Huffpost Politics

Jack Lew Confirmed By Senate As Obama's Treasury Secretary

Posted: Updated:

The U.S. Senate has confirmed Jack Lew as Treasury Secretary.

President Barack Obama nominated the former White House Chief of Staff for the position in January. Lew, a leading federal budget expert, succeeds Treasury Secretary Tim Geithner.

Lew was confirmed by a 71-26 vote.

Lew, who previously served as White House budget director during the Clinton administration, began working as the White House chief of staff in January 2012. During a Jan. 10 press conference announcing the Lew's nomination for Treasury Secretary, Obama called his departure from the chief of staff position "bittersweet."

The AP reported:

WASHINGTON — The Senate confirmed Jacob Lew to be Treasury secretary, affirming President Barack Obama's choice of a budget expert at a time when Congress and the White House are at odds over sharp government spending cuts.

The Senate voted 71-26 to support the nomination.

Lew, 57, had most recently served as Obama's chief of staff. He succeeds Timothy Geithner, who completed a tumultuous four-year term in which he helped lead the administration's response to the financial crisis and recession.

Lew takes over just before automatic spending cuts are set to take effect. He's likely to take part in any negotiations to reverse the cuts, and also in key budget talks next month to continue funding the government.

Related on HuffPost:

Obama Cabinet: Who's Staying, Who's Leaving
Share this
Current Slide

Suggest a correction

Around the Web

Jack Lew Faces Questions Over NYU Bonus Ahead Of Treasury Secretary ...

Lew confirmed by Senate Finance Committee

Jack Lew Senate Committee Vote To Come Tuesday

Michael Barone: Jack Lew's sweet deal at Citigroup

The Jack Lew Double Standard

Questions for Jack Lew's Confirmation Hearings

Democrats Hope to Hold Lew Confirmation Vote on Wednesday -Aide

Republicans question whether Treasury nominee Lew broke federal law

Lew's Cayman Islands Fund a Likely Issue at Confirmation Hearings

Jack Lew's opening remarks at his confirmation hearing