Click Cover to Read Digital Edition

AVAILABLE IN THE APP STORE
iPAD APP
iPHONE APP

UPCOMING EVENTS

 
ICBA National Convention
March 1-5
Gaylord Palms Resort
Orlando
 
ABA Mutual Community Bank Conference
March 22 & 23
Marriott Marquis
Washington, D.C.
 
Card Forum & Expo
April 8-10
Marriott
Chicago
More events >  

<- Back

Share |

Print Friendly and PDF

President Obama Nominates Jacob Lew as Treasury Secretary

 

Jan 11 - President Obama has nominated Jacob Lew, the current White House chief of staff, to serve as the next Treasury Secretary.

"Over the past year, Iíve sought Jackís advice on virtually every decision that Iíve made, from economic policy to foreign policy," the President said.

Jack Lew has decades of experience tackling some of the nation's toughest economic challenges. As director of the Office of Management and Budget under President Clinton, Lew helped to negotiate the deal that balanced the federal budget ó and led to a budget surplus. In the Obama Administration, even before becoming chief of staff, he has helped to manage the day-to-day operations at the State Department and shepherd through the Budget Control Act to reduce federal spending in a second stint at OMB.

"One reason Jack has been so effective in this town is because he is a low-key guy who prefers to surround himself with policy experts rather than television cameras," said President Obama. "And over the years, heís built a reputation as a master of policy who can work with members of both parties and forge principled compromises."


Back