The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations.
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 a bitter political fight over the government’s budget.
The Senate Finance Committee on Tuesday backed President Barack Obama’s nominee to head the U.S. Treasury, Jack Lew, despite some concerns about his perks from previous employers, clearing the way for a confirmation vote in the full Senate.
The Senate Finance Committee on Tuesday backed President Barack Obama’s nominee to head the U.S. Treasury, Jack Lew, overlooking the perks he got from previous employers and clearing the way for a full-Senate confirmation vote.
A top Republican senator on Wednesday said he was unsatisfied with U.S. Treasury Secretary nominee Jack Lew’s response to questions about a loan he received from a previous employer and was requesting more information before the Senate committee considering the nomination is asked to vote.
President Barack Obama’s choice to be the next U.S. Treasury secretary said on Wednesday that revamping the tax code is “at the very top” of his priorities, and he offered some olive branches to Republicans to get there.
Jack Lew, President Barack Obama’s nominee to lead the U.S. Treasury Department, faces a grilling about a big bonus he received from Citigroup and his plans for the government’s finances when he testifies before a Senate panel on Wednesday.
Jack Lew, President Barack Obama’s pick to be U.S. treasury secretary, is expected to come under fire for the administration’s budget policies and a nearly $1 million bonus he received from bailed-out bank Citigroup when he testifies on Wednesday before a Senate panel vetting him for the job.
Republican U.S. Senator Jeff Sessions on Thursday warned that President Barack Obama’s nominee for Treasury secretary could face a tough time winning confirmation if the White House did not clear up a dispute over the Medicare health program.
Senate Republicans on Wednesday offered encouraging words about President Barack Obama’s Treasury nominee, Jack Lew, but withheld support, saying the former White House budget director’s qualifications and views must still be scrutinized.