the two parties involved? Just think of it as a ketubah for expectant parents:
  • Many #Israelis can't make it to bomb shelters in time. One of them is Amos Oz.
  • According to Israeli professor Mordechai Kedar, “the only thing that can deter terrorists, like those who kidnapped the children and killed them, is the knowledge that their sister or their mother will be raped."
  • Why does ultra-Orthodox group Agudath Israel of America receive its largest donation from the majority owners of Walmart? Find out here: http://jd.fo/q4XfI
  • Woody Allen on the situation in #Gaza: It's “a terrible, tragic thing. Innocent lives are lost left and right, and it’s a horrible situation that eventually has to right itself.”
  • "Mark your calendars: It was on Sunday, July 20, that the momentum turned against Israel." J.J. Goldberg's latest analysis on Israel's ground operation in Gaza:
  • What do you think?
  • "To everyone who is reading this article and saying, “Yes, but… Hamas,” I would ask you to just stop with the “buts.” Take a single moment and allow yourself to feel this tremendous loss. Lay down your arms and grieve for the children of Gaza."
  • Professor Dan Markel, 41 years old, was found shot and killed in his Tallahassee home on Friday. Jay Michaelson can't explain the death, just grieve for it.
  • Employees complained that the food they received to end the daily fast during the holy month of Ramadan was not enough (no non-kosher food is allowed in the plant). The next day, they were dismissed.
  • Why are peace activists getting beat up in Tel Aviv? http://jd.fo/s4YsG
  • Backstreet's...not back.
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.