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, and clearing the way for a confirmation vote in the full Senate. The 19-5 vote saw about half of the panel’s 11 Republicans opposing Lew’s nomination, which could…
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. Lew received a $1.4 million loan in 2002 as part…
Jack Lew, President Barack Obama’s pick to be U.S. treasury secretary, on Wednesday defused heated questions from lawmakers about his work at Citigroup and managed to find common ground with critics over the need for tax reform. At a hearing on his nomination, Republicans blasted Lew with questions about his investment in a fund linked…
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. Lew, a 57-year-old New Yorker who is White House chief of staff, is a budget wonk…
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. The hearing will briefly become ground zero…
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. Jack Lew, Obama’s former chief of staff and budget director, is due to testify on Wednesday before…
With Jack Lew’s departing the White House in favor of the top cabinet post of Treasury Secretary, President Obama announced Friday that Denis McDonough will fill in his position as White House chief of staff. McDonough will be Obama’s fourth chief of staff. Two of his predecessors were Jewish: Rahm Emanuel, who is now mayor…
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. Lew met with four Republicans on the Senate Finance Committee, which is in charge of vetting his nomination. The lawmakers said they discussed…
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