Obama nominates Jack Lew as Treasury Secretary - Dallas News | myFOXdfw.com

Obama nominates NYC native Jack Lew for Treasury Secretary

Posted: Updated:
In this Feb. 15, 2011 file photo, Budget Director Jack Lew testifies on Capitol Hill in Washington. Two senior administration officials say the White House chief of staff, William Daley, is resigning. He's being replaced by Jacob Lew. AP Photo/J. Scott In this Feb. 15, 2011 file photo, Budget Director Jack Lew testifies on Capitol Hill in Washington. Two senior administration officials say the White House chief of staff, William Daley, is resigning. He's being replaced by Jacob Lew. AP Photo/J. Scott

WASHINGTON (AP) -- President Barack Obama is announcing Treasury secretary nominee Jack Lew, pointing to his past work of balancing budgets during the Clinton administration.

The president says he feels "bittersweet" about losing Lew as his White House chief of staff but says "my loss will be the nation's gain."

He notes that Lew was budget director during the Clinton administration, when the budget ran a surplus for three years.

Lew is taking over Treasury as the administration prepares for a new fight with congressional Republicans over the nation's debt and deficits.

If confirmed, he will replace Treasury Secretary Timothy Geithner, who led the department through the economic turmoil of the first term.

  • Queens NewsQueens NewsMore>>

  • NYC exploring ways to curb taxi speeds

    NYC exploring ways to curb taxi speeds

    Wednesday, April 16 2014 7:14 AM EDT2014-04-16 11:14:53 GMT
    New York City is exploring ways to curb the speed of taxis. The Taxi and Limousine Commission this week issued a request for information on "anti speeding vehicle technologies."  The measures include devices that can intervene when drivers exceed posted speeds and "advisory systems" that can sound alarms when reckless driving is detected.
    New York City is exploring ways to curb the speed of taxis. The Taxi and Limousine Commission this week issued a request for information on "anti speeding vehicle technologies."  The measures include devices that can intervene when drivers exceed posted speeds and "advisory systems" that can sound alarms when reckless driving is detected.
  • Temperature drops; snow moves in

    Temperature drops; snow moves in

    Wednesday, April 16 2014 6:15 AM EDT2014-04-16 10:15:30 GMT
    Fox 5 photoFox 5 photo
    Temperatures are below average for the remainder of the week. The mild weather made an exit in the Tristate region and snow moved in late Tuesday into Wednesday. Scattered showers, heavier rain, thunderstorms, and strong winds made a return. 
    Temperatures are below average for the remainder of the week. The mild weather made an exit in the Tristate region and snow moved in late Tuesday into Wednesday. Scattered showers, heavier rain, thunderstorms, and strong winds made a return. 
  • NYPD ends Muslim surveillance program

    NYPD ends Muslim surveillance program

    Tuesday, April 15 2014 8:36 PM EDT2014-04-16 00:36:21 GMT
    A special New York Police Department unit that sparked controversy by tracking the daily lives of Muslims in an effort to detect terror threats has been disbanded, police officials said Tuesday. NYPD spokesman Stephen Davis confirmed that detectives assigned to the unit had been transferred to other duties within the department's Intelligence Division.
    A special New York Police Department unit that sparked controversy by tracking the daily lives of Muslims in an effort to detect terror threats has been disbanded, police officials said Tuesday. NYPD spokesman Stephen Davis confirmed that detectives assigned to the unit had been transferred to other duties within the department's Intelligence Division.
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices